Do you have income between ¢500,000 and ¢1.5 million? See the offer of credit cards in banking

Las banking entities in Costa Rica offer a wide variety of credit cards for their clients, with different benefits, balance limits and suitable for different income ranges.

The Nation consulted seven banking entities which credit cards they offer for people with incomes between ¢500,000 and ¢1.5 millionwith the purpose of mapping the offer of these products. At the time of going to press, only five responses were obtained.

Income of ¢500,000

At Banco Promerica they offer classic cards, where Credit limits start at $1,000. Bernal Alfaro Chaves, director of Personal Banking at Promerica, stated that you can find products from the Premia family.

For example, Premia Travel, which is aimed at customers who like to vacation, Premia Super, which is a card focused on home and purchases in any supermarket in the country and Premia Auto, which is focused on customers whose consumption is for the maintenance of their vehicle or motorcycle.

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All Promerica credit card products offer their customers the possibility of transferring purchases to 0% interest installments, loyalty program options focused on accumulate miles or points according to your interestsas well as different promotions and benefits throughout the year.

Banco Popular offers cards to this segment Gold Visa y Mastercard Gold, with a credit limit between $3.000 y $6.999according to the credit profile.

Kenneth Gutiérrez, head of Cards at Banco Popular, explained that among the benefits is purchase protection insurance and extended warranty on purchased items.accumulation and exchange of points for prizes, products or discounts and access to programs BP Zero Rate, BP Mini Installments y BP Balance Purchase.

At Banco de Costa Rica (BCR), clients with a minimum income of ¢500,000 can access the standard Mastercard product or the classic Visa product. The credit limit is based on the payment capacity.

The cards add one point for every dollar of consumption or its equivalent in colones, They have no membership fee, annuities or administrative expenses and They provide access to the BCR 0% Plan, with purchases in installments of three to 24 months without interest.

They also give the possibility of canceling balances from other cards without additional charges and access to the Boom BCR program, which provides exclusive discounts and promotions for customers.

While Davivienda offers Classic and Gold cards, whose credit limit is $500 to $2,500. Edwin Céspedes, director of Payment Methods of the entity, stated that the assignment of a credit card It does not depend solely on the salary range or income level of the applicantas they evaluate several factors, including individual payment capacity, credit history and level of debt.

The Classic is eligible for interest-free installment financing programs (“A Paguitos con Davivienda”) and loyalty, such as accumulation of miles for MileagePlus Classic and LifeMiles cards.

For those who have the product Davivienda FarmaValue Classicalso applies 10% of discount when purchasing at any Farmavalue or Value Laboratorios in the country.

For its part, the Davivienda Gold card offers superior benefits in accumulation and travel privileges, depending on the loyalty program to which the product belongs.

For example, free access for the regular customer to the Juan Santamaría VIP Lounge and the accumulation of ‘Davipoints’ or miles, special and welcome bonuses, as well as interest-free installment purchases (“A Paguitos with Davivienda”).

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Income of ¢750,000

At this income level, Promerica has gold credit cards available, with credit limits that They start at $2,500 and that have the benefits of zero-rated purchases, loyalty programs, among others.

In this segment, in addition to the previously mentioned Premia products, Promerica offers the card Gold Cupwith which the client can accumulate ConnectMiles miles on the airline Copa Airlines.

Banco Popular offers the cards Visa Platinum y Mastercard Platinum, with credit limits between $7.000 y $11.999. The product has points and loyalty programswith redemption in shops and services.

They also provide access to BP Zero Rate, Mini Installments and Balance Purchase services, as well as access to VIP lounges at airports, 24/7 concierge for reservations and personal arrangements, international medical assistance and Digital Doctor, purchase protection and extended warranty and exclusive websites with additional benefits.

In the BCR, for people with income of ¢750,000 up to ¢1.3 million it is possible to opt for the Gold card, both Visa and Mastercard. The credit limit depends on the payment capacity.

