Credit card purchases, advantages of financing purchases

Credit card purchases, advantages of financing purchases

Some expensive purchases will be easier to manage with a credit card because it will let you make payments over time. Find out more.

With the Después credit card you can pay for your purchases over time and make use of over 6,000 ATMsRequest information

It is sometimes difficult to pay for everything in one go. However, it is not always necessary to take out a loan, as there are other ways to finance purchases: credit card.

Banks generally offer you two different types of bank cards: a credit card and a debit card. Transactions performed using a debit card are immediately charged to the card holder’s account. However, by using a credit card you can pay for all the purchases made over the course of one month during the following month or spread payments over several months and pay interest or a deferral fee.

 Deferred payment by card

 Deferred payment by card

 

Credit card payments are made against the credit limit of the card. This means that purchases are not charged to the customer’s account immediately, but become payable the following month. By using a credit card, it is also possible to split payments for big ticket items into several installments and to use this deferral mechanism to manage your expenses more flexibly.

By using a card to defer payments you can manage your finances easily and without paperwork. When you purchase something over a certain amount (Euros 50), your card will indicate the expense in question and then, using either online banking or the bank application, you can simply decide to pay for it in one go or in different installments (which will involve paying fees or interest).

In this way, for example, you can finance the purchase of chance acquisitions, effect high payments or simply manage your current expenditure (these types of transactions are always against the card’s payment limit and entail the payment of fees and interest). It is also possible to take cash out on credit by withdrawing funds against the card’s credit limit at an ATM, which you will subsequently repay in installments.

Credit cards are also insured to protect you against unforeseen events. For example, in some cases your card can notify you about transactions in real time, offer you free insurance in the event you are held up at an ATM and protect you against potential fraudulent use of your card. New technologies also enable you to pay without swiping your card by using a “contactless” system and to access interesting programs that let you earn points on your expenditure. There are a whole range of advantages that justify using your card to make payments.

The Despúes card is BBVA’s credit card: pay for your purchases over time and make use of more than 6,000 ATMs: more information

Expenses, fees and the most common credit card conditions

Expenses, fees and the most common credit card conditions

 

Having said all that, perhaps the easiest way to illustrate the advantages of a credit card is to discuss a specific product in greater depth. In order to issue a credit card, a bank will usually demand that the card holder has a regular income and owns a bank account.

In BBVA’s particular case, customers who meet these two requirements can, for example, access a financing product such as the “BBVA Después Tarjeta ” [BBVA Later Card], which they can use to pay for goods in stores or withdraw cash from their credit account at ATMs worldwide. This specific card is highly flexible as regards repayments, as you can either defer payment for one month (in this instance, on day 5 of the month following the month in which the payment was made) or repay in easy installments. You also have the option to customize payments into the installments you choose (up to 36 monthly installments). There is even an option called “zero payment”, which allows you to defer payment into up to two monthly installments per year. One of the most notable costs of this specific product is, for example, an annual card ownership fee of €40. This annual fee can be waived if the cardholder meets the requirements of the “Adiós Comisiones” program [“Goodbye Fees” program]. For more information about this card, please go to BBVA’s website: BBVA.es. 

If you have chosen to repay purchases in full using your card, any purchases you have made with it will be debited to your account on day five of the following month. If you choose to withdraw funds on credit from BBVA ATMs, the bank will charge the relevant fee and interest. If you choose to defer payments you will pay either a fixed amount, or a percentage of the amount spent, as well as the relevant deferment interest. In summary, as a BBVA customer you can benefit from both a credit card and flexibility as regards paying for purchases.

Go to BBVA.es to see an overview of our different credit cards ranges and a description of the characteristics of each. The card comparison tool is a very useful means to find the best card for your requirements.

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Private accident insurance: These rates are recommended for children

Private Unfallversicherung: Diese Tarife sind für Kinder sinnvoll Dangers lurk everywhere

  • The statutory accident insurance does not pay for children after every accident.
  • It therefore makes sense for accidents during leisure time when parents secure their offspring with private accident insurance.
  • Which insurers offer the best price-performance ratio, shows a recent test of Focus-Money.

Whether on the road, at leisure or in the home – accidents happen constantly. Frequently affected people get away with the horror and minor injuries. But some accidents also lead to serious injuries and have long-term consequences . Since the statutory accident insurance does not pay in every case, the additional protection of a private accident insurance makes sense. “This also applies to children and adolescents,” writes the business magazine Focus-Money. Because with them permanent health restrictions can determine the whole life , if they can not learn a profession.

Why is private accident insurance useful for children?

Why is private accident insurance useful for children?

The statutory accident insurance jumps in children only for consequences of accidents that happen in kindergarten or school and on the way there and there. Tobt the offspring after the kindergarten in the garden and crashed there, he runs during a Sunday walk in front of a car or falls down the stairs at home, does not pay the statutory accident insurance usually.

But just when the accident has permanently damaged the health of the child, financial support for the parents is important . They receive this from a private accident insurance. For example, the insurer’s lump sum can be used to finance refurbishment measures so that the child can move as independently as possible within their own four walls.

Accident insurance for children in the test: What services are important?

Accident insurance for children in the test: What services are important?

Which private accident insurance is specifically recommended for children, Focus-Money has tested by the rating agencies Franke and Bornberg. The experts only considered tariffs that provide for certain minimum benefits. This includes, for example, that dislocations, strains and fractures are also covered, which result from increased exertion . By default, this is not covered by a private accident insurance.

Parents should also make sure that even infections are insured by an insect bite or a vaccine. Also for accidents under the influence of drugs should pay a good private accident insurance.

In addition, the testers advise to set the sum insured to at least 100,000 euros . Depending on how severely disabled the children are by the accident, the insurance pays a pro rata amount. Their height also depends on the agreed progression. The more serious the disability caused by an accident, the higher the payout. For example, in the event of total disability and a progression of 500 per cent, the insurance benefits increase to 500,000 euros.

Accident insurance in comparison: Many top rates for children

Accident insurance in comparison: Many top rates for children

Focus-Money’s accident insurance test is based on a 15-year model customer. The overall grade consists of 30 per cent of the contribution amount and 70 per cent of the assessment of the benefits. All rates offer a sum insured of 100,000 euros and a progression of 500 percent.

Of the 32 insurers surveyed, two have an excellent rating :

  • GMO – Tariff “Top VIT”
  • HanseMerkur – “Top with articulated taxi I”

Another twelve accident insurance companies achieve a very good rating in comparison, for example:

  • Domcura – “Top Protection”
  • Ammerländer – “Exclusive”
  • LBN – “Better +”
  • Ostangler Brandgilde – “Exclusive Fair Play”
  • VHV – “Exclusive”

All top rates offer an excellent or very good level of performance. The price, however, there are major differences . The annual fee for these offers varies between 61 and 109 euros. Parents should therefore check with the free rate calculator, which private accident insurance offers them the best value for money for the important protection of their child.

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