Rates and fees

Define the interest rates and commissions that will be applied to the product.

Rates

Our solution allows you to define different interest rates for your product via API.


Revolving rate	The interest rate applied to outstanding balances at the end of a billing cycle.
Financing rate	The interest rate applied when a card statement is refinanced.
Cash advance rate	The interest rate applied when doing a cash advance.
Late fee rate	The interest rate applied when the credit card holder does not make the minimum payment by the due date of their statement.

For 🇧🇷Brazil, rates are configured on a monthly basis, while for 🇲🇽Mexico, it's done annually.

Commissions are an additional charge that you can apply to certain transactions or situations related to the use of the card.

You can configure different types of commissions via API:


Fixed value per time period	Occur simply due to the passage of time. For example, an annual fee.
Fixed value per operation	Are related to specific operations. For example, a cash advance fee.
Default commissions	There are two options: Percentage fine: it is a percentage of the total overdue debt. Fixed fine: it is a fixed value, regardless of the amount of the debt.

You can update the rates and commissions of each product using this endpoint. The change will take effect from the next billing cycle.