Credit cards allow customers who do not have cash to have immediate money, thanks to the fact that the financial institution grants them a loan to pay.
With this line of credit, the client can make purchases in any part of the world, which is sometimes uncontrollable for customers who do not know how to handle more than two credit cards.
The main thing to have healthy finances is to know the limit of money that is available to pay the credit card monthly payment, without this exceeding the salary income of each consumer.
What mistakes do we make when using a credit card?
The National Commission for the Protection and Defense of Users of Financial Services (Condusef) shared some credit card mistakes and suggested avoiding them.
To think that it is extra money. Use it to plug holes in the budget. Pay only the minimum. Abusing purchases to months without interest. Pay monthly for non-durable goods (food, clothing, etc). Have more than two credit cards. Not knowing the commissions (for non-payment, for paying the minimum, annuities, etc.
When to pay monthly?
According to specialists, the strategy of paying in installments is recommended only in two cases: in the purchase of high-value products -when it exceeds a thousand pesos- and in the purchase of a large number of items that, together, can also raise the amount.
Making purchases of common payments such as gasoline, groceries and other similar expenses increases the monthly charges, so The ideal is to keep it with an active and functional balance, according to banking entities.
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