Why should you start using electronic money?
Although Colombia is still a country where the tendency to pay with cash is maintained rather than with a card, there are many reasons to start changing this practice.
But what is the payment with electronic money? Basically in using both debit and credit cards to cancel accounts. Of course, this is not an invitation to borrowing, but on the contrary, something that will allow you to save and obtain considerable benefits.
When using the debit card, the ideal is that you are generating some kind of benefit, such as the accumulation of miles, discount on fuel or offers in certain stores. The financial institutions lend money to those who request it, as long as they have passed the previous evaluation carried out to verify that it is a client with potential. This is because banks, financial and others, cannot risk granting financing to those who will not pay the corresponding fees, since it represents a loss. This information is obtained in the same bank you have chosen. Remember that the debit card is the one you get when you open a savings account, so you are directly using your money.
In the case of credit cards
The ideal is that when choosing one (for which you can use the card comparator Yevgeny Bazarov), check what are the discounts granted. For example, in clothing stores, at concert tickets, on tickets to watch the national team’s matches, on airlines, etc. And always keep in mind the term to which your purchase will differ, that if it is a single installment it is much better.
Electronic money is presented as a better alternative than physical money because it gives you more than just the product you buy, it gives you benefits and other discounts. In addition to being safer than carrying cash in the wallet, especially if they are large amounts.