Tips for using your credit card during the hot sale

The 2021 hot sale is just around the corner, so it may be the perfect opportunity to get all the items you need at a good discount.

This edition of the SaleOnline purchases in Mexico, which will run from May 23 to May 31 and will be available for Citibanamex cardholders from May 22, increased significantly due to the pandemic: they increased 81% in 2020 and reached a value of 316 billion Pesos According to AMVO data, that’s 9% of the country’s retail sector.

  • To know more: what and where will Mexicans buy this hot sale?
Tips for using your credit card during the hot sale
Tips for using your credit card during the hot sale

“The hot sale can be an ideal opportunity for users to get the items they need. To avoid impulsive purchases, it is important to identify our needs, analyze our budget, and compare options between different establishments. In addition, it is important to check the special offers offered by credit cards for these discount days, ”says Fernando“ Chacho ”García, growth manager at Coru’s financial studio.

If you are one of those people using your credit card to make purchases during this hot sale, Coru shares these 5 tips to make better use of them:

1. Know the benefits

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Paying by credit card on the hot sale can be beneficial because of the additional discounts brands can offer and the ability to defer payments. Check what promotions are offered by each bank and choose the one that works best for you. Take advantage of the best financing options with your cards and other financial services.

2. Beware of interest-free months

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If you want to take advantage of the hot sale offers, you need to consider various aspects related to purchases for months without interest. With this system, you can buy goods and services at the same price as if you had bought them in cash, but with a maturity of 6, 12, 18 or up to 48 months. However, this debt can increase if the minimum payment is not met to avoid generating interest, or if it is paid late. Always think about your deadline and payment deadline.

3. Buy on safe websites

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The shoppers using the hot sale need to verify that the places where they conduct their transactions are safe. The pages must start with https: // or shttp and have a padlock indicating that they have a security certificate. It is advisable to make purchases from your own computer or mobile phone to avoid entering your information on public computers. After purchasing, back up the seller’s details in case of complications.

4. Use a virtual card

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There are several advantages to buying with a virtual credit card: they are safer, the risk of fraud is reduced, they can be used to buy from almost any online business, and they can be subject to a maximum spending limit. In some cases, depending on the bank or digital card, using these products can bring some benefits such as bonuses or double points.

5. Compare the prices

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Define what you want to buy on this hot sale and compare prices, promotions and discounts in different stores before deciding on an option. Also, consider shipping costs and overall savings.

The forced transition to digital in the context of the COVID-19 pandemic has helped users become more confident about their online purchases. According to the Hot Sale 2021 Purchase Expectations Report, 9 out of 10 potential customers currently think it is safe to shop online.

The Hot Sale is an online sales campaign where thousands of companies offer discounts and payment options. This initiative, launched by the Mexican Association for Online Sales (AMVO), aims to promote e-commerce in our country and reactivate the economy in the context of the COVID-19 pandemic.

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