by Rod Hughes
They come in gold, platinum and other colors and they offer glittering promises of ease of payment and low interest.
A study by the Ministry of Economy reported today the daily La Nación revealed that Costa Ricans have a bewildering variety of 350 credit cards to choose from, 13 new ones in the past three months. Credomatic is the biggest generator of cards with 77 separate types. A little over half (156) will charge you for renewing the card after the first year and the lowest interest is 19.75%.
In fact 92 will charge you for signing up for the card in the first place. American Express (a Credomatic card) charges the highest, $200, for signing up.
Obviously, to save money, some shopping is required…