Latest Modification Date: 2/13/24
Banks, cards, payments, statements, and everything that involves the financial world can be a bit overwhelming when certain concepts, how it works, or what should be done are not clear.
Xpats introduces you to some important concepts about credit cards so that you can make good use of them and understand your statements.
What is the most important thing I should know?
The due date is the last date you have to pay what you owe or make the minimum payment.
The interest on your purchases is included in the total charges on the regular account and the payments for promotions with months without interest.
Minimum payment refers to the minimum amount to pay to keep your credit line up to date.
Statement date is the last day of the period that the bank considers to include the record of operations carried out in your account.
Credit limit is the total amount for which you can make purchases with your card.
Balance is the total amount you owe to the issuing institution of the credit card.
Regular account provides the details of movements that took place during the period; if you have an additional card, it offers the general details of both cards.
Promotions detail purchases made under the scheme of months without interest.
APR (Annual Percentage Rate) is a financial indicator established by the Bank of Mexico, which incorporates, in addition to the interest rate charged by the financial institution, opening credit commissions, insurance, research expenses, etc.
Take the time to understand each concept so that you can take advantage of the benefits of financial services and avoid the possibility of incurring charges or interest. Review every detail and choose your best option.
Get to know Xpats cards and join our community!
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XPATS is a cross border embedded finance platform designed to provide access to borderless financial and non financial products for Expatriates and Global Remote Workers.
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XPATS is a cross border embedded finance platform designed to provide access to borderless financial and non financial products for Expatriates and Global Remote Workers.
Keep updated. Get Priority Access
Statements and credit cards
February 13, 2024
Adriana B. Castrejón
Statements and credit cards
February 13, 2024
Adriana B. Castrejón
Banks, cards, payments, statements, and everything that involves the financial world can be a bit overwhelming when certain concepts, how it works, or what should be done are not clear.
Xpats introduces you to some important concepts about credit cards so that you can make good use of them and understand your statements.
What is the most important thing I should know?
The due date is the last date you have to pay what you owe or make the minimum payment.
The interest on your purchases is included in the total charges on the regular account and the payments for promotions with months without interest.
Minimum payment refers to the minimum amount to pay to keep your credit line up to date.
Statement date is the last day of the period that the bank considers to include the record of operations carried out in your account.
Latest Modification Date: 2/13/24
Credit limit is the total amount for which you can make purchases with your card.
Balance is the total amount you owe to the issuing institution of the credit card.
Regular account provides the details of movements that took place during the period; if you have an additional card, it offers the general details of both cards.
Promotions detail purchases made under the scheme of months without interest.
APR (Annual Percentage Rate) is a financial indicator established by the Bank of Mexico, which incorporates, in addition to the interest rate charged by the financial institution, opening credit commissions, insurance, research expenses, etc.
Take the time to understand each concept so that you can take advantage of the benefits of financial services and avoid the possibility of incurring charges or interest. Review every detail and choose your best option.
Get to know Xpats cards and join our community!
