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The credit card is one of the main payment tools and is also the biggest reason for debt. Learn more!
The credit card stands out as one of the payment methods most widely adopted by Brazilians. One of the reasons for this trend is certainly the option to split the bill into installments. This way, consumers may find the payment more affordable, as it is spread over several months. However, this convenience can lead to complications.
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It is essential to be cautious when using a card because, given its convenience, many users may get into trouble and face challenges in settling all their bills.
Amid this situation, credit card purchases made in installments surpassed the mark of R$ 250 billion, according to information from the Banco Central. To put this into perspective, the total amount of purchases paid upfront is close to R$ 100 billion.
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Using the card as a transaction tool
According to reports from the Banco Central, up to June this year, the retail segment, including Microenterprises and major brands in the sales market, led credit card usage. In addition, significant use is observed in the following sectors:
- Entertainment;
- Fashion and Footwear;
- Pharmaceutical and Chemical;
- Oil Industry;
- Food;
- Electronic Equipment.
Credit cards lead the reasons for debt
Read also: Desenrola Brasil: Debt Renegotiations Anticipated by Major Retailers
A survey conducted by Qaest and published by Revista Veja shows that credit cards top the list of causes of debt among Brazilians. According to the study, approximately 67% of people have debts. For these individuals, the main factors behind indebtedness are:
- Credit cards: 31%;
- Real estate financing: 14%;
- Bank loans: 11%;
- Car installment plans: 5%.
Given this scenario, the government is analyzing measures to limit the number of installments offered to buyers. Additionally, it is seeking strategies to reduce the interest rate on revolving balances, which affects many citizens.
