Annual Credit Interest
Can Be More Than 50%
Ever wonder shown many
different types of
credit cards are being
offered by financial
institutions in Costa
Rica? According to the
most recent study by the
Ministerio de Economía,
Industria y Comercio (MEIC),
the number is 346.
The MEIC study that was
done in May shows that
four credit card
products disappeared
from the market, while
eight new ones were
introduced.
Aval Card introduced
seven new Visa
international cards:
Paseo de las Flores,
Paseo de las Flores Oro,
Paseo de las Flores
Platino, Plaza Monte
General, Perimercados
and Perimercados Oro.
The credit cards with
the highest interest
rates are the BCT with
an annual rate of 50.4%,
followed by Visa Maxima
with a rate of 46.92%.
The cards with the
lowest interest rates on
the market at the Banco
Nacional Mastercard with
an annual rate of 18%
and Signature
Internacional del Banco
Cuscatlán at 20%.
Credomatic is the single
largest issuer of credit
cards with 81 different
types, followed by
Bancrédito with 46 and
Banco Nacional with 39,
according to the MEIC
study.
Scotiabank Offering
10% Cashback on Gasoline
Purchases
Competing for credit
card share of the
market, Scotiabank is
offering it "10%
cashback" promotion on
all purchases of
gasolines made with
their Visa or Mastercard
credit cards.
The bank is offering the
cashback on all credit
cards with the first six
numbers starting with:
441178, 473298, 489771,
493140, 493142, 493143,
424102, 424101, 513695,
526845, 44117809 and
493143.
The promotion is a 10%
cashback on all
purchases of gasoline
stations in Costa Rica
between May 1 and July
31. However, the maximum
cashback is limited to
¢15.000 colones each
month and open only to
customers who on average
use their cards to make
purchases of ¢25.000
colones or more at
merchants other than
gasoline stations. |
