We have passed March and now it is our turn to face the fourth month of the year, where we have the first payment of contributions. Many will also begin receiving their tax refunds. To better cover our expenses, we share our guide to campaigns and benefits for purchases in interest-free installments with credit cards from April 2024.
The first thing I must say is that although we have already had six consecutive cuts in the Central Bank’s Monetary Policy Rate (MPR), its impact on card interest rates has been limited (I would dare say almost zero). Only in the summer were greater facilities for education payments observed.
For April The campaigns of 3 interest-free installments are maintained with the cards of Banco de Chile, Bci, BICE, Coopeuch and Itaú. Since April 4, Banco Internacional also joined the 3 interest-free installments, maintaining its benefit of 7 installments. Instead, Scotiabank decided to condition its interest-free installments to having contracted the payment of salary to the current account, a strategy that it has been promoting in recent months also for its benefits program.
They follow the campaigns for the automotive sector, although in all cases it is with a preferential rate. Banco de Chile (13 to 36 installments, 0.99% monthly), Bci (18 to 48, 0.99%), Itaú (24 to 36, 0.95%) and BICE (25 to 48, 0.91% ). Meanwhile, in education, the International Bank has 10 interest-free installments, while the Bci and Chile offer a certain number of monthly payments with rates that are around 1% per month.
Installments without interest or with a preferential rate for April 2024
Below you will find the complete list of campaigns and promotions for purchases, payments and operations in interest-free installments or with preferential rates, for the most important credit cards in the personal segment in April 2024.
Always remember to verify and confirm the conditions and validity of each benefit directly with the bank or financial institution that issued your credit card.
IssuerCurrent campaignsBanco de Chile and Banco Edwards• All shops: 3 interest-free installments with Banco de Chile and Banco Edwards credit cards in all stores from April 1 to 30, 2024.
• Education: 6 to 12 installments with a preferential rate of 1.19% with Gold, Platinum and International cards, or a rate of 1.09% with Infinite, Signature and Black cards, in schools, kindergartens, nurseries, language schools, pre-university , universities, professional institutes and artistic academies.
• Automotive: 13 to 36 installments at a preferential rate of 0.99% monthly in automotive companies, purchase and sale of vehicles and motorcycles, tires, spare parts and accessories, until April 30.
• Travel Program Stores: 3, 6 or 12 installments without interest in Travel Duty, and 3, 6, 12 or 24 installments without interest in Travel Tienda
• Other campaigns in participating businessesSantander• Contributions: 3 interest-free installments in the payment of real estate contributions until April 30, 2024.
• Life credit cards: From 3 interest-free installments, according to the Life Merits accumulated by each client.
• Other campaigns in participating businesses and in card benefitsBanco Bci• All shops: 3 to 6 interest-free installments with Bci cards in all businesses (excludes taxes) until April 30, 2024.
• Automotive: 18 to 48 installments at a preferential rate of 0.99% in automotive businesses (cars or motorcycles, new or used). This campaign will be valid until April 30, 2024.
• Education: 7 to 12 installments with a preferential rate of 0.99% in schools, universities, institutes, CFT, kindergartens, etc. from April 1 to 30.Scotiabank• Tax refund benefit: 18 interest-free installments in all businesses for those who deposit their tax refund in their Scotia checking account. Valid from the day after the return, until June 30.
• Remuneration payment benefit: 3, 6 and 12 interest-free installments for those who have a Scotia checking account plan with remuneration payment.
• Other campaigns in participating businessesItaú
(excludes RappiCard)• All shops: 3 interest-free installments in all businesses from April 1 to 30, 2024.
• Automotive: 24 to 36 installments with a preferential rate of 0.95% in all automotive companies.
• Other campaigns in participating businessesState Bank• Health: 6 or 12 interest-free installments in the health sector (medical centers, clinics, hospitals, laboratories, exams and others related to health) until December 31, 2024.
• Other campaigns in participating businessesBICE Bank• All shops: 3 interest-free installments in all stores with Visa Gold, Platinum, Signature and Infinite credit cards from Banco BICE. Valid from April 1 to April 30, 2024.
• Automotive: 25 to 48 installments with a preferential rate of 0.91% in any car company using Banco BICE Visa credit cards during April 2024.
• Trips: 4 to 12 installments at a preferential rate of 0.99% with Banco BICE credit cards in April.Banco SecurityNo informationBanco Falabella (CMR Card)• No current campaigns
• Other campaigns in participating businessesBanco RipleyNo informationBci Leader Card• Walmart Supermarkets: 3 interest-free installments when paying with the Lider Bci credit card at Lider, Lider.cl, aCuenta and Central Mayorista supermarkets. Valid for purchases less than 50 UF.Cencosud Scotiabank Card• Cencosud Shops: 2 or 3 interest-free installments in Easy, Jumbo and Santa Isabel.
• Other campaigns in participating businessesConsortium Bank• All shops: 3 to 12 interest-free installments with Consorcio credit cards in businesses participating in Transbank until June 30, 2024.international Bank• All shops: 3 interest-free installments in all stores (from April 4 to 30) and 7 interest-free installments in all stores from April 1 to 30, 2024 with Classic, Gold and Black cards from Banco Internacional.
• Education: 10 interest-free installments in schools, universities, professional institutes, pre-university schools, nurseries and kindergartens with Mastercard Classic, Gold and Black Cards from Banco Internacional, from April 1 to 30.Coopeuch Mastercard• All shops: 3 interest-free installments with a Coopeuch Mastercard credit card in all stores from April 1 to 30, 2024. Also still valid
the promotion of 6 or 12 installments at a preferential rate of 1.99%.time• All shops: 3 interest-free installments with Tenpo credit card in all businesses from April 1 to 30, 2024. Interest-free installments with credit cards in April 2024.
You must know
• Each merchant can offer its own cash price installment (CPC) campaigns, even if your bank does not have a current campaign, which will depend on the contract with the acquirer or agreements.
• Purchases in installments are subject to the credit tax (Stamp Law, according to Decree Law 3475). This tax is the responsibility of the client.
• It is common for immediate charge purchases not to have the benefit of interest-free installments. Generally these are cash advances, taxes, casinos, racetracks and games of chance.
• If you do not pay the total amount billed on your credit card by the due date, your bank may charge you interest on the unpaid balance.
Important
The information in this note is referential and applies to natural person clients without a commercial line of business of each financial institution. Subsidiaries or business support companies (SAG) are excluded. The interest-free installment campaigns were consulted on the websites of each institution or directly to the entities on April 5 and 6, 2024. It is the responsibility of each client to verify the conditions and validity of the benefits directly with their issuer, without Chócale is not responsible for any intervention in this, nor in the subsequent attention that this demands. “All merchant” fee campaigns may exclude immediate charge transactions (taxes, casinos, gambling, cash advances, financial services, etc.). There are promotions limited to a specific acquirer, such as Transbank. Find out about the conditions of access to credit, validity of the campaigns, interest rates and commissions associated with your purchases with your issuer.
2024-04-06 22:15:43
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