2023-08-22 03:03:02
Have a credit card it can give you several benefits, if used properly, as well as if you have a good card that gives you those benefits. For this, the National Commission for the Defense of Users of Financial Services (Condusef) carried out an evaluation of 14 banks to find out which is the best and worst credit card. The rating range goes from zero to ten, with the minimum being 0 and the maximum being 10, as well as a category of “Failed”.
What are the best credit cards in Mexico?
The study of the driving it only contemplates 14 credit cards, of which only 2 obtained the maximum qualification from the first evaluation stage; four of them obtained a failing grade in the first evaluation and in the second stage, two continued with a failing grade. These are the results:
BBVA Mexico: Failed in the first evaluation and 10 points in the second
Azteca Bank: 8.0 y 10.0
Bank Invex: 7.2 y 10:0
Bajio Bank: 7.8 y 10.0
Mercantile Bank of the North: 9.0 y 10.0
HSBC Mexico: 10.0 on both tests
Banco Regional: 10.0 y 10.0
SOFOM Inbursa: Failed and 9.6
Scotiabank Inverlat: 8.0 y 8.6
Affirm Bank: 7.8 y 8.5
BanCoppel: 7.4 y 7.4
Santander Consumption: 6.5 y 6.9
Banamex cards: Failed and Failed
Mifel Bank: Failed and Failed
The main breaches that were detected were the following:
Accession Contract
It does not contain the express consent of the user. The concept, amount and periodicity of the commissions that are charged to the Users, are not consistent with those registered in Banco de México
cover art
It does not indicate the legends on the risks applicable to the product. It does not establish the concept, amount and periodicity of commissions
Account status
It does not indicate the total number of monthly installments of term promotions It does not indicate the corresponding payment number of term promotions It does not contain the description of each charge and credit.
Website of the Internet
It does not provide consistent information against the contract, which is delivered to the user at the time of contracting. In the “Check the Costs and Commissions of our products” link, it does not indicate the date of calculation of the Total Annual Cost (CAT) It does not indicate the company name of the Financial Institution Does not indicate the legends on the risks that are not applicable to the product
According to the Condusef, the credit card is one of the most used financial instruments in Mexico; however, only 44% of cardholders use the plastic in optimal conditions (without paying interest), since they settle their total debt.
To decide which credit card to process, it is important to know the Total Annual Cost, an indicator that helps to compare the cost of credits, since it is integrated, in addition to the interest rate charged by the financial institution, for the commissions that are added to the cost. , such as: opening commission, research expenses and even insurance.
Now that you know which are the best and worst cards evaluated by the Condusef, you can apply for your credit card.
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