When you obtain a credit card, you assume agreements such as payment of membership. In this note we show you two legal alternatives to avoid being charged for this commission.
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The use of a credit card is beneficial for its users, as long as it is used responsibly. While it is true that it offers a series of benefits, in many cases this involves an additional payment called membership, a commission that for many people is excessive and they seek to avoid. However, there are two ways in which you can make use of this financial product and avoid charging this amount.
One of these alternatives is offered by some financial entities and the other was established in Superintendency of Banking, Insurance and AFP (SBS) with the purpose of regulating the actions of some banks. In this note we show you both alternatives
Can I avoid paying membership fees?
- The most common method to avoid paying membership is subject to the offer offered by each bank, that is, consuming a certain monthly amount during the 12 months of the year to avoid being charged the amount corresponding to this commission.
- Likewise, if at the time of obtaining your credit card you were not informed about the possibility of a minimum consumption to avoid payment and you usually use significant amounts monthly, you can contact your bank, since there are cases of clients of these entities who Given their long-standing relationship and frequent use of the entity’s products, a discount or exemption from this concept is applied.
Which financial institutions do not charge membership fees for credit cards?
Through SBS Resolution No. 1870-2020, the Superintendency of Banking, Insurance and AFP (SBS) approved regulations in 2020 that regulate the behavior of banking entities and offer at least one credit card that does not charge membership. Below, we show you a list of financial entities that offer this alternative:
- BBVA Bank: offers the Visa Zero and Fixed Fee credit card.
- Banco de Crédito del Perú (BCP): offers the account with the Visa Light credit card.
- Interbank: offers the Visa Access and Vea Privada credit cards.
- Scotiabank: offers the Visa No Membership credit card.
- Banco Pichincha: offers the Carsa Mastercard credit card.
- BanBif: offers the BanBif Zero Membership Visa credit card.
- Banco Falabella: offers the account with the CMR Visa Basic credit card.
- Ripley Bank: offers the Mastercard Basic credit card.
- Banco Azteca: offers the credit card called the Azteca Visa / Mastercard Card.
- GNB Bank: offers three cards: Platinum, Gold and Classic.
- Banco de Comercio: offers the classic Visa credit card without membership.
- Financial Oh: offers the Ceroh! credit card
- Cencosud Scotia: offers the Visa Simple credit card.
What is membership?
The annual membership It is a commission that is charged by financial institutions to manage the benefits offered by having your credit card. These can be miles, discounts on consumption, among other services provided to convince you to have their service.
Bachelor in Communication Sciences with a specialty in multiplatform journalism from the San Martín de Porres University (USMP). News Editor of the newspaper La República. Experience as an editor and production in other media and entertainment.
Source: Larepublica
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
