2023-09-22 01:34:56
Many people access this resource for emergencies or to indulge in certain treats, and pay for them in installments. Using a credit card correctly generates a good credit history and a better reputation in credit bureaus, which also helps when requesting larger loans such as for business investment or home purchase.
Compare benefits before choosing. | Photo: Getty Images
Another use of the credit card is the possibility of buying tickets, products and services on sale days, or on the famous Black Fridays, which allows you to make small savings. Although for many, the use is not very well compensated, since banks usually have high interest percentages, and in addition to this they charge a monthly handling fee, even when the card is not used.
However, banks are increasingly more flexible in this sense, and always seek to attract more customers by offering certain benefits. Therefore, users should always ask about the advantages and commitments before accepting a credit card, and compare the offers from different banks.
Tips for choosing the most convenient credit card
Many people use them to take advantage of promotions. | Photo: Fotolia / El País
The type of card: low and high category, national and international.
The credit limit: upper amount of debt, and maximum number of installments to pay the loans.
Insurance: according to the category of the card and the amount.
The rewards: benefits for using it in certain establishments, or savings.
Commissions: low or high interest percentages.
In this sense, currently in Colombia, some banks have credit cards without a handling fee. These are the options:
There are several credit cards that provide great benefits to those who travel constantly. | Photo: Getty Images/iStockphoto
G – Zero Card, from Banco Davivienda: they offer it as an environmentally friendly alternative, since it is recyclable and offers its plastic in various colors.
Nu Card, from Nu Bank: they do not charge a handling fee and you have the flexibility to adjust the space available on the card.
One Light Card, from Scotiabank and Colpatria: This is another option with no handling fee and sends your bank statements digitally.
RappiCard: although it is not well known, it has the advantage of not charging a handling fee and returns up to 5% of the money invested in purchases made with the card.
Free Card, from Bancolombia: it also has no handling charges, it allows you to make purchases and advances very easily.
What do credit card colors mean?
In some countries, it is a strategy that seeks to attract different segments of the population and provide them with financial options appropriate to their preferences and lifestyle.
Yellow or gold: They are usually associated with exclusivity and status. Yellow or gold credit cards are often offered to high-net-worth customers and typically provide premium benefits such as airport lounge access, extensive travel insurance, and significant credit limits.
Black: They are known for their exclusivity and prestige, these are usually issued to individuals with a high level of income and net worth. They offer elite benefits, they can have a quota of up to 300 million pesos.
Silver: they are usually related to sophistication and elegance. Although they are not as exclusive as gold or black cards, they still offer significant benefits, such as travel rewards, car rental insurance, and the limit reaches up to 200 million pesos.
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