What are interest-free months and how do they work?
The Months without Interest is an offer that allows you to acquire products and services at a cash price, but in terms of 6, 12, 18 and even up to 48 months, without interest charges, that is, without a payment for the money financed or that a bank It lends you for a certain period of time, so that you can finance your purchases.
These promotions can be applied to bank and non-bank Credit Cards.
And although it is a tempting offer, it is important to point out that the monthly payment for buying in months without interest is added in addition to the minimum payment that is normally charged for a revolving loan, in such a way that the amount to be paid increases and in case of not being covered in addition to the minimum payment requested and that of the promotion, for the following month it will be added to the balance and will generate interest.
Therefore, when making your purchases under this scheme, take into account that, even when the payments for each purchase are made small, adding small installments can result in a very large figure when paying; Therefore, a recommendation from Condusef is better to consider direct discount promotions, which will save you a certain amount on the price of the item.