Using a credit card is an excellent step to start building a credit history so that applying for credit in the future is much easier. What you need to have a credit card is to have a good profile for financial institutions.
The best profile for a financial institution to issue a credit card is a person whose financial behavior is healthy. A healthy financial behavior means that the user of financial services does not have accumulated debts, does not handle too many credit cards, has a credit history in green numbers, has verifiable income, etc.
These types of customers are the most apt to receive a credit card, however, depending on the bank, there are some requirements to meet in order to have a card.
BASIC ELEMENTS FOR A CREDIT CARD
It is useful to consider the behavior of the bank with its customers when you want to have a credit cards at that bank. The Condusef has an index of claims where it has the total scores according to the highest probability of a claim, the treatment that the bank has with the client in the face of a claim, the probability of a resolution in your favor, the average time it takes to resolve, etc
The bank you choose will have its own terms and conditions for this financial product. It is important that you evaluate the offer of the institution; that is, what are the interests, the commissions for opening, the minimum verifiable income, the annuity, the provision of credit, theft or loss, etc. The basic requirements to apply for a credit card are but the basic requirements you need to have a card are:
- Being over 18 years.
- Credit history. This means that the person does not have arrears in the payment of their debts or overdraft of credits.
- Proof of income. Depending on the financial institution, there are banks that require a minimum income of 6,000 pesos up to 20,000 pesos.
- official identification.
- Proof of address.
RECOMMENDATIONS TO USE A CREDIT CARD PROPERLY
Having a credit card is an opportunity to purchase products or services immediately and comfortably pay at the end of the month or in installments, but the task becomes more complicated when these financial products are not used wisely and debts and interest begin to accumulate. For this reason, there are some recommendations to use a credit card properly.
- Pay bills on time to improve credit score.
- Be punctual on payment dates.
- Keep your credit card balance low compared to your available credit limit.
- Use only the number of credit cards you can handle.
- When you make a purchase with the card, make sure that it is in installments of months without interest and that this payment is not greater than the useful life of the purchase.
- Check the status of the account every month.
No comments yet