Plazo Credit Card: Is It Worth It? Discover the Pros and Cons Before You Apply

When choosing a credit card, it’s essential to look beyond “instant approval” and analyze what’s really behind the offer. Fees, benefits, ease of use, customer support, and flexibility are all factors that can make a real difference in your daily life — and more importantly, in your wallet.

The Plazo Credit Card has been gaining ground among Mexican consumers who want convenience, easier access, and a fully digital experience. With no annual fee and an attractive cashback system, it promises to be the perfect choice for those who want credit without complications.

But is the Plazo Card really that good? What are its strengths, and what limitations should you keep in mind?

Below, you’ll find a complete and transparent analysis of the main advantages and disadvantages so you can make the best decision, confidently and informed.

Advantages of the Plazo Card

1. No Annual Fee or Hidden Charges

Unlike most cards on the market, the Plazo Card doesn’t charge an annual fee, setup fee, or monthly maintenance. You only pay for what you use, avoiding unpleasant surprises on your bill. It’s ideal for those who want a functional card without unnecessary costs eating into their budget.

2. Cashback on All Purchases

One of Plazo’s standout features is its automatic cashback system, which returns part of what you spend directly to your bill. You earn 1.5% cashback on all purchases and up to 6% on select subscription services like Netflix, Spotify, Uber One, and Amazon Prime. It’s a benefit that brings real monthly savings.

3. Online Application and Fast Approval

The entire application process is done digitally, via the website or official app. You just fill out your information, upload your ID, and wait. The decision typically arrives within minutes, making the experience much faster than traditional banking channels.

4. Instant Virtual Card and Free Physical Card

Once approved, your virtual card is ready to use immediately for online shopping. The physical card is shipped to your home free of charge, usually arriving within 7 business days.

5. Full Control Through the App

The Plazo app is complete and easy to use. With it, you can:

• Track all your expenses in real time
• View open and closed bills
• Request a credit limit increase
• Lock and unlock the card with a single tap
• Monitor your cashback earnings

This level of control provides much more financial autonomy — especially valuable for anyone looking to manage a budget efficiently.

6. Inclusive and Accessible

Many people with low credit scores or no previous credit history report getting approved. That’s because Plazo uses more flexible criteria, focusing on providing credit access to profiles often excluded by traditional banks. It’s a true financial inclusion initiative.

Disadvantages of the Plazo Card

1. Cashback Only Applies to Card Purchases

Although it’s a strong benefit, cashback only applies to purchases made directly with the Plazo Card. Payments like bank transfers, PIX, or bill payments don’t earn cashback, which may limit your rewards if you use other payment methods frequently.

2. Minimum Income Requirement

While more accessible than many competitors, Plazo still requires a minimum monthly income of around $6,000 MXN. This could be a barrier for students or those with irregular or lower income.

3. No Miles or Points Program

If you’re looking for a card that earns airline miles or reward points, Plazo won’t meet that need. It focuses solely on direct cashback, with no conversion to points or travel perks.

4. Initial Credit Limit May Be Low

While the maximum credit limit can reach up to $40,000 MXN, the actual limit is based on credit analysis. Some users report receiving lower limits at first, which could be frustrating if you’re expecting a high limit right away.

Conclusion: Is the Plazo Card Right for You?

If you’re looking for a credit card that’s simple, fee-free, offers cashback, and prioritizes digital convenience, the Plazo Credit Card is one of the best options currently available in Mexico. It offers everything the modern user needs: autonomy, financial control, and real savings.

On the other hand, if your goal is to earn miles, enjoy premium benefits, or if your income falls short of the minimum requirement, you might consider other alternatives.

Still, the Plazo Card is an excellent entry point into smart credit usage, especially for those just starting out or seeking better control over their spending.

Want to learn how to apply and follow the complete step-by-step guide? Read our full article on the Plazo Card!