access one credit card when there is no liquidity on a special date, it is a great advantage. However, if you don’t make good use of itthey can cause various problems such as missing payments, increasing debt to unpayable levels and affecting your credit history.
Every credit card has characteristics according to the user’s profileso it is necessary to know and compare the commissionsthe interest ratethe Total Annual Cost (CAT), the benefits and insurance that each one offers, according to the National Commission for the Protection and Defense of Users of Financial Services (Condusef).
To have control over the consumption and credit card paymentsthe Condusef says that it is important to know variables such as the cut-off date, the payment deadline, the payment for not generating interest, the credit limit, the amount of the minimum payment, as well as the time it would take to settle the debt .
most of banks in Mexico charge abusive fees in exchange for this service, such as annuity fee, plastic replacement fee and commission for use of ATMs. But can you imagine a credit card without an annuity? So you should check this out.
The 5 best cards without annuity
these are the best credit cards without annuity in Mexicoaccording to the latest report presented by the Condusef in 2021.
1. More Banregio
It heads the top of the best credit cards, since it is a financial product that does not charge an annuity for life. In addition, it helps you pay your debts with cards from other banks. Transfer them to your Banregio Card and defer them up to 24 months. You’ll also get a 25 percent discount off your current interest rate.
2. My First BBVA Card
This card also offers the benefit of not paying an annuity for life. From the moment of delivery you can use it. Your purchases will be securely digitally signed and you will receive notifications regarding your movements. To obtain it you only need to be over 18 years old and have an income of 6 thousand pesos per month.
3. Basic Banorte
It is another of the credit cards without an annuity for life. In addition, you receive 10 months without interest for your first purchases. It has protection for up to 48 hours in case of theft or loss. You can make bank transactions from the Online Bank or the Banorte Móvil app.
4. Simplicity Citibanamex
This card is also without annual payment, although for you to have this benefit you must use it at least once a month. Another advantage is that you will have access to promotions, pre-sales and access to exclusive Citibanamex events. It does not have CVV printed on the plastic, for greater protection in case of theft or loss.
4. HSBC Zero
Like Simplicity, the HSBC Zero card is also a product with zero annual fees and zero commissions, the only condition on the part of the banking institution is that you use the credit card on a regular basis. The most important thing is that it does not charge you a commission for cash withdrawal.
It is available to users on the website www.condusef.gob.mx the Credit Card Catalogto know and compare the characteristics, benefits and cost of 120 credit cards in Mexico.
