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They are raising the limit on card purchases and giving more credit to consumers: all the announcements that Massa will make this Monday

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Economy Minister Sergio Massa will announce it this Monday new measures aimed at strengthening credit to the private sector and improvements to the regulatory framework, with the aim of supporting consumption, increasing investments and reducing drought-related damage.

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This was announced by sources from the Palacio de Hacienda the announcements will include a 30% increase in the amounts of credit card purchases he was born in 20% for one-off payment transactions. The margins on current account advances to MiPymes will also increase by 25%.

While, Those who pay by credit card will be able to finance their consumption with a higher limitboth in installments and in cash, the same sources detailed.

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These measures will mean an increase in credit available to households and businesses, the Economy Ministry said.

In the case of families, the advantage will come from greater access to credit on their credit cards.

One by one, Sergio Massa’s announcements

In this way, based on the numbers processed by the Ministry of the Economy, More than 20 million Argentines will be able to buy 30% morebecause for every $10,000 available for purchase in a payment, an additional $3,000 of availability will be added.

In the case of a family that You have $50,000 credit on your card. he will now have $65,000, according to calculations put forward by Palacio de Hacienda sources.

This increase will allow families to access the Ahora Plan12 to more goods.

The announcement will be made by Sergio Massa and will be this Monday at 18:00.

  • Purchase margins on credit card installments will increase by 30%.
  • will grow Margins of 25% on credit card purchases in one payment.
  • will increase to 25% margins on current account advances to MiPymes.
  • Those who pay by credit card will be able to finance their consumption with a higher limit, both in installments and in cash.

NS

Source: Clarin

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