Champion, pay attention: if it's the first time you choose to apply for a credit card, you should know that you are taking on a new responsibility. That's why we give you the 5 key tips to use it correctly and get the most out of it:
Do not get into debt if it is not necessary
If you can pay everything you consumed with your card at the end of the month, do it. But beware, in that case, do not ask for installments, ask to pay "without installments" or "normal". With those words. That way the payment will not be divided at the end of the month and you can pay the total.
Choose few installments
If you are going to make a purchase with your credit card and need to pay it off in several months, it is better to ask to buy it in "installments", that way you will organize yourself and know exactly how much you have to pay each month. But don't make it a thousand installments, of course, always try to make it the smallest possible number of installments without leaving you tight at the end of the month.
Pay more than the minimum amount
Always pay more than the minimum amount that appears on your statement, that way you will not make the debt longer and you will pay less in interest. Remember: paying only the minimum amount is only for emergencies when for some reason you couldn't afford more. Don't do it!
Do not withdraw cash
Another big mistake people make is withdrawing cash from their credit card. You should not do it because this action has a very high interest rate, it is a different rate than the one applied when you make a direct purchase with your credit card. If you need cash urgently, the best option is to opt for a personal loan, it will be cheaper than withdrawing it from your credit card.
A tip:
Request the virtual statement, that way they will not charge you the cost of physical delivery and you can download it yourself from the BCP website or application.
Do you want to find more tips?
Go to www.abcdelabanca.com
Remember that with the BCP Banking ABC, everything is easier to understand.
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