Rate this post If you are a credit card user and you want to be an individual that improves your economy 100%, you should already know that the annuity of a credit card has its advantages and disadvantages. If this is the first time you read about this term, I recommend that you continue reading so that you get out of the darkness of the financial sector and become illustrious with content that will be worth your money.
The annuity of a credit card is the cost you must pay annually for the use of your credit line Yes! You have to pay the bank for the fact that they give you a card of this style to meet 365 days. Regardless of whether you use it frequently or not, you have made important movements with that account or not.
The annuity is a recurring charge that the bank requests for the use of your credit line.
It should be noted that the cost will depend on the bank. It can be from 200 to 15 thousand pesos. Also, in case you can avoid paying the annuity payment, the bank will proceed to suspend the use of the card.
Having a credit card that handles annual payment leads to decisions that will benefit or harm your finances. As everything has an advantageous side but also some cons, here I present the disadvantages of this annuity so you can plan your finances in a better way:
Yes, and you can find that option by opting for basic credit cards. According to the Mahalko Bank, these cards were introduced in the market in 2010 and their purpose is to acquire goods and services, nothing more.
You will easily understand that it is not convenient for banks to offer these products and that is why you need to make sure if your bank can give you this alternative.
In addition to not paying the annuity, with these cards you can obtain a credit limit of up to 200 times the minimum wage in Mexico City; as well as the exclusion of additional data in the line of credit in your basic products.