The Secretary of Domestic Trade renewed from this Friday and until January 31, 2023 the program now 12financing the purchase of goods and services with a credit card, which includes 30 items of products and services produced and marketed with Argentine labor, through the Resolution 499/2022 published in the Official Gazette.
This program, launched in September 2014, aims to promote the consumption of domestically produced goods and servicesthrough making purchases with a credit card, in 3, 6, 12, 18 and 24 installments and with a lower rate than the market rate.
The program works seven days a week, and all products and services can be purchased online and at participating stores throughout the country, which must display the official logo for consumers to know.
Between the items The most important items included in the program are appliances, appliances, computers, notebooks and tablets, mattresses, furniture, construction materials and tools, bicycles, clothing and footwear.
With 24.9 million purchases, the program registered operations for $411,677 million from January to April with an average ticket of $17,585; and, among the best-selling items, are clothing, appliances and construction materials.
According to the Prisma Means of Payment Index for the first quarter of 2022, 57% of purchases financed in installments were made with the different Now modalities.
In addition, $1 out of every $4 of the volume of operations with credit cards between January and March corresponded to purchases with plans Now, specified the same indicator.
Through the rsolution 490/2022signed by the Secretary of Domestic Trade, Guillermo Hang, it was established ten days ago that the Annual Nominal Rate (TNA) for payments in 3, 6 and 12 fixed installments is 42%, while for 18 and 24 fixed installments it represents 49%.
This adaptation responds to the growth that the Now 12 Program has had and in view of its sustainability in accordance with the recent evolution of the monetary policy rates of the Central Bank of the Argentine Republic (BCRA) and the National State’s policy of tending to the harmonization of interest rates, was clarified.
