Mercado Pago Credit Card Review: MSI and No Annual Fee

January 11, 2024

The Mercado Pago Credit Card is a prominent option for Mercado Libre users in Mexico, standing out for its interest-free months (MSI) offer and the absence of annuity. These features make it an attractive option for those looking for a credit card with no fixed annual fees, adapted to the needs of payments and personal finance management in the digital environment.


To obtain this credit card, applicants must meet certain requirements, such as a good credit bureau history and the provision of personal data. This analysis provides detailed information on the registration and application process, including the waiting list and the functionalities offered by the Mercado Pago app.

Mercado Pago Credit Card Review: MSI and No Annual Fee


Interest-Free Months at Mercado Libre

A key benefit of the card is the option to pay for purchases at Mercado Libre in interest-free months. This allows users to spread the cost of their purchases over time, without incurring additional interest.

No Annual Fee

The absence of an annual fee is one of the most attractive advantages. This means that users do not have to worry about fixed annual fees, which is common with other credit cards.

Main Advantages

The Mercado Pago credit card stands out for its accessibility and benefits. It offers the possibility of making purchases with interest-free months (MSI) and does not charge annuities, which makes it attractive to a wide range of users in Mexico.


Despite its advantages, the card has some limitations. For example, the rewards offered are only redeemable within Mercado Libre, and its Annual Percentage Rate (APR) can be relatively high compared to other cards in the market.

Card Details and Features

Requirements to Obtain it

To apply for the Mercado Pago credit card, you must meet certain requirements. These include having a good credit bureau history, being of legal age, and residing in Mexico. In addition, it is essential to have an official ID and proof of address.

Application Process and Waiting List

The application process begins by registering on the Mercado Pago platform. Subsequently, you go through a credit analysis period, which may include a waiting list. This process ensures that applicants meet the criteria established for card approval.

Mercado Pago App Features

The Mercado Pago app allows for comprehensive card management. Through it, users can check balances, movements, and make payments efficiently and securely. The app also offers options to freeze the card in case of theft or loss, increasing users' security.

Mercado Pago Credit Card vs. Other Cards

When comparing the Mercado Pago credit card with other options on the market, it is important to consider aspects such as interest rate, rewards, and annual fees. While the Mercado Pago card offers benefits for online purchases, other cards may offer better rewards in different categories.

Unique Advantages for Online Shoppers

For those who frequently shop at Mercado Libre, the Mercado Pago credit card offers unique advantages, such as MSI and rewards specific to this platform.

App Ratings and Feedback

The Mercado Pago app has mixed ratings on stores like Google Play and the App Store. These reviews reflect users' experience with the app and its card management functionality.Some highlight the ease of use and benefits on Mercado Libre, while others mention limitations in customer service and rewards.


To apply for the Mercado Pago Credit Card, it is necessary to have a credit bureau history and provide identification and proof of address. These requirements are essential to access the card.

Application Process

The application process for the credit card begins on the Mercado Pago platform. Interested parties must register, and in some cases, may face a waiting list.

App Features

The Mercado Pago app offers comprehensive card management. It allows users to check their balance, movements and make payments, providing convenience and control.

Interest Rate and Costs

The interest rate is a crucial factor when considering this card. Compared to other options in Mexico, it is important to take this cost into account.

Benefits on Purchases

The card offers interest-free months (MSI) on purchases made, especially at Mercado Libre. This benefit provides attractive financial flexibility for users.

No Annual Fee

One of the significant advantages is the absence of annual fee. This feature reduces the overall cost of the card, increasing its attractiveness.

Limitations on Rewards

The rewards offered by the card have their limitations, being redeemable only within Mercado Libre. This restriction may be a point to consider.

Card Security

Security in case of theft or loss is crucial. The Mercado Pago app provides options to block the card, thus protecting the balance and the account.

User Experience

Opinions and comments about the app reflect varied user experiences. This data is important to understand the functionality and acceptance of the card.

Comparison with Other Cards

It is essential to compare the Mercado Pago Credit Card with other available options. Aspects such as benefits, costs and additional services should be evaluated.

Credit Limit

The credit limit of the card is influenced by the applicant's financial profile. This amount is determined after a credit history analysis.

Use Abroad

The card allows some flexibility in foreign use, offering the possibility of deferring charges to interest-free months. This is especially useful for international purchases.

Exclusive Advantages

The card offers unique advantages for purchases at Mercado Libre. These benefits include rebates and promotions that are not available to the general public.


In conclusion, the Mercado Pago Credit Card can be a useful tool for online purchases, but it is important to consider all aspects, from benefits to costs, to make an informed decision.

About the author
Juan Guerreo

Juan Guerreo

Juan Guerreo loves eating ice cream and writing about finance