Credit Cards with Lower Growth in Costa Rica

The balance of credit cards increased by 44% in 2008 but it is only expected to grow by half in 2009.

Monday, March 9, 2009

The different credit card companies are preparing for a year of lower growth relative to 2008.

According to the article in, the economic crisis and unemployment have led issuers to take steps to avoid increases in delinquencies, which include: "Being more careful in issuing new cards, tightening the analysis of the customer's capacity to pay, offering to buy credit card balances, making payment arrangements, agreeing to raise the minimum earning level and lowering the amount of indebtedness."

More on this topic

Interest Rates on Credit Cards in Costa Rica

December 2012

A study by the Economy Ministry reveals significant differences in the interest rates charged by credit card issuers.

A statement from the Ministry of Economy, Industry and Commerce (MEIC) reads:

Survey of Credit and Debit Cards

Significant differences have been identified in interest rates charged by credit card issuers

Credit Card Balance Transfers

July 2012

Costa Rican banks have resumed the purchase of balances and debt consolidation on credit cards with lower interest rates.

With this operation, customers can pay off debts owed to other credit card issuers and have them reassigned to a single card with a lower interest rate, reducing monthly payments.

Credit Cards Anticipate Deceleration in Guatemala

April 2009

Faced with the crisis, issuers see young people and the lower middle class socioeconomic level (C / D) as vulnerable.

In 2009, the Guatemalan credit card sector will have difficulty sustaining the 15% to 20% growth it has maintained in the last few years. This growth led the industry to reach more than 1 million customers, a portfolio of $751 million and revenue of $220 million in 2008.

$1.1 billion in credit card transactions in Honduras

January 2009

With a total of 600,000 card holders, credit cards are one of the financial products that has experienced the most growth. reports: "Maria Lidya Solano, executive director of the Honduran Association of Banking Institution (Ahiba), revealed yesterday that the balance of the personal banking portfolio - credit cards - totaled $1.1 billion (21.2 billion lempiras) on August 31, 2008.

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