Credit Card and Special Check interest rates have changed for this year 2020. With these new changes, in this article you will be well informed of what is happening in the financial market.
Every day we see changes in the government's economic sector that directly affect the commercial transactions of financial operators. Today we will talk about a subject that should be the subject of attention from all of us.
Second, special report from Exame magazine, the average credit card revolving rate rose 0.7 points compared to October, reaching 318.3% per year; the special check also rose 0.7 points, but that's not it.
Credit Card Interest
The average rate is formed based on consumer data, but for those customers who are in good standing, who pay at least the minimum amount on their card bill on time, the rate reached 293.9%.
However, the interest charged to customers who did not pay or delayed the minimum payment of the invoice (non-regular revolving) fell by 3.7 percentage points, reaching 334.3% per year.
Credit card revolving rose 0.7 percentage points compared to October, reaching 318.3% per year, truly absurd!
Finally, revolving credit is the credit taken by the consumer when they pay less than the full value of the card bill. Revolving credit lasts 30 days. After this period, financial institutions pay the debt in installments.
It is important to organize your personal finances so as not to get into debt with both your credit card and special check. The changes have already taken effect since the beginning of the school year. Therefore,
To find out more information on this subject or check out the cards with the lowest interest rates, click here and read an exclusive article in its entirety.
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