Card installment payment has a commission

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1. Interest for split payment
As we told you before, the YOU Card operates under two payment methods: full payment and in installments . The first is the most commonly used, since in this case no interest rate applies. This means that you have to make the full payment for all purchases made within a billing period.

With installment payments, you can iceland phone number library decide how much you want to pay each month. This is beneficial in case your finances are compromised at some point and you cannot pay the total of the expenses made with the card. In fact, it is a modality that is widely used in countries such as Argentina, where people tend to pay credit card expenses in installments, in order to make their money go further. Now, you should know that in this case, commissions do apply.

The YOU of 19.92% (21.84% APR). These numbers reflect the financial costs associated with using the card in annual terms, so it includes not only the nominal interest rate, but also other related fees and expenses. Therefore, if you choose this option you will end up paying a higher amount than the initial purchase, but with the convenience of not having to put all the money in at once, which can be useful if it is a large purchase. In any case, these are ways of managing money that each person can choose based on what they think is most convenient.

Returning to the full payment with the You Card . If you are going to opt for this option, you must take into account that the billing cycle closes on the 15th of each month and that payment is scheduled for the second business day of the following month. However, in case you cannot do so, you have the option of postponing payment for up to a maximum of seven weeks.