If you are one of those who suffers to pay your credit card and you want to use another to pay it, we tell you in which cases it is convenient so that you do not get over-indebted.
“Today there are banks that do allow you to transfer debts to another credit card even with preferential rates,” Juan Carlos Cruz Tapia, a professor at the Commercial Banking School (EBC) and an expert in personal finance, said in an interview.
The specialist stressed that one of the most important points is to review the conditions so that when transferring the debt, from one bank to another, it grows less.
One of the disadvantages is that not all banks allow you to transfer these liabilities and that the credit limits may be more limited on the new card.
Why is it convenient to have a good credit history?
“In credit cards, having a good history opens the doors to better cards or conditions,” said the EBC specialist.
A good history also allows you to access better credits, for example, if you have a good behavior in your credit card, it is possible that when processing a car or mortgage loan you will be approved.