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Article: Mexico's Bancrecer Lowers Credit Card Interest Rate To 25 Percent.
- Article from:
- Internet Securities
- Article date:
- September 20, 2001
CopyrightCOPYRIGHT 2001 COMTEX News Network, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MEXICO CITY, Sep 20, 2001
Mexico's Bancrecer will charge credit card clients a fixed interest rate of 25 percent per year, if they transfer their balances to the Deferred Payment Plan, are current on their payments and have good credit histories, said Vice President Raul Triay. "The program of deferred payments is part of the line of credit cards, and through a telephone call, the client can transfer their balance to this plan and pay in three, six or 12 months with a fixed rate," he said. The banks other credit cards charge an interest rate of 36 percent, he said. Applicants for ...