How to get the most out of your credit card

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Between January and November, 90% of consumer loans were granted in national currency.

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PERU21 Editorial
Update Date
08/26/2019 - 06:42
Fabiana Sánchez Credit card consumption continues to expand , but is the culture among users regarding the correct use of financing growing to the same extent, in order to avoid over-indebtedness?
The Banking Association reported yesterday that consumer loans grew 12% through November due to the better performance of the economy and greater consumer confidence. For 2014, the association estimates that growth will be between 10% and 12%.
A well-spent and punctually paid loan india number screening can be beneficial . It allows the user to acquire goods and services that are beneficial to them and help build a healthy credit profile.
On this occasion, the director of mundonegocio.pe, Juan Carlos Ocampo, and the professor of Finance at ESAN University, Jorge Guillén, give some suggestions to make the most of plastic money.
1. Pay immediately. If you use your card to pay for groceries, clothing or fuel, pay off the entire amount the following month (before the billing cut-off date). This will help you avoid fees and interest. Remember not to spend more than you earn.
2. Control. Another way to take advantage of this payment method is through physical or virtual account statements that allow you to control how much you spend each month and on what.
3. Points. Another way to get the most out of your card is to use loyalty programs. Some banks offer points for spending, which can then be redeemed for products or discounts on future purchases. In other cases, you can accumulate 'miles' that can be used to buy airline tickets.
PLEASE NOTE: If you are purchasing a high-value item, consider using the installment system. This will allow you to set a time frame for paying off the debt and prevent interest from accumulating every month.