Factors that allow comparison between credit cards

Do you know how to make a comparison between cards? When looking for a credit card, the customer must pay attention to all the details so that the choice is not only for the company that offers the highest credit limit, but for the one that offers conditions that are adapted to reality. the client's.

In addition, they can be very expensive and you will not be able to maintain them. So that you can make the best decision, we will now present what you should consider when comparison between cards.

Availability of cash in the comparison between cards

This method is widely used in Mexico, where the client has the opportunity to make a cash withdrawal using the card. In order for this transaction to be considered a purchase and the next invoice will be charged to the customer and it is also important to remember that there are fees to make a withdrawal using your credit card.

Cost - It is charged each time the customer withdraws money at an ATM, this amount is subsequently charged on the card bill. The rates vary between 3% and 9% of the amount withdrawn. In some countries, the rate does not exceed 1%.

Benefit - this service is offered by some credit card operators in Mexico. And the amount withdrawn can be paid in the following months. However, it is necessary for the client to be organized.

commissions

When making a comparison between cards, it is necessary to take into account that most card operators charge some type of commission. So, the more perks, the more cars the fees are charged. In Mexico, the most common are annuities and insurance against any type of fraud.

Annuity: You can find a card with this 400 MXN fee model for around 2000 MXN. It is important that the client investigate to find companies that offer this service in the market. So that the client is not surprised and knows how much he will have to pay for the service. Banco Bilbao Vizcaya Argentaria, and one of the institutions that allows its clients to postpone the annuity for a period of 3 months, helps the client to be able to settle their accounts.

Sure - It has a cost that varies between 50 and 1000 MXN plus Value Added Tax. The service is charged directly and monthly. The insurance is used to avoid the following situations:

• theft or loss;
• for unrecognized charges;
• and life insurance.

To select the right one, you have to evaluate and analyze different criteria. They are essential for your decision to be a success.

So when choosing your card, pay attention to the availability of cash (costs and benefits), whether there are annual fees and insurance charges. do the comparison between cards and make the best decision.