Yet another bank on the “rate war” list. This time, Scotiabank Colpatria announced that taking into account the difficulties that Colombian families are experiencing due to the slowdown in the economy it will also lower your rates.
The bank announced that it will place it at 20% EA for purchases in supermarkets, fuel in service stations and restaurants. Categories similar to those selected by the other entities.
As he commented with the ad, this adjustment equates to a reduction of more than 50% of the prevailing interest rate for private credit cards, basic and classic. The benefit will apply from Tuesday, March 14.
Bancolombia, which initiated the rate movement, implemented the new rate as of todayif applicable, 25% off for purchases made as of today with Visa Clásica, Mastercard Clásica, American Express Blue, Mastercard Joven and Mastercard Ideal credit cards.
The benefit will apply to customers who have a quota of up to $3.9 million, which represent half of the plastics that the financial institution has. In total, the measure will cover 1.3 million credit cards.