Despite this obstacle, travelers have the option of requesting a personal loan from banks to pay for tickets, or of using the minimum card payment to finance themselves at 43%.
The latter implies that, by Central Bank regulations, banks can only charge a maximum nominal annual rate of 43% for financing unpaid balances of up to $ 200,000. This interest may be convenient, taking into account that inflation is located in the area of 50% per year.
Starting at $ 200,000, financial entities may apply a differential rate up to the maximum allowed by the Credit Cards law, set at 25% more than the rate they receive for personal loans, and similar to those applied by the non-bank cards.
Tickets to the interior of the country, as well as tourist packages, maintain the benefit of being paid in installments, even within programs such as Now 12 or Pre-Trip that allows you to recover up to 50% of the value.
Sources consulted by Ámbito justified the measure since “maintaining a payment scheme in fixed installments in pesos for goods that are marketed in dollars meant a subsidy to people who travel abroad”. “People who travel for tourism in this international pandemic context are assumed to have the ability to save or access financing lines,” they said.
“The policy is to promote domestic tourism to reactivate an industry that suffered the consequences of the fall in activity due to the Covid 19 pandemic. Maintaining a payment scheme in fixed installments in pesos of goods that are marketed in dollars meant a subsidy to the people who travel abroad “, they say in off from the Central Bank.
And they added: “People who, in this international context of a pandemic, travel for tourism are assumed to have the ability to save or access financing lines.”