Meanwhile, effective interest rate weighted average ranging from 22.4 percent to 42.5 percent.
The card with the lowest CAT is Gold Inbursa with 24.9 percent; while the highest is The Gold Elite Credit Card from American Express with 58.2 percent.
It follows the latest report from the Bank of Mexico and the National Commission for the Defense of Users of Financial Services (Condusef), in which it is stated that such statistics were developed based on customers not settled usually the total balance of your debt but are current on their payments.
The loans that offer this type of plastics ranging from 20,000 pesos from Santander to 47 thousand 600 of BBVA Bancomer.
The complete list of "Gold" or "equivalent and corresponding CAT cards is: IXE Gold 35.9 percent; UNI Santander 36 percent, 38.3 percent Oro Bancomer, Banamex Gold 41.2 percent, 41.3 percent Oro Banorte, Scotia Travel Oro gold 48.4 percent and 49 percent HSBC.
Condusef has a microsite where you can see up to 19 banks issuing credit cards, and depending on the monthly income, type of plastic (no income check, departmental, lower rate, etc).
You can also visit Calculator minimum payments, where the advantage of paying over the minimum to settle the debt and prevent various positions more expensive debt service explained.
Condusef argues that it is important to check the fees credit card, as there are many different concepts. These are detailed in the statement, so it is important to review it for what concepts represent charges on your card.
It should also be aware of the ordinary interest rate charged by the bank by total consumption made in a given period of time (approximately 28 days) and the rate of interest moratorium should not make the minimum payments on your card promptly.
It is important to know how a credit card and commissions to which it is subject, since this way you can use it properly and so avoid any unpleasant surprises works.
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