Banks have announced lower interest rates on certain credit cards and under special conditions. This in order to try to support users in the midst of the increase in liquidity.
The purchases that will benefit from the measure are those made in supermarkets, service stations, drugstores and restaurants. That is, those of gasoline, market or medicines made by clients with quotas of up to $4 million pesos.
(Also read: ‘Reducing interest rates will be favorable for the economy’: Asobancaria).
The decision will impact not only on the usury rate that will be certified for April, but also on the portfolio purchase offer offered by banks.
But on a daily basis those purchases that can solve something for you immediately, can be more expensive than you imagine.
in accordance with Datacredito, One criterion is that the term is not greater than the useful life of the product. With that guideline, give these examples:
A fee: If recurring expenses such as transportation, restaurants, hairdressers or the market are paid, a fee is advisable. They are goods and services that are used immediately.
Remember that in the case of online purchases, the purchase may automatically be deferred to 24 months, and it is worth consulting the bank on how to reduce the number of installments, often it can be done on the transactional portal or through the app.
Like these products and services that are used almost immediately and, in the case of food, They have a limited duration depending on what is purchased.
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