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Giving fintechs a chance.

I've been hunting for a credit card, and new savings account, for some time now. Until a couple of months ago, I didn't find anything that fit my needs or expectations.

For the credit card, my income wasn't enough, the fees that they had were to high, or they were secured credit cards that required a high deposit.

On the savings account side, the main problems were that they required so sort of minimum balance so no fee was paid, or a high initial deposit. Both are things that I don't like, since I don't have the money upfront, and I want access my money in case of an emergency without having to worry about maintaining a balance.

Then a couple of Mexican fintech companies came along, and I decided to give their services a try.

For the credit card, I decided to apply for the Stori(link in Spanish) classic credit card. The main reasons I decided to apply for it, where that isn't a secured credit card, it has no no annual fee, and that its backed by Mastercard. So far, I haven't had any major issues with it, and it may become a keeper for me if my credit line is increased with time.

On the savings account side, I decided to give a chance to a fintech called Oyster(link in Spanish). I selected the one with no fees, that comes with some restrictions, like no more than 30 electronic transfers a month. But, none of those restrictions come into play for the use I've plan to give it, and since my main accounts have me covered for the rest of my financial needs. And it comes with a debit card, so I still have access to my money to make purchases in case I need to.

The only major "ifs" that both fintechs have for some, is that neither have physical branches to go to. Yet, both have quite nice apps that give the control over the accounts most user will ever need. Not only that, transfers from my other accounts are a breeze to make, and most importantly they don't incur in fees for the amounts I'm planning to do.

Time will tell if I change my mind, but so far I'm quite happy with them.

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