No more quotas or instalment plans for overseas trips
Nov 25, 2021, 5:40 pm
#1
Original Poster
Join Date: Dec 2005
Location: Somewhere between EZE , MAD and GLA
Programs: IB , BA , AA , LATAM
Posts: 865
No more instalment plans for overseas trips
The Argentine government has announced tonight that from midnight, there will be no more installment plans or cuotas as they say here for overseas trips for Argentine residents. No more installment plans for international trips is a major kick in the balls for the aviation industry. Interest free or low interest plans stimulates demand and they are no longer allowed.
Trips can still be financed on the card - 43% interest rate on the first 200,000 pesos - after that the Bank screws you with no vaseline.
This measure affects not only tourists but also people visiting family, people going abroad to study, and people going away for medical treatments.
There may be some effect on airline schedules over the next few months as demand will be negatively affected - the million-dollar question is by how m
Trips can still be financed on the card - 43% interest rate on the first 200,000 pesos - after that the Bank screws you with no vaseline.
This measure affects not only tourists but also people visiting family, people going abroad to study, and people going away for medical treatments.
There may be some effect on airline schedules over the next few months as demand will be negatively affected - the million-dollar question is by how m
Last edited by malagajohn; Nov 27, 2021 at 2:54 pm
Nov 27, 2021, 9:45 am
#2
FlyerTalk Evangelist
Join Date: Jul 1999
Location: Over the Bay Bridge, CA
Programs: Jumbo mas
Posts: 38,651
(Might I suggest a slight topic change? The term "quotas" doesn't translate exactly properly into English in this context. The topic makes it seem like it refers to quotas of travelers, not "easy monthly payments." )
Nov 27, 2021, 10:18 am
#3
Join Date: Apr 2015
Programs: Wyndham Diamond
Posts: 876
Do you think this will impact the flights that were already sold? Specifically I am thinking about my own travel. LAX-MIA-EZE on AA. Overnight in Buenos Aires, then off to my final destination on a domestic FlyBondi flight. Outbound will be in mid December, inbound mid January. From what I could tell the AA flights are almost if not already sold out on the dates I'm traveling on. The lack of payment installation option combined with the rise of the new Omicron covid variant makes me a bit nervous about my trip. This trip has been postponed 2x in the last two years and I really do not want to delay visiting family anymore. But, I have work commitment and I need to be back in US by mid January.
Nov 27, 2021, 10:55 am
#4
Join Date: Jan 2020
Programs: Jetblue, Turkish, Hilton Gold, Spirit Gold
Posts: 418
you will asked that a lot in south american countries when paying with a credit card.
very common tool for governments to control external debt. When locals incur a lot of debt in foreign currency.
Nov 27, 2021, 1:06 pm
#5
FlyerTalk Evangelist
Join Date: Jul 1999
Location: Over the Bay Bridge, CA
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Posts: 38,651
I'm very familiar with the term - I just don't think it translates well as a literal translation into the thread topic.
Nov 27, 2021, 2:56 pm
#6
Original Poster
Join Date: Dec 2005
Location: Somewhere between EZE , MAD and GLA
Programs: IB , BA , AA , LATAM
Posts: 865
Nov 27, 2021, 3:25 pm
#7
Join Date: Apr 2010
Location: ORD
Programs: AA, UA, GE
Posts: 5,123
You are right Eastbay1K - I managed to change the title of my post but not the main title of the thread. Yip , quotas is a perfect word fo the Spanglish we speak at home - Juramentos is probably worse though.