What Are Lines Parallel To Credit Cards?



Parallel lines to credit cards allow an instant increase in available capital. They are credits that are easily obtained, and are ideal to face emergency situations.

 

Parallel lines to credit cards

Parallel lines to credit cards

offer the possibility of easily acquiring additional financing. These loans are granted in parallel to the financing of credit cards, without generating surcharges on them. Generally, the loan amount corresponds to 100% of the maximum amount of credit card financing.

Parallel lines to credit cards are not an increase in the amount of financing of these credit instruments. They are loans that are managed independently of it, with their own interest rates and payment terms. In fact, a parallel line grants the loan money as a capital deposit in a bank account. And not as a credit limit, as in the case of the credit card.

To understand how this credit works, suppose you have a credit card with a maximum amount of $ 5,000 MX pesos. You have consumed $ 1,000 pesos MX, so you still have a credit of $ 4,000 pesos MX. If you receive a parallel line for 5,000 MX pesos, you will still have the $ 4,000 MX credit on your card.

 

Advantages of lines parallel to credit cards

parallel to credit cards

These credits are a great option to cover emergency situations as they are granted quickly and with little formality. As they do not affect the credit line of your card, the latter is still available to deal with the situation. If you look at the previous example, you will see that the capital available via loans is $ 9,000 pesos in total.

These credits usually have a comfortable payment term that varies between 6 and 48 months. You can generally repay the loan capital with extraordinary contributions, in order to reduce the interest payment. Call us now!

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