Whenever a new credit card invoice arrives you hold your breath, close your eyes and pray? This text is not to go through this suffocation and know all the values ​​that are charged

What does that blouse bought earlier this month, the portion of home furniture and the gift of the nephew have in common?

They are all that we pay on the card, we forget and then come back in the invoice, at the end of the month to haunt us. Therefore, it is very important to understand exactly how credit card payment works, what is being charged and what are existing fees and taxes.

Let's go?

Understanding the credit card bill

The invoice is the document that brings together all the purchases you made using the credit card within 1 month. More precisely from the day of closing your previous invoice to the card's turn date.

To understand more simply, let's think of the open invoice as something you fill until the closing date.

It doesn't matter if you get your invoice by email, in your bank app or physically at home, there will always be a large amount of information contained in this document.

See an example:

What is the information I find on my invoice?

→ place where the purchase was made (be it physical store or website);

→ Date of purchase;

→ Number of installments (and the respective installment number that is being charged in this invoice);

→ Total purchase value;

→ Invoice due date: This is the deadline for payment. If the invoice is not paid to this date, the financial institution that issued the card may start charging so -called default interest, on the amount open and with gradual increase according to the days of delay;

→ Total invoice value: sum of purchases made in that given period;

→ Minimum Payment: The minimum amount that must be paid, in case of non -possibility of total payment. But remember, opting for this minimum payment, you will enter those not friendly revolving interest (link);

→ Installments to win: This is a proposal offered to install the total amount of the invoice. But here is the same thing: interest will also accompany you with this option.

What are the charges, fees and interest I can pay on my invoice?

Rotary: This is perhaps the best known (and most dangerous) payment. This mode of credit is charged when the total amount of the invoice amount is made (ie the minimum payment we mentioned above) and may exceed 300% per year. To escape this bored, read our full text on the subject.

Annuity: This is the fee paid for the use of the card. It is usually charged automatically. Payment can be monthly, divided into installments or annual, in cash. Remember that you can contact your bank or card broadcaster to try to negotiate the amount you pay today in annuity.

IOF: If you have made purchases outside Brazil, or on international websites, you will pay beyond the value of your purchases, the financial transactions tax (IOF). This tax also applies in cases of currency and insurance exchange operations.

Emergency Credit Evaluation: We have already talked about the importance of knowing the limit of your card and more than that is a value that does not compromise other items of your budget. But in emergency situations, when the limit is burst, you can get an extra balance with your bank or card station. CAUTION: This request implies the payment of fees that vary according to the flag, annuity and other factors, charged on your invoice.

Tariff for looting with credit card: Making withdrawals using the credit card can be tempting if you need money with some urgency. Know that for this, rates and interest will also be charged that can make your invoice even higher.

Paying house bills on the card increases my invoice?

Few people know, but it is possible to pay home bills, such as electricity and water, using the credit card! These accounts may not be addressed to a legal entity (company) or a third party.

But it is good to know: banks charge various fees to make this type of payment, the amounts range from $ 7, and can exceed 20 reais. Put all these expenses on the tip of the pencil to know if it pays financially.

What to do not to curl me with the credit card bill?

Knowing your budget will always be the best tip we can give you! Doing this you avoid being caught by surprise and ending in default.

If in a given month things get away from your control, try to pay off as soon as possible the values ​​that are open (think for example, the possibility of using your emergency reserve for this), so you also avoid the growth of interest more high market, on top of the amount to be paid.