Overview
- Guides published Monday and Tuesday reiterated that the 'fecha de corte' is the day the bank closes your monthly transactions and the 'fecha límite de pago' is the last day to pay without penalty.
- Paying the full 'payment to avoid interest' by the due date stops interest from accruing and supports a stronger credit history with the Buró de Crédito.
- Making only the minimum keeps accounts current but sends most of your money to interest, so experts advise paying at least four times the minimum or one third of the balance when you cannot clear the full amount.
- Months Without Interest promotions let you spread the cost of big purchases but can become costly if you stack many offers or miss a payment, which cancels the promotion and triggers ordinary interest rates.
- Use your bank app to review every charge, report unknown transactions immediately, and set scheduled transfers well before the due date to avoid operational delays and late fees.