NewsWhore
08-13-2007, 04:30 PM
A report in the Listin Diario today highlights how plastic is quickly replacing cash and checks in the DR. There are an estimated 1,100,000 credit card users, up from 906,686 in 2005 and 723,228 in 2004.
The reporter mentions the downside is that consumers that do not pay on time are penalized with high interest rates. Likewise, frequently, those paying with the cards lose out on discounts and sales that may be available only to those paying cash. Credit card users pay banks RD$400 for standard cards, to RD$800 for the gold card and RD$1,200 for the platinum.
In addition to credit cards, debit cards are becoming increasingly popular with Dominican consumers.
More... (http://www.dr1.com/index.html#10)
The reporter mentions the downside is that consumers that do not pay on time are penalized with high interest rates. Likewise, frequently, those paying with the cards lose out on discounts and sales that may be available only to those paying cash. Credit card users pay banks RD$400 for standard cards, to RD$800 for the gold card and RD$1,200 for the platinum.
In addition to credit cards, debit cards are becoming increasingly popular with Dominican consumers.
More... (http://www.dr1.com/index.html#10)