BBVA credit card: For this reason you would no longer have months without interest
In this Christmas season, interest-free monthly purchases are usually an excellent option for users, the bad news is that they could remove this payment option from the bbva credit card, that’s why in The Truth News We reveal everything you need to know about it.
According to financial analyst Jonathan Ruiz, governments want people to have less money to spend, which would put at risk the “months without interest” not only for the BBVA credit card, but also for other banking institutions.
“Banco de México that prints the pesos, but also at the Federal Reserve, which distributes the dollars. Both have been putting the brakes on buyers for a year. How? Raising their reference rates. An easy way to notice it is precisely that: Don’t you perceive that there are fewer promotions to months without interest? Be careful, do not confuse with deferred payments … “, he wrote in his column in El Financiero.
Why would they remove the months without interest?
Soon they could remove the months without interest on credit cards
According to the financial expert, now the banks are finding it difficult to keep the money, which is even why they are raising the interest rateso it is not convenient for them to continue with the promotions of “months without interest”, not even at the BBVA Blue cardone of the favorites of users.
“Banks like BBVA, Banorte and the rest now find it more difficult to use or have ‘saved’ money; they also have to pay more to some of you who have savings or investment accounts,” he said.
He recalled that the Bank of Mexico raised its annual rate up to 10.5 percentso giving rates below that could end up being a bad deal for them.
That is why those who want to buy a screen, a car or a house and require a loan must pay higher interest rates.
Remember that the scheme of months without interest allows you to buy products and services with the credit card in installments, but with the same price as if you had bought it in cash, in addition to the great difference between credit and debit card is that with the first you can buy even if at that moment you do not have the money to do it, because basically it is a “loan” that the bank grants you to buy, so without a doubt apply for a BBVA credit card can be a great option.
What happens if I don’t use my BBVA credit card?
You can check your balance in mobile banking
The credit card is a very useful financial instrument, especially if it is about the BBVA credit card without annuity, However, if you do not know how to use it or even if you stop using it, it can bring you some consequences such as the following:
- commissions will apply
- will be inactive
- You will miss out on the unique benefits of the card
- Credit capacity will decrease
It should be noted that these consequences are not the same in all cases, as it will depend a lot on the BBVA credit card you have and the benefits it provides.
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