Credit cards with the highest handling fees
Among the credit cards with the highest handling fees in Colombia are those of AV Villas stand out. According to data from the Financial Superintendency, as of April 30, This bank applies a quarterly advance fee that varies between $89,850 and $111,150. The highest rate is charged on Visa and Mastercard Platinum cards, reaching $111,150.
Also read: This is how you can avoid charging 4 x 1,000 in savings accounts: step by step
Other banks that apply this charge on a quarterly basis are Banco Caja Social SA, which varies between $76,750 and $92,400; Pichincha Bankwith a rate of $68,000 and $75,300 and Banco GNB Sudameris with a charge between $48,600 and $55,800These institutions follow a similar policy to that of AV Villas, accumulating several months of charges and, therefore, resulting in more expensive management fees.
Credit cards with the lowest handling fees
Bancolombiaon the other hand, offers a variety of cards with rates that range around $30,000 monthly, depending on the type of card (Classic, Gold, Platinum) and the payment network (Visa, Mastercard, American Express). The charges at Bancolombia vary between $26,650 and $35,190, and are paid one month in advance.
Of interest: Multiply your money: The 6 best investment platforms for Colombians
Among the options with the lowest handling fees are Finandina, Bancoomeva and Banco Agrario. The Davivienda Red Card stands out for its advance monthly fee of $20,000, being the most economical option on the market.