What is Cuotas in Colombia?

Credit cards in Colombia allow you to choose the amortization plan of your credit, with the benefit of not charging you interest fees when paying all your purchase in one month. read more

In Colombia you are able to tell the merchant how long you want to spread out your credit card payments. If you are using a foreign card this is irrelevant. For fun I will normally tell the person 100 cuotas.. Simple example you purchase a meal for $30.000 pesos. For 10 cuotas. You agree to pay approximately $3.000 pesos plus interest. read more

It is asked of everyone who pays with a credit card - cuantas cuotas. Only place I have ever seen it - you can divide your payments into up to 12 monthly payments; however you pay interest on the ones past 1 month I believe. read more

Coins in Colombia got a makeover in 2012, so you may see two different versions of the same coin amount. Coins in Colombia are in denominations of $50, $100, $200, $500, and $1,000. The equivalent of cents is centavos in Colombian Spanish. read more