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During the last quarter the use of credit cards increased 6.3%Meanwhile, in March, consumption with dollar credit cards, decreased 11.6% compared to the previous month, while carriers of plastics expect a credit limit update to increase your credit purchases in one or more installments,
According to a report by First Capital Group, At the end of March, operations with plastics reached $1,344,034 million, which means a increase of 5.7% compared to the end of last monththat is to say around $72,530 million above February and the expected inflation.
However, the interannual growth reached 39.3% and that of the last quarter of 6.3%, values below the inflation of both periods.
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“In February, the start of the school term surely brought a correlate in the increase in the balances of this item. During this time of year, it also sUpdates are expected in credit limits for cardholders by Financial Institutions, this will allow consumers to increase purchases on credit in one or more installments.
The increase in the active rate that began to govern in March 2022, taking them from 43 to 49%, favored the maintenance of installment plans with and without interest”, he assured. William Barbersocio de First Capital Group
The operations with credit cards in dollars registered a year-on-year increase of 151.1%, although with an irregular monthly behavior. During the first three months of the year, it was increased by 51.4%.
“The reactivation of trips abroad As a result of the fall of many of the restrictions imposed by the pandemic, they originate theshare of consumption in foreign currency. However, we must highlight that the balances reached today are well below those reached in the years prior to the appearance of COVID-19, when monthly stocks reached US$600 million,” concluded Barbero.
RM / LR
