On October 12, the Central Bank announced a 50 basis point increase in the Monetary Policy Rate (MPR), possibly the last of this cycle. In that context, We start November by telling you about the campaigns to make purchases in 3 or more interest-free installments with credit cardsas well as those that have a preferential rate.
Because when rates rise, access to credit also becomes more expensive. Interest rates on consumer loans have been rising since the lows observed in August 2021.
During November, Banco de Chile, Scotiabank, Banco Consorcio, Bci, Itaú and Banco BICE will offer promotions to make purchases in 3 installments without interest with your credit cards in all stores.
In addition, coinciding with the proximity of the end of the year, during this month some issuers once again offered campaigns to facilitate payments in the Education category. Banco Santander will offer 10 installments without interest to its customers with Visa Eco WorldMember and WorldMember Limited cards, BancoEstado maintains those with 12 installments without interest in the item, BICE with 3 to 6 installments, Banco Ripley with 12 installments without interest, and Banco Falabella will have 10 installments without interest for the payment of schools.
Meanwhile, with a preferential rate in Education are Itaú (0.89% at 10 installments), Bci (1.19% at 10 to 12 installments), and Santander (between 1.09 and 1.19% at 10 installments with Platinum, WorldMember and WorldMember Limited), Banco Security (3 to 12 installments at 0.95%).
Campaigns and promotions of installments without interest in November 2022
| Transmitter | Current campaigns |
|---|---|
| Bank of Chile and Bank Edwards | • 3 installments without interest in all businesses of any acquirer until November 30, 2022. • Other campaigns in participating stores |
| Santander | • 10 installments without interest in Education with Visa Eco WorldMember and WorldMember Limited cards until November 30, 2022. • 10 installments at a rate of 1.09% in Education with WorldMember and WorldMember Limited cards, except Visa Eco. • 10 installments at a preferential rate of 1.19% in education with Platinum cards until November 30, 2022. • 25 to 48 installments at a preferential rate of 0.99% in the automotive category until November 30, with WorldMember and WorldMember Limited Santander LATAM Pass cards. • Life credit card: From 3 installments without interest, according to the Life Merits accumulated by each client. • Other campaigns in participating stores |
| Banco Bci | • 3 installments without interest in all businesses until November 30. • 10 to 12 installments with a preferential rate of 1.19% in the Education category, until November 30, 2022. • 25 to 48 installments with a preferential rate of 1.19% in the automotive sector, for the purchase of a car or motorcycle, until November 30. |
| Scotiabank | • 3 installments without interest in all online and face-to-face businesses affiliated with Transbank until November 30, 2022. • Other campaigns in participating stores |
| Itau | • 3 installments without interest in all stores until November 30, 2022. • 10 installments with a preferential rate of 0.89% in Education (nurseries, kindergartens, schools, pre-university, universities and professional institutes) until November 30, 2022. • 24 to 36 installments at a preferential rate of 0.89% in all automobiles until November 30. • Other campaigns in participating stores |
| State Bank | • 12 installments without interest in Education (kindergartens, schools, educational centers and universities affiliated with Transbank) until December 31, 2022. • 12 installments without interest in the Health category (medical centers, clinics, hospitals, laboratories, exams and others, attached to Transbank) until December 31, 2022. • 6 or 12 installments without interest at JetSMART.com until December 31, 2022. • Other campaigns in participating stores |
| BICE Bank | • 3 or 6 installments without interest in all businesses attached to Transbank until November 30, 2022. • 3 to 12 installments without interest in Education until November 30, 2022. • 3 to 12 installments without interest in payment of contributions until November 30, 2022. • 3 to 12 installments without interest in Travel category until November 30, 2022. • Other campaigns in participating stores |
| Banco Security | • 3 to 12 installments at a preferential rate of 0.95% in the Education category until November 30. |
| Falabella Bank | • 3, 6 or 12 installments without interest in Despegar and Viajes Falabella until November 30, 2022. • 3 installments without interest in the payment of contributions until November 30. • 10 installments without interest in payment of schools with CMR Visa or CMR Mastercard until November 31 (sic). |
| Banco Ripley | • 12 installments without interest in Education (schools, pre-university, IP, CFT, nurseries, universities, language schools, music and dance academies, kindergartens) until March 31, 2023. • 3, 6 or 12 installments without interest in Contributions through TGR or SII, until November 30. |
| Bci Leader Card | • 3 installments without interest in Lider, Express de Lider, Lider.cl and Lider App. • 3 installments without interest in all businesses. |
| Scotiabank Cencosud Card | • 2 or 3 installments without interest in Easy, Jumbo and Santa Isabel. • Pie and 2 installments without interest in Paris • 10 installments at a preferential rate of 2.29% in the Travel category from November 1 to 30. • 10 installments at a preferential rate of 2.29% in the Education category until November 30. • Other campaigns in participating stores |
| Consortium Bank | • 3 to 12 interest-free installments in all businesses affiliated with Transbank with Visa Universal, Gold and Visa Signature cards until December 31, 2022. |
| international Bank | No information |
| Coopeuch Mastercard | No information |
You must know
• Each business can offer its own cash price quota campaigns (CPC), even if your bank does not have a current campaign, in accordance with the contract with the acquirer or agreements.
• Purchases in installments are subject to credit tax (Timbres y Estampillas Law, according to Decree Law 3475), which is the responsibility of the customer.
• It is common for immediate charge purchases not to have the benefit of interest-free installments. These are generally cash advances, taxes, casinos, racetracks, and gambling.
• If you do not pay your credit card in full on the due date, your bank may charge you interest on the unpaid balance.
Important
The information in this note is referential and applies to natural person clients without a business line of each financial institution, excluding subsidiaries or business support companies (SAG). The data was consulted on the websites of each institution or directly from the entities on November 5 and 6, 2022. It is the responsibility of each client to verify the conditions and validity of the installment campaigns without interest or preferential rate directly with their issuer. , without corresponding to Chocale any intervention in it, nor in the subsequent attention that it demands. Fee campaigns at “all merchants” may exclude immediate charge transactions (taxes, casinos, gambling, cash advances, financial services, etc.). There are promotions limited to a specific purchaser, such as Transbank. Find out about the conditions of access to credit, validity of campaigns, interest rates and commissions associated with your purchases with your issuer.
