A new rule related to credit card revolving credit has come into effect in Brazil, bringing significant changes for consumers. As a result, from now on, the total amount of debt, including interest, for those who delay paying their card bill, cannot exceed twice the original debt.
This means that if you have a debt of R$100, the maximum you will have to pay, with all interest and charges, will be R$200. Therefore, this measure by the Federal Government aims to protect consumers against the accumulation of exorbitant interest, a common practice in card debts.
Credit card revolving debts have high interest rates, which can quickly turn a small debt into a major financial problem. The new rule aims to provide a clearer view of how much debt can grow, helping to avoid the accumulation of unsustainable debt. It is important to note that the Tax on Financial Transactions (IOF) is not included in this calculation, so it is essential to plan your finances to avoid unpleasant surprises.
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Impact of the new rule on credit card revolving credit
The new rule of rotary Credit card debt directly affects consumers’ pockets. With a set limit on interest, credit card users will have a better understanding of how their debts can evolve. This is especially useful for those who sometimes cannot pay the full amount of the bill and end up resorting to revolving credit.
Tips for managing card usage
Although the new rule