A few months ago the possibility sounded that the collection of the annual membership of the credit cards was exempt from payment, however the decision has not materialized to date, so if you are about to turn one year old With your credit card, read this note and learn more about this payment made by banks for the use of their cards .
What is the annual membership?
According to Good Finance, annual membership is a valid charge charged by banks. Basically it is justified by the use of these networks such as Master Card , Visa, etc.
Although it is an annoying charge for many users, the charge that will come for the membership is stipulated in the contract they signed when they acquired this service from the bank they joined. Always read what you sign to avoid surprises!
Membership payment may be waived
Although membership payment is mandatory, financial institutions allow their clients, under certain conditions, to be exempt from this type of payment. The common way to avoid charging membership is to make the minimum consumption of your credit cards. This is offered, especially with departmental cards .
We recommend you not to borrow and take advantage of your cards to pay for necessary things such as receipts and cancel the amount due as soon as you have the money available.
How much does the annual membership payment cost?
Prices vary according to the bank with which you have the credit card . The costs can range from S / 9.00 to S / 90.00. Said charge may also vary depending on the type of credit card you have.
They say that if you do not use the credit card you should not be charged the annual membership, this is NOT TRUE. If you do not use your credit card, the best thing you can do is cancel it, so you will not pay for a service that is not relevant to you.