# EP 55 - Tarjeta de crédito: ¿aliada o enemiga?

An episode of [Economics Data Podcast](https://invisiblenetwork.ai/podcast/1690287258), 19 Jun 2024, 30 min.

Audio: https://dts.podtrac.com/redirect.mp3/api.spreaker.com/download/episode/60436308/ecd_tarjeta_de_credito.mp3

Un episodio dedicado a un producto muy amado por muchos pero también odiado por otros: las tarjetas de crédito. Una herramienta financiera que te acompaña diario, en cada gasto, cada viaje, cada sueño y que puede crearte ahorro. Si sabes utilizarla, será por siempre una GRAN aliada 🤛🏼📊 Al final te contamos con nombre y apellido sobre algunas buenas tarjetas de crédito que puedes encontrar en R.D. Si quieres seguir aprendiendo de finanzas “con cucharitas” síguenos Instagram Youtube TikTok

## Transcript

[0:03] You are ready for the financial event that will change your life forever. Finally,
[0:08] the event you expected most, the most important financial event of the year,
[0:13] the financial fair with spoons, the appointments next Saturday 3rd or July or
[0:18] the Intercontinental Hotel, where we will have an agenda full of financial knowledge,
[0:23] talks and an interactive space where you can meet and request the best financial products.
[0:31] Buy your men' s MWWW Economic com lockers and welcome to Economics tattoo
[0:43] your finance podcast. Here we will speak lightly and sincerely of money, where
[0:48] together we will turn the difficult into easy and clear we will take our finances
[0:54] to another level. From now on, your numbers will be as if you
[0:58] ' ve never done this for a lecturing past, a healthy present, a
[1:03] promising future, and a grateful pocket. That' s why we' re
[1:07] following us on Instagram, Facebook, tiktok, Linkedin and Twitter. Arroba economista.
[1:11] Welcome to a new episode of economic dating your finance podcast. I am
[1:17] Laura and I Akuim and today we are going to talk about a cuckoo,
[1:21] but we want to change the name to that because we are faithful believers that
[1:27] everyone can save by carding and everyone should have credit cards that give them benefits
[1:33] according to their needs and tastes. I am a faithful believer that a person
[1:40] who does not have a credit card with benefits is losing money. Of course,
[1:45] that' s a load in his pocket that has a product in his
[1:49] wallet. There, literally, taking you out like an exact leech, doing
[1:55] nothing, winning you losing you dap is occupying spaces in that clear billet and
[2:00] besides, it has a cost. So, in our country, the cards
[2:05] I credit you with x or J are seen as a hook, a problem
[2:13] that is just wins the bank, that that so that I delude myself that
[2:16] I' m not so bad with the credit cards that and give me a
[2:21] credit card and raise the limit. I' m gonna blow it up.
[2:23] Then I' ll fuck it up. So, gentlemen, this episode is
[2:29] to dedicate you to this, to credit cards and to seeing credit cards as
[2:34] a hook and seeing them as an ally, which is really what they are
[2:38] a great ally. And for me many in Tiktoks say it' s not
[2:44] that they don' t generalize. Gentlemen, credit cards are a great ally.
[2:47] I mean, they contribute a lot to your exact financial management, which
[2:52] is not all of them, because those who have no benefit are not your
[2:54] ally. So, today we' re going to learn how to use them
[3:00] correctly, how people learn to use that cut- off date, that pay
[3:06] date that' s the cut- off balance, that' s the balance
[3:09] date, why you' re saying you' re an ally on what I
[3:15] benefit from credit cards. So, first of all, I gave a card
[3:21] and what that means. Well, first of all it doesn' t mean
[3:25] that you have to know that the turkey date is going to arrive yes or
[3:31] yes, but unlike if you make this payment, either with a debit card
[3:36] or with cash that the money comes instantly out of your pocket. With credit
[3:42] cards it offers us a benefit that for about fifty days I have a cup
[3:47] of zero percent, that is, for fifty days. I' m not
[3:52] getting paid for anything. That' s what they' re saying the bank
[3:54] ' s winning it. All that first fifty days is all right. Now,
[3:59] after those fifty days, if I don' t pay on time,
[4:02] this zero percent becomes sixty percent. And this is very important for you to
[4:10] understand, because here comes the traumas we come from maybe family members, which
[4:16] we see from our parents who say ah no that that bank beats that whole
[4:19] credit card. They' re a clear theft, because they don' t
[4:26] know how to use it properly and they hook up to that sixty percent they
[4:30] ' re funded by them. They do not pay on time and a debt
[4:31] of sixty percent is unsustainable for everyone, that is even for a person who
[4:34] is organized. Sixty percent debt can break that financial picture. So, first
[4:42] of all, we have to understand that credit cards if they are allied,
[4:45] but if we don' t pay it in time, we' re going
[4:48] to be doubting a very high rate and, apart from that it' s
[4:55] going to be affecting our credit score exactly. So I say everyone has obligations
[4:56] to their credit card. That' s not to live in automatic with a
[5:00] sales they chose for me and they gave me the ones that called me from
[5:04] the bank and I accepted and they chose my amount, my dates. Not
[5:10] then. What are the obligations you have with your number one credit card?
