Were you offered a credit card or a departmental card with interest-free months? It looks great right? And it really is, but it all depends on how good a payer you are. I don’t want you to go into debt so in this article I tell you more about the famous “months without interest”!
More months of payment without stressing you overpay
The great benefit of the months without interest is that you will only pay for the amount consumed. As for the time this varies according to each entity. There are some that do not charge you interest on purchases made in 3 installments, while others on purchases made up to 48 installments.
If you fall behind, you are fried!
The bank may seem your friend, but it is not and will not give you anything without asking for something in return. The treatment of interest-free months for your credit is only valid when you pay each statement on time, if you get behind then you will start paying interest. Do you see why you should be a responsible customer? Your finances will thank you!
Your interest-free months are not included in your minimum payments
Pay a lot of attention! You should be aware that your statements of account your requested consumption to months without interest will be charged very much from your regular consumption. Because it is important? Because the minimum amount to pay will not be included, so if this month you received S / .100 of consumption and your monthly fee without interest is S / 70.00 you must pay S / 170.00.
Two tips for not falling into debt
Use this payment option only when you purchase important products and not cravings. If what you are going to buy will last less time than you will pay for it it is not worth it. Paying on time will be your best ally to avoid spending extra money and have a credit history cleansed.
You may also be interested in: Requirements to increase your credit card limit.