The product adds one point for every dollar of consumption or its equivalent in colones and gives access to all other benefits of the income range above, such as interest-free installment purchases.

For this segment, Davivienda offers the Gold Card (described in the previous section) and the Platinum, whose credit limits range from $2,500 to $5,000.

The latter provides an accumulation of points greater than the offer that the bank has in the previous income range, both in the program ‘Davipoints’ as in milesas well as higher special and welcome bonuses.

In addition, it grants free access for the regular customer to the Juan Santamaría VIP Lounge and the possibility of add additional cardholders for an additional charge and programs such as interest-free installment purchases, among other benefits.

Income of ¢1 million

In the case of Promerica, it offers the Platinum card, with Credit limits starting at $5,000 and that have benefits such as purchases with 0% interest installments, loyalty programs, among others.

As in the previous ones, there is the possibility of adding Premia Family products and Copa Airlines miles. In addition, the shared brand is added with the airline Iberia, which is aimed at customers who want to travel to Europe. With this product, The customer accumulates Avios miles from the Iberia Plus program.

At Banco Popular, the cards are the same as those in the previous range (Visa Platinum y Mastercard Platinum)with expanded benefits for those who travel frequently or seek personalized experiences.

The credit limit is between $7,000 and $11,999 and maintains the benefits of access to programs such as zero rate and mini installments, as well as the accumulation and exchange of points in allied businesses.

In the BCR, clients can obtain the product from the previous segment, since the limit is for those who have income up to ¢1.3 million, along with all the benefits that the entity offers.

For its part, Davivienda also offers the Platinum card for this segment, but with a higher limit, between $5,000 to $15,000. The benefits are the same, as they include access to the Juan Santamaría VIP room, loyalty and financing programs, among others.

Income of ¢1.5 million

In this higher income section, Promerica offers products Mastercard Black y Visa Emerald Infinite. The cards offer access to VIP lounges at airports both inside and outside of Costa Rica, Valet Parking in shopping centers, coverage for purchases in the country and abroad, as well as travel.

Banco Popular has high-end cards for this segment, which are the Visa Infinite y Mastercard Blackthe most exclusive products in its portfolio, according to Gutiérrez.

The credit limit ranges from $12,000 up to $25,000. Customers who have access to this card receive cumulative points and exclusive loyalty programs, international travel insurance, international medical assistance, BP Zero Rate, access to VIP lounges at airports, among others.

Meanwhile, the BCR indicated that people with incomes greater than ¢1.3 million or up to ¢1.75 million qualify for the platinum product, both Visa and Mastercard. The credit limit is based on the payment capacity.

There are also benefits such as zero rate and 1 point is accumulated for every dollar of consumption or its equivalent in colones. The Bank It does not charge membership, annuities or expenses on your credit cards.

The card provides access to the room Visa Infinite Lounge at Juan Santamaría airport twice a year at no additional cost and with unlimited room access Mastercard Lounge in that same air terminal. The product does not include guests.

In Davivienda they offer the card Infinite y Blackwhose limit is $15,000 to $25,000. The accumulation of points and the bonus is higher than those that the entity offers in the products of the previous segments in the ‘Davipuntos’ program.

The bonuses in the miles program are also better than in the previous section. In addition, the card gives access to the Infinite VIP Lounge for the cardholder plus two companions and to the Black VIP Lounge for the cardholder, without companions.

It also provides 10 access to more than 1,300 Infinite Priority Pass lounges and more than 1,000 Black Mastercard Airport Experiences worldwide. For the latter, the Black customer must register in the service provider’s application or website.

The Nation consulted the National Bank; However, they pointed out that the approval of a credit card depends on several factors, one of the main ones being the client’s ability to pay, but that this is not determined solely by the income level.

Given this, they do not assign a specific type of card based on income. The entity said that they have a variety of credit cards with limits that They start at $500.