Plastic Money in Costa Rica: Report up to July 2013

Credit card debt grew by 1.5% to a total of $1.482 billion, while the number of cards in circulation up to July 31, 2013 was 1,731,673.

Thursday, October 3, 2013

A press release from the Ministry of Economy, Industry and Trade of Costa Rica reads:

The Ministry of Economy, Industry and Commerce (MEIC) through the Department of Economic and Market Research has conducted its latest study on debit and credit cards. The research found that the balance of debt associated with the use of the cards was $1.482 billion, representing an increase of 1.5% ($22.5 million) compared to the previous study. Also the number of cards in circulation up to July 31, 2013 was 1,731,673 cards, which represented an increase of 28,759 units (1.7%).

As for the number of debit cards in the hands of savers, there were 4,858,307 units, which represents a decrease of 42,242 units compared to the previous study, this is due to a decrease of 38,746 units by cardholders and 3,496 additional cards holders. The study was conducted from the information provided by financial entities, up to July 31 this year.



More on this topic

Market for Credit and Debit Cards in Costa Rica

June 2014

Up to April 30, 2014 the number of cards in circulation amounted to 1,764,609, 2% more than at the end of January of the same year.

From a press release issued by the Ministry of Economy, Industry and Trade of Costa Rica:

According to data from the latest survey by the Directorate of Economic and Market Research of the Ministry of Economy, Industry and Commerce (MEIC), defaults decreased by 3%, corresponding to a delay of payment over 90 days, compared to the previous study.

Credit and Debit Card Market in Costa Rica

January 2014

At the end of October 2013 the number of cards in circulation amounted to 1,723,306.

A press release from the Ministry of Economy, Industry and Trade of Costa Rica reads:

Costa Ricans owe in total $1,496 million in balances on credit cards, which is an increase of $21.5 million (1.46%) compared to the latest study by the Directorate of Economic and Market Research, according to the cut made up to October 31, 2013.

Costa Rica: Consumers Owe $ 1.173 Million in Credit Cards

March 2011

The Economy Ministry presented the quarterly survey on credit and debit cards, through October 2010.

Regarding credit cards during for this period, there were 29 issuers with 403 types of plastic.

If debt was distributed equally among the economically active population, it would represent a per capita debt of $ 837, which is almost double the minimum wage.

Costa Rica: Credit Cards Charge Up to 54%

December 2009

A MEIC study found that credit card issuers charge interest rates between 20% and 54%.

There are 27 issuers in the country, whom collectively offer 407 different products, according to the study by the Economy, Industry and Commerce Ministry (MEIC).

The most expensive credit cards are: Compra Facil, issued by Medio Pago (54% interest rate), Vista International issued by BCT (50.4%) and Master Card issued by Citi (49.32%).

 close (x)

Receive more news about Banking

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Heavy Equipment: Reps Wanted

Recognized Brazilian company of backhoe loaders, telescopic, articulated and other types of cranes looking for companies interested in representing the brand and distributing their machinery in Central America and Mexico.
The company manufactures and sells telescopic,...

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Nov 27)
Brent Crude Oil
48.300
Coffee "C"
124.25
Gold
1,787
Silver
22.68