2023-07-27 22:04:08
Currently, credit and debit cards are the most used payment method around the world. However, banking institutions are searching for new alternatives to replace traditional plastics.
The big change in the cards
The innovation will be in the magnetic strip that all cards have on the back, which will disappear and be replaced by a chip or contactless, a progressive change that will mean that from 2033 none of these plastic cards will have a magnetic strip. .
Did you know?
Contactless technology or contactless payment, allows transactions with credit and debit cards in shops, you just have to bring the card to the terminal where you are going to make the payment.
The magnetic stripe was a great innovation in the 60’s, since it allowed banking institutions to encode their users’ information in said area of the card. However, this has been superseded by innovations from later years.
How to choose the credit card that benefits me the most?
Tips for the good use of a credit card
This is an essential personal finance tool for many users around the world, but it is important to stress that you must use it responsibly to avoid financial problems. Here are some tips:
– Smart purchases: Take advantage of interest-free monthly purchases to purchase valuable products without affecting your finances.
– Punctuality and responsibility: Pay your debts on the agreed dates, this ensures good financial health.
4 strategies to pay off credit card debt faster
– Avoid withdrawing cash: Do not use the card to withdraw cash, since the interest is usually high.
– Check your account statement: Examine your monthly transactions to identify any money leaks.
How many credit cards is it advisable to have?
– Interest: Check if your card has annual charges and make sure that the benefits justify those costs.
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