The customers of BBVA and Banamex They should be very attentive to the use they give to their credit card Well, these banks warn about the dangers that overdrawing these financial tools could bring. Find out what happens when you get to exceed he limit in your shopping and what are the steps to follow to clean up the situation in case you find yourself in this situation that puts your finances at risk.
Although one credit card It can be a great ally for people, it can also be a double-edged sword for your finances because, exceed he limit of what the banks lend you could be very harmful. That is why it is important to know the details why, BBVA and Banamex warn to their customers who have committed this bad practice when carrying out their shopping.
The overdraft in cards of credit It is a practice that involves spending more than what is available in the credit limit assigned by the bank. Although it may be tempting to use this resource in times of financial need, both Banamex as BBVA have highlighted that the exceed he limit carries a number of risks and additional costs that can be detrimental to cardholders.
BBVA and Banamex warn their clients for exceeding the credit card limit
The first consequence of exceed he limit in the credit card why warn BBVA and Banamex, it will be a very expensive statement. This, coupled with the interest for having overdrawn this financial tool, could practically turn the account statement that ends up being sent to the dreaded 'Credit Bureau' into an unpayable debt. That is why you should carefully review your payment capacity before accepting new credit.
To the exceed he limit of established credit, the holders of Credit cards They run the risk of accumulating debt that may be difficult to pay, especially if high interest rates are applied to the outstanding balance. Additionally, the overdraft can have long-term repercussions on the credit rating of the borrowers. customers.
Another important aspect pointed out by Banamex and BBVA is the additional cost associated with the exceed he limit in the Credit cards. When a customer incurs an overdraft, the bank usually charges a fee for this service, in addition to applying interest rates on the negative balance. These additional costs can add up quickly and make debt even more difficult to manage.