How to request an annuity refund for your BBVA card

When you take out a credit card and sign the contract, the advisor should explain to you the different payments, whether for commissions, insurance or annuities. In most plastics they charge, in some they do not, but they are few. This fee can be annual or monthly.

In the event that your credit card is canceled by BBVA, after the annual installments have already been paid, it can be refunded if it meets certain requirements. In this way they will return the money for the months when you did not use your card, so you have to personally go to the bank and perform a series of steps, here we tell you what it is.

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Can you request an annuity refund for the months you didn’t use when you cancel your card?

For BBVA Bank customers who have canceled their credit card and the annual installments and other fees have already been charged to their card, they can request a refund as long as the next status. When the annuity is owed more than 30 days.

For this, the following calculation must be made:

The amount of annuity is between 365 days a year, the result will be the amount of annuity per day. This should be multiplied by the number of days the card has not been used, like:

If you pay 1,000 pesos annually on your card, you divide that amount by 365 days, which equals $2.73 pesos. If there are still 6 months left on your card, you will multiply that by 180. So your refund should be around $493 pesos.

How do you request a refund of your expired annual installments?

Once you have completed the process of canceling your card, you should go to your bank with the file they gave you, as well as bring the original and a copy of your ID. In many cases, the process may take up to 7 business days before a refund is issued.

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