[5:14] You have to choose those limit amounts from your card. How much you want,
[5:18] both in pesos and dollars, you have to choose it. You also
[5:20] have to choose, obviously, your credit card, which is the main product
[5:24] with the benefit that you want to take advantage of, you have to choose
[5:29] the cut and pay dates that in our country, that is if you win
[5:32] the fifteen and thirty, like many people. Well, you' re looking
[5:35] for a credit card. I ask for a credit card that has a payment
[5:38] date maybe the sixteen or maybe the first day, so that you are already
[5:42] newly charged and you can make the payment immediately. You have another very important
[5:47] obligation and it is to confirm the benefits of that card, not only what
[5:53] are true, because we know that that is yes, or yes, that
[5:56] falls from the kill, but also that those benefits are coming to you,
[6:00] that that is promising you a refund of money to your card with each cut
[6:04] - off date, because that you are receiving it, that if they are
[6:09] offering you miles for consumption with that card, that they are raising the miles
[6:12] according to what you are consuming. Either the points or as it is called
[6:15] in any bank, because in each entity, in each association, there are
[6:19] different names for those easy points miles. In each one it is called different
[6:25] and Another obligation also has important credit card and it is the one that makes
[6:30] you the most weight is to pay the balance to the cut of that card.
[6:33] If that payment date came in and you didn' t pay that balance
[6:41] to the cut, you were a fan five percent less every month, five
[6:46] percent, five percent monthly hand. Gentlemen, that is, to have in
[6:48] context no investment in the stock market, it will give you a rate of
[6:54] sixty percent per year and much less than five percent per month. So,
[6:57] that' s why if you have credit card debts, that is yesterday you
[7:00] have to start paying it, start creating a savings plan to settle clean those
[7:04] cards and, from there, consciously use those credit cards. Understand that they
[7:13] are not an extra income, that is, that the payment date will arrive
[7:15] and that if we do not pay it, we will be in debt at
[7:20] a very high rate. Exactly, a lot of people will say good,
[7:25] but five percent. That' s why it' s nothing, because a
[7:27] personal loan is at twenty- five. I don' t know twenty-
[7:29] six. Dude, the personal loan is tight. It' s annual.
[7:32] Twenty- five twenty- six versus five percent of the card is monthly,
[7:36] which when we multiply it by twelve is sixty. Then what costs more,
[7:42] because the card costs more. Obviously, if you drive it wrong, you
[7:46] ' re going to have a hole in your pocket, but if you handle
[7:47] it well, you' re going to pay zero percent, as you said,
[7:53] and you' re also going to get money, benefits, miles of
[7:59] travel discounts, which is in the end, the good use you can be
[8:01] on your card. What are the examples of those benefits back at the supermarket
[8:05] is an expense that yes or yes you already have, that is, that
[8:09] every month you will incur to the supermarket. Imagine that if either you pay
[8:15] with cash or credit card, your debit card will have those expenses, yes
[8:18] or no one will take it away from you. Well imagine that I tell
[8:20] you ah I' ll give you more money for you to go to the
[8:26] supermarket, because with a credit card that will give you back in cash in
[8:30] supermarket, with generation. Yeah, that' s good to clear it up.
