From October we started in Mexico that time where all stores are adorned by those phrases that lead us all to buy. And it is tempting to see the sideboard with a “3, 6 and 9 months without interest” or “Take it up to 6 fixed monthly payments!”. Definitely if it makes one enter at least to see what it is (Finally you end up with the product packed and ready to take home, but that is another story). Between the two phrases that we have shown you before, there is a big difference can be the trigger between paying or not interest and borrowing or not. Can you distinguish it? Here we show you the difference between months without interest and fixed monthly payments . Two promotions that are usually accompanied in the showcases but that are not equal neither in operation nor in benefits.
Surely you’ve seen ads like these lately:
Well, these ads are intended to benefit two parties: The seller with your purchase and you with a better credit scheme . However, you should know how to distinguish the characteristics of both promotions to make a quality purchase in which you benefit most.
For that we leave you the difference between months without interest and fixed monthly payments . Analyze them in each of your purchases and choose the option that suits you.
This scheme indicates that you will pay the price of the product in its entirety but divided into partialities (As indicated by the promotion) without any additional charge for reasons of interest
As an example you can see the following:
Each month you must pay the stipulated payment, in case of delay, your bank will charge you an interest. Otherwise, you will end up paying the cost of the item as you saw it in the store. Some banks with these types of promotions are: Bancomer and Citibanamex
This scheme does involve interest and of course the amortization of capital. That is, the longer the term in which it is paid, the greater the final cost of the product. We leave you the following example:
As you can see, at the end of the day you would pay monthly payments of 1,000, so your product would cost you 1,000 pesos more expensive than what you saw in the store. This scheme should be used only when the product is actually needed immediately and cannot be liquidated instantly.
Some credit cards that these schemes can offer you are Rose Bank and Sandugo as well as other departmental cards .