Understanding the credit card's FIN is essential when purchasing the financial product. Access to it is guaranteed by laws and the Bank of Portugal.

The FIN corresponds to the Standardized Information Sheet and is a document that brings together a series of relevant information about transactions.

This document is like a summary of the credit contract. It informs fees and interest, contractor and contractor and conditions that apply to the transaction.

Therefore, the document also indicates all the rules that apply to the transaction and what the penalties are for violating them.

This way, the financial services contractor now has all the relevant data about them at hand.

The credit card FIN clarifies and formalizes the rules that will define the relationship. For example, it will indicate whether fees are waived or what they are, fees, commissions, etc.

There is several information present in this document. These include amounts of repayment commissions, TAN interest and APR.

Also, the MTIC, which is the Total Amount Imputed to the Consumer (MTIC), which indicates all your expenses with the product. 

Other information contained in the document includes possible additional fees, as well as interest charged in the event of late payment of the invoice.

The credit card FIN also provides information on how to resolve conflicts (such as predicting default). 

The credit card FIN must be informed to the consumer after their approval for that product. That is, before signing the contract.

It is as if he received, before the final act (signing of the contract), a summary with all the information about how the financial product works and the applicable rules.

There is a variety of information that makes up the Standardized Information Sheet and, therefore, it is important to know how to interpret it.

This first information refers to the identification of the bank that grants the card. This way, your name, address and contact will be there. This way, you can include credit intermediary information, if any.

The next information in the credit card's FIN is about the product's characteristics. Thus, it brings the following data:

Continuing with the credit card FIN information, we also have the credit cost. Rates, tariffs and other relevant data will be available here.

Check out some of them:

The credit card FIN also provides information on legal issues. See some:

Many people confuse FIN and FINE and understand them as synonyms. However, they are not equivalent.

While FIN is the Standardized Information Sheet, FINE is the European Standardized Information Sheet.

Furthermore, FIN is related to consumer credit (personal credit, automobile, credit card), FINE focuses on housing credit.

Despite this difference, both have the same function: informing details about the credit proposal. Thus, they gather information on all important aspects.

No! The FIN is an information sheet and therefore serves informative purposes. Of course, the contract will be based on this data and will repeat it, however they are different things.

FIN is granted before the contract is signed. However, it serves as final information to the customer before he actually signs the credit agreement.

Therefore, note that you can cancel the contract when obtaining the credit card FIN. Likewise, you can compare it to the conditions of other cards on the market.

Finally, be sure to check out the importance of the Standardized Information Sheet below! So, find out why analyzing the document and how it helps you.

Firstly, the credit card FIN is important as it gathers information relevant to contracting the financial product.

After all, obtaining it cannot happen like a signature on a blank check. Therefore, the Form brings together all the data that will be relevant for using the card.

The second point that makes the credit card FIN so important is that it formalizes a proposal. In other words, it limits the contract and directs it.

With this, you know what to expect from the card. Also, there is a commitment from the bank regarding the applicable conditions and benefits.

However, due to its information, the bank must respect the rates, fees and other aspects in accordance with what is formalized in FIN.

The credit card FIN is also an excellent document for comparing different card offers, as it brings together and summarizes various relevant data.

With it, find the best proposal according to the best conditions available!

Finally, if you want to know about a rewards program, see the Millennium BCP Program below.