[8:33] He talks about the cash back, it' s not how it'
[8:35] s effective they' re going to talk to you, but they' re
[8:37] going to give it back to you on the card. What happens is that
[8:39] when you don' t do the exact cash back translation to sir. But
[8:41] you know that if we dive in here a word in English, we'
[8:46] re done. No. But just so they understand back to your credit card,
[8:50] yeah, I mean, they' re gonna pay it to your credit
[8:52] card. Then there are also cards that have benefits in gasoline fuel, in
[8:58] pharmacies, in electricity, in telecommunications, Madam the five couppa, in restaurants,
[9:05] that is, we are not only talking about essential expenses, but also
[9:09] secondary expenses. We have a credit card that goes well. Let' s
[9:15] hope it' s there at the fair, which gives you at the supermarket,
[9:20] that is, that everything is that if it is, but the one
[9:24] I was going to say about restaurants, let' s hope that I also
[9:30] used that it gives twenty percent back in cash, in restaurants, to return
[9:35] the card of evolution to the card that helps you to pay that same card,
[9:41] that is to say that it is a savings that you are creating and
[9:48] also in gasoline, which is an expense that we all have monthly. So
[9:50] what credit cards do you have to have? Well, evaluate that essential spending
[9:58] budget that we' ve already seen, I mean, I already have the
[10:01] supermarket spending, I have the pharmacy spending, and I have the fuel spending.
[10:05] There are three essential expenses, but I also have my travel goal,
[10:09] that travel goal is there. Yes or yes, I can have perfectly two
[10:15] credit cards, one for those essential expenses and one for that goal that I
[10:20] have to travel, that is, perfectly I can have two cards, one
[10:24] for those expenses, that yes, I do, I have every month and
[10:26] that I will be receiving money on my card for that and another that gives
[10:33] me travel benefits. What benefits of travel, as miles to air tickets,
[10:37] miles to rent a car, miles to hotels, gentlemen, that hotels are
[10:41] expensive. So imagine that you' re already using that travel credit card,
[10:46] because you already have miles that are going to get that cost out of that
[10:52] goal, that investment you' re making, that goal savings, because it
[10:56] ' s a little bit more relieved. Then let' s do a checklist.
[11:00] Everyone here listening, let' s get those notes off your cell phone
[11:03] that little leaf where you' re going to notice those things that you have
[11:07] to identify from IT or your family, depending on your financial outlook, so
[11:11] that you can identify what credit card you' re going to apply for.
[11:15] You need to know about your personal finances, what your fixed and essential expenses
[11:20] are, where your money is going. Month to month, true. There
[11:22] are people who don' t spend at a job supermarket because they' re
[11:24] at another stage of their lives, but there are people who are given most
[11:28] of their budget in a supermarket. How' s my case? Then of
[11:31] course evaluates this and there it is between very important. The best credit card
[11:33] for you is not the best credit card for me. I mean, imagine
[11:37] I still wish I was in my Goldingeurs. I don' t have that
[11:41] supermarket, but you have it and you tell me look. The best credit
[11:43] card is this because they give you a supermarket, but I' m not
[11:46] going to make this profit. We' re still on the chaklist side expenses,
[11:50] too, where my money goes. I go to restaurants, or I
[11:52] never go. Surprisingly, there are a lot of people that we asked you
[11:56] go restaurants, no. I never go to the restaurant, I never ask
[11:58] for delivery. Then there' s everything in this life. I have to
[12:01] identify where my money is, if in stores, specifically, if you understand
[12:05] online, a hundred gymnasiums and so on, expenses of your family, because
[12:11] it may be that you have children and maybe you don' t go to
[12:13] restaurants, but your children do and your son has an extension, or you
[12:16] lend him your card, then identify that? Your routines that you do,
[12:20] you go to the gym, you shop in stores that give you supplements and
[12:26] that there are also credit cards that give you discount on this, then identify
[12:31] this things of your preference. I' d rather go on a weekend with
[12:35] my family. I don' t prefer to go on a trip with my
[12:37] family. I prefer to go to concerts, to events at the movies.
[12:41] There are some that hit the movies. I also have online shopping, I
[12:45] buy at Amazon. There are some that have shopping on Amazon also exactly what
[12:50] things you have done in the last two or three years of your life,
[12:52] what is the dynamic family of girls aha and what you want to do in
[12:56] the short medium term In the long run, I want to catch a plane,
[13:01] but not for the United States. I want to catch him for Europe.
