What should we keep in mind when applying for a revolving card?

The monthly payment for the Deferred Payment (revolving)“” method is made up of principal and interest, so the smaller the fixed amount or percentage chosen for the monthly payment, the longer the loan repayment period. Allocating a smaller amount to repayment of the principal increases the final amount owed.

Additionally, this option allows your available credit limit to be automatically replenished each month, so you can continue to use it. To this end, please keep in mind that if you increase the number of transactions and continue paying the same monthly instalment amount, the repayment of the outstanding balance will take longer and will entail the payment of a high amount of interest.