2023-12-03 07:46:33
The season has come to an end and shoppers are beginning to plan their Christmas gift lists for family, friends and loved ones.
(See also: Credit card purchases at Christmas will have a surprising change; they made an announcement)
For that reason, Credit cards become the ideal option for many people who do not have liquidity to cover these types of expenses out of pocket, although sometimes they do not know that they can get into serious debt.
The complicated thing about the matter is that, some of them, by paying for their purchases in more than one installment with the banks They will be greatly affected by the high interest charged on cards for deferring for several months those acquired tastes.
Purchases made online or digitally, automatically, They offer the option to defer payments for up to 24 installments. However, it is important to consider calling the bank to reduce this period, since extending it too muchthe final cost of the product could increase up to 25%.
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In fact, some banks offer the option of modify the quotas through their digital platforms, as a mechanism for clients to repay their debt and avoid paying more, commented The Republic.
It is essential to exercise caution when deferring payments for online purchases, as the convenience of paying in longer installments could result in a significant additional expense. Consequently, the advantage of discounts on the platforms is diluted if excessively long payment terms are chosen.
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