[13:01] Well, there are credit cards that make it easier for you to go
[13:05] to Europe, to versus America. So, already with this checklist, you
[13:09] can sit down and analyze ok that you need. And then let' s
[13:13] see the credit card offer that in the Dominican Republic there are so many.
[13:18] I can say that in our country, you got your hands on cards a
[13:22] long time ago, and you have had a spectacular offer of credit cards that
[13:28] we may compare with other markets, such as perhaps the European market, where
[13:33] they have a totally different mindset of credit cards and where it does not offer
[13:39] you all these good benefits. Well, then, we have a big advantage
[13:41] in our country and it' s taking advantage of those credit card offers that
[13:46] exist. So if right now you don' t have a credit card that
[13:48] gives you benefits, you know you have homework. You must first evaluate what
[13:54] expenses you have, yes or yes, what your goals are, and identify,
[14:01] as which credit card is most attached to you. So once you'
[14:05] ve done this lifting of ok I already know which credit card you have to
[14:11] evaluate, because you have to go to the rate of that financial institution and
[14:18] also evaluate the costs, I mean, it' s not just to evaluate
[14:22] the benefits that they offer you, whether it' s those expenses or that
[14:26] travel goal you have, but also how much it' s costing you to
[14:31] have that credit card on time, in that rate that you can publicly see
[14:35] it without being a customer of that financial institution, because you must evaluate the
[14:41] annual membership charge that you have for having that card every month. You have
[14:43] a hard time having that credit card, because you have to know how much
[14:46] that amount is. It' s very important that in that tariff you evaluate
[14:52] the partial charge. That' s what they' re gonna charge you every
[14:54] year, because there' s two charges, a total charge, which is
[15:00] the Virg agency on that credit card. Let' s say you get that
[15:01] credit card for four years, because there' s the total charge for those
[15:07] four years. But when you look at the partial charge, is that specifically
[15:11] what you' re going to be charged annually? And apart from this charge,
[15:16] you have to evaluate the insurance charge how much annually they' re gonna
[15:20] be charging me? For that insurance and add these two? And this is
[15:24] what this credit card will cost you if you pay on time, because here
[15:28] we said that to use the credit card as an ally we always have to
[15:33] pay it the date of the payment date, pay the balance to the cut.
[15:37] If you don' t pay it, then, apart from that beloved
[15:41] sixty percent per year that if we convert it to monthly, it' s
[15:45] five percent, both in pesos and dollars. Sir, so if you also
[15:48] have a credit card debt in dollars, it' s sixty percent that are
[15:50] charging you. So it needs to be settled as soon as possible. Apart
[15:56] from that, we have a Commission for default which is so well dependent on
[16:00] the credit card. How much they' re gonna charge you, commission overturn.
[16:04] Tell yourself if you go beyond that credit limit that you got that card,
[16:10] because they' re also gonna be charging you a fee. That is,
[16:11] it is very important for us to know our credit limit and not to
[16:18] go beyond this. And there are other charges that are also in this rate,
[16:22] which you can consult. But that' s if you don' t
[16:26] pay time. Here we already know that we all have to pay that credit
[16:30] card on time. Exactly then let' s make a statement. Everyone who
[16:33] ' s listening. Let' s commit ourselves first to looking good to checklist,
[16:40] search the rate, compare all this and, sir, commit yourself to
[16:44] be the one to choose your credit cards and all the details and benefits.
[16:48] That credit card you' re gonna take advantage of. Don' t let
[16:52] your friend sell you his credit card. Not that mine' s the best.
[16:56] That' s the best one for him, not the best one for
[17:00] you that the bank calls you looking, that I have an offer for being
[17:03] a good customer this card that I don' t. It' s not
[17:06] that it' s me that the son my card I seek, compare and
[17:11] as a user, I make the decision of what is the card that suits
[17:15] me then that statement. I think everything hearing goes well with what you need
[17:17] to do like this and to make good use of that credit card. We
[17:22] need to know what the cut- off date is and what the pay-
[17:26] off date is, because a lot of people say ah no. I'
[17:27] m fine with the card, because the payment on the cut- off date,
[17:32] but it' s not necessarily on this date that you have to make
[17:34] this payment. Let us not explain the difference between the cut- off date
[17:38] and the payment date. The cutoff date is when the financial institution makes a
[17:44] cut, a pause of everything you' ve consumed in the last thirty days.
[17:49] But it' s not here that the financial institution charges you for everything
[17:53] you' ve consumed in the last 30 years. No. No, no,
[17:56] no, no, but they give you twenty to twenty- four extra
[18:02] days for you to make that payment. That you consumed in those last thirty
[18:06] days, so if we add those thirty days plus those twenty- four days,
[18:11] that' s where it gives us the fifty days we were talking about
[18:14] at a zero percent rate. Now it passes the cut- off date,
[18:18] the twenty to twenty- four days passed that arrives to our beloved payment date.
[18:25] And on this payment date is that yes or yes, you have to
[18:29] make balance payments to the court so you don' t owe that sixty percent
[18:34] cup and you don' t get charged commission per default. So on the
[18:37] cut- off date, what payment do you have to make yes or yes,
[18:41] balance to cut? You' ll get another one on the internet banking,
[18:45] which is the balance sheet to date, but it would already correspond to
[18:49] the other payment date, then which one you do or do not have to
[18:52] do to debt the balance to the exact cut and in which I set the
[18:56] time for me to choose the best cards I have believed for me obviously,
[19:02] cost profit, right. That falls off the kill. But I also see
[19:04] if it' s double balance or if it' s multi- currency.
[19:07] In my case, I prefer double balance, but everyone has their opinion on
[19:11] it. I also notice the cut- off date and payment date and that
[19:14] I can adjust that date. I pay to the amount that the deadline that
[19:18] suits me when I receive income, right. And I also notice the limit
[19:23] amount, both in pesos and dollars, that this is something that you can
[19:27] also ask for and taking into account that one of the world' s recommendations
[19:33] for you to have a good credit score is not to consume more than thirty
[19:37] percent of the approved limit. It used to be fifty, then I go
[19:41] down to thirty, which really goes down a lot, true when one,
[19:45] when one throws a little number, it goes down a lot. But if
[19:48] you want a major loan, a mortgage loan, a vehicle loan, it
[19:52] ' s important to stick to this, not to consume more than thirty percent
[19:56] of that approved limit, so that score reflects that positive to your name.
[20:00] It doesn' t mean that if you consume 100 percent of the credit limit,
[20:06] because it' s bad ninety percent, but if you want to increase
[20:11] your credit score, because it' s ideal to stay at that thirty percent,
[20:15] and we recommend that if you haven' t ordered a credit card or
[20:19] a credit increase recently, you can request an increase in the credit limit to
[20:25] keep at thirty percent, not to keep consuming more. Or in case you
[20:30] have recently taken out a credit card, what you can do is that when
[20:34] you reach thirty percent, even if you have not reached the payment date,
[20:38] you make the payment and then continue consuming it with that credit card. But
[20:45] this is to keep at that thirty percent, which, as we said,
[20:48] is if we want to keep increasing our exact and good credit score on this
[20:53] topic, we can pull out five hundred thousand episodes. You know we have
[20:57] even workshops on this subject. I think so. Exactly, so, maybe
[21:02] before closing, we can give two names without real benefits and without costs,
[21:07] of credit cards from different lines so that people can go your real task and
[21:12] identify which credit card of these, because it suits them. So there'
[21:19] s disclaimer that we' re not saying that these are the best, but
[21:22] that people have to do homework, they have to evaluate. Nor are we
[21:26] saying that those are the ones that I have, not the ones that you
[21:30] have, because the whole world asks us which one is reeta, this credit
[21:33] you have believing are the best, but they are not the best, maybe
[21:36] for you, because you may not have the same expenses that I have.
[21:40] Exactly then there are credit cards based on family benefits, essential expenses. Mention
[21:48] me two, for example, I mention VH of prize and super cashback of
[21:53] vanesco that both are going to be at the fair exactly. It is very
[21:59] important on the 13th of July to have the fair where they will be able
[22:03] to compare in the profet square the credit cards with profit that we purify them.
[22:07] Of course, they have to take me. Don' t take a
[22:10] classic. No. No. No, no, no, no, no,
[22:11] no, no, no, no, no, no, no,
[22:11] no, no, no, no, no, no, no, no,
[22:11] no, no, no, no, no, no, no,
[22:11] no, no, no, no, no, no, no, no,
[22:11] no, no, no, no, no, no, no,
[22:11] no, no, no, no, no, no, no, no,
[22:11] no, no, no, no, no, no, no,
[22:11] no, no, no, no, no, no, no, no,
[22:11] no, no, no, no, no, no, no,
[22:11] no, no, no, no, no, no, no, no,
[22:11] no. No, no, no, no, no, no,
[22:11] no, no, no, no, no, no, no, no,
[22:11] no, no, no, no, no, no, no,
[22:11] no, no, no, no, no, no, no, no,
[22:11] no, no, no, no, no, no, no,
[22:11] no, no, no, no, no, no, no, no,
[22:11] no, no, no, no, no, no, no,
[22:11] no, no, no, no, no, no, no, no,
[22:11] no, no, no, no, no, no, no,
[22:11] no, no, no, no, no, no, no, no,
[22:11] no, no, no, no, no, no, no.
[22:11] No, no, no, no, no, no, no, no,
[22:11] no, no, no, no, no, no, no,
[22:11] no, no, no, no, no, no, no, no,
[22:11] no, no, no, no, no, no, no,
[22:11] no, no, no, no, no, no, no, no,
[22:11] no, no, no, no, no, no, no,
[22:11] no, no, no, no, no, no, no, no,
[22:11] no, no, no, no, no, no, no,
[22:11] no, no, no, no, no, no, no, no,
[22:11] no, no, no, no, no, no, no,
[22:11] no, no, no, no, no, no. No, no,
[22:11] no, no, no, no, no, no, no,
[22:11] no, no, no, no, no, no, no, no,
[22:11] no, no, no, no, no, no, no,
[22:11] no, no, no, no, no, no, no, no,
[22:11] no, no, no, no, no, no, no,
[22:11] no, no, no, no, no, no, no, no,
[22:11] no, no, no, no, no, no, no,
[22:11] no, no, no, no, no, no, no, no,
[22:11] no, no, no, no, no, no, no,
[22:11] no, no, no, no, no, no, no, no,
[22:11] no, no, no, no. Don' t carry the cards
[22:14] for profit. Exactly. There are also golden gears cards, as we say,
[22:18] for bone, for those gusticos, for that fun, for those people
[22:23] who are perhaps at another stage of their life and are the vimenga plus one
[22:29] and more two that they can compare. Each one has different benefits and also
[22:33] primes it a goal to aft very good alternative. Then we continue with varied
[22:40] cards that have some incentives as a card evolution, as a cashback point generation,
[22:47] as they also say in English, and here we can mention perhaps the
[22:52] quick and the exact infinia perfect. Then what are we missing our beloved trips
[23:00] and the favourites of many dear routes and not well, I will not tell
[23:03] you about us so that they have only travel. We have a trip,
[23:07] gentlemen, but it is one of our favourites and among them is the American
[23:11] Advantagh of The Scoacho, which not only has incentives for American Airlines, but
[23:19] also for allies of star alines and they will be at the very important fair
[23:25] and also the milage milage as it is said the thousande plus of popular is
[23:32] also an alternative to consider And there is a recent also of i Dios Tebanisco,
[23:41] it can be exactly evaluated, and also the exact Iberia for Europe and
[23:45] for the people who have company who also want that benefit, as Iberia is
[23:52] a credit card for legal persons so that with those expenses of the company we
[23:57] have, we also benefit from well- being. Well- being is the
[24:03] vh of woman, woman who recently and yes will also be in the faith
[24:08] who recently made an upgrade, they said look. We have to put our
[24:15] batteries on and have benefits in the living room and also included in purchases,
[24:23] online digital and we also know that that credit card is characterized by those insurances,
[24:30] not only for women, but also on a general level and for assistance
[24:36] in the home exactly, and also good bimenga. We already mentioned it,
[24:41] the bemenkm one, but it also falls into this category of gymnasium. Yes,
[24:45] because each one, while focusing mainly on the categories we are mentioning,
[24:49] has other benefits. So that' s why it' s important to compare
[24:53] for airports. They always ask us what' s best for airports. Gentlemen,
[24:59] I' m going to the ceral or the best airport cards. In
[25:02] the end they' re going to end up being the black ones that are
[25:06] the most expensive. You' re a loke like I say black in your
[25:10] wallet is a luxury if you want to give health, you can just have
[25:12] it. They are expensive cards that the main benefit, besides that there is
[25:17] prestige and that invite you to certain events and others, since they allow you
[25:21] to have a better status at the airport, greater comfort and so on.
[25:26] But if the truth is that they are expensive and also that with respect to
[25:33] that, the flag and the ones that they give at airport, we have
[25:37] to make a clarification with the miles, that is, that the miles do
[25:41] not yield the same on all credit cards, and I have realized that,
[25:44] contrasting the Dominican Republic market with that of the United States, that the miles
[25:48] yield completely different. So that' s another point that when you take out
[25:53] some credit cards that aside there are some that apart from those benefits, that
[25:59] they have back in cash, to your cards, because they also have points
[26:03] that you' re accumulating miles. But we have to understand how many give
[26:08] up those miles, because they don' t yield the same in all institutions.
[26:11] I have realized that in the United States miles give up a lot and
[26:15] here is not necessarily the case on all cards. So it' s good
[26:21] there, too. You ask a friend to have that credit card How'
[26:25] d it go with the miles? If your credit card already accumulates miles away,
[26:29] then rate how much you get for an air ticket. And so one
[26:33] compares exactly. We usually get a lot of mention from the Caribbean in Promérica.
[26:38] For the topic of the points you can also redeem to pay the same
[26:42] card, that is to say out there to compare them. And there are
[26:47] others that have temporary promotions that well, you can' t define from the
[26:52] first moment that you get them if you' re going to be taking advantage
[26:56] of it, because it has a cost that we already saw that those things
[27:00] are those things that we should evaluate. But it does mention the cards around.
[27:03] I keep you that they have promotions all year round and I really give
[27:07] fayt testimony that all year round they have juicy promotions as return and discount,
[27:14] perhaps for consumptions in schooling. Yeah, there' s a pretty high impact
[27:18] there. When important dates come, I gift you, they do a very
[27:22] good promotion also on certain dates of the year. They also put promotions for
[27:27] trips, for cruises, for hotels and so on. Then the ballonce is
[27:32] the same reserves. You may have some good promotions. It also takes out
[27:37] good promotions, so that' s already more uncertain to know how much profit
[27:41] you' re going to get. But if you already see that it is
[27:44] a credit card that has many promotions in itself, then there you can make
[27:48] a game, perhaps with another one that you have in essential expenses that you
[27:52] have. And, well, it' s come to the end of the
[27:56] episode. You cannot complain about us the truth, because here we have mentioned
[27:57] everything, besides the tricks of us, the thing we take into account,
[28:03] what you have to take into account, what you can do with your cards
[28:06] I credit you to change this mindset that cards are a hook so that cards
[28:10] are your ally. But in addition, we have mentioned brands, we have
[28:17] given examples and that is, there is no excuse to start a task,
[28:19] at least to start with Yes, yes, yes, of course because many
[28:22] people say no. No. Not that if I don' t get paid,
[28:23] I don' t promote it. We' re really educating you to
[28:27] follow your homework around and keep comparing and I can define what the card is,
[28:32] what else is attached to you or your family. And you know it
[28:37] ' s July 13th. We have an appointment at the Intercontinental Hotel, the
[28:41] financial fair, finance with spoons that, apart from being able to compare credit
[28:47] cards start the processes right there from many institutions, we will also have investments
[28:55] entertainment insurance pension fund, that is to say it is a point. Yeah,
[29:00] I love that you come out with the right credit card for yourself right
[29:02] there. Yeah, so there' s literally no excuse. This was like
[29:06] a prelude to you guys like going along with everything you need, you know,
[29:11] to use a credit card. And already on July 13, because you
[29:15] go in hand there with that expedited process of that excellent crek card, as
[29:18] we see each other in the next. I hope you' ve really taken
[29:23] advantage of this episode to share it so that someone else can take advantage of
[29:29] it too and we' re going to the fair. Bye.

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