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A recent study by Serasa, called Credit Map, reveals a curious fact: Almost 40% of consumers are using their credit card limit to make investments.
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The survey also revealed that credit cards are the line of credit most sought by consumers, with 52% of responses.
The study is an attempt to understand consumers' relationship with the various lines of credit available on the market.
Credit cards as the main investment tool
The survey by Serasa points to an interesting trend in Brazilian consumer behavior. At least 40% of respondents stated that they use their credit card limit to make investments.
This indicates that consumers are seeking alternative ways to investment and viewing credit cards not only as a purchasing tool, but also as a means to increase their income through investments.
Central Bank credit data
Research prove that credit card revolving interest rates are the most expensive in the market, while CDBs offer higher returns. Credit card revolving interest rates can reach 415.3% per year, making it the most expensive line of credit in the market.
In contrast, CDBs from mid-sized banks are yielding, on average, between 100% and 115% of the CDI, which means an annual return between 11.15% and 12.82% with the CDI at 11.15%.
Therefore, we conclude that:
- Avoid credit card revolving credit at all costs! The exorbitant interest rates can strain your budget and lead to significant debt.
- Consider investing in CDBs from mid-sized banks: This option offers significantly higher returns than credit card revolving credit, with lower risk.
Growth of digital account credit
The study also highlights the growth of digital account credit, which was the second most sought-after line of credit among consumers, accounting for 25% of responses.
This option has gained popularity thanks to its ease of access and more attractive pricing compared with traditional lines of credit.
Personal credit as a secondary line of credit
The research also reveals that 18% of consumers search for personal credit. This category ranges from unsecured personal loans to more complex forms of lending, such as payroll-deducted loans and credit secured by a vehicle or property.
In conclusion, Serasa's research provides important insights into consumer behavior regarding credit in Brazil. The results show that consumers are becoming more active and strategic in their investments, even using their credit card limit for this purpose.
These trends indicate possible changes in the way Brazilians handle credit and money, pointing to an increasingly active and conscious relationship with their finances.
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Image: https://br.freepik.com/ wayhomestudio
