Making a purchase in installments with no interest can be an excellent exercise for an intermediate user in managing a credit card, as it allows learning more about medium or long-term commitments. If you pay off your purchases in full and on time, interest-free months can be beneficial, maximizing the advantages of your credit card.
On the other hand, for businesses in general, this modality represents a significant incentive in sales, as the financing offered can influence customers' purchasing decisions, resulting in higher sales and benefits for establishments. It is common to see promotions during specific consumption periods, such as night sales or Buen Fin, where in addition to interest-free months, additional discounts, greater cashback, and other incentives are offered.
It is essential to keep in mind the disadvantages of interest-free months. Avoiding having many purchases on installments can affect your payment capacity and lead you to the risk of over-indebtedness. Although paying in interest-free months may seem attractive, one must consider the annual fees of the credit card and the long-term commitment acquired with the bank by opting for this modality.
If you are not a full payer, acquiring durable goods in interest-free months can be beneficial, as you will continue using the product after you have fully paid for it. This payment method can destabilize your finances if not managed properly, as monthly payments will be automatically canceled if not made punctually. Although paying in installments with no interest is convenient, it does not imply an additional discount and purchases must be settled within the chosen timeframe.
Credit cards offer benefits such as building credit history, optimally managing resources, making international purchases online, obtaining rewards and cashback, as well as interest-free financing for a certain period. Interest-free months allow financing a purchase in fixed monthly payments, without generating additional interest, over periods ranging from three to 24 monthly installments.
The Director of Financial Education at Banamex, Juan Luis Ordaz, pointed out that interest-free months are an attractive option, but it is essential to know both their advantages and disadvantages to make proper use of this payment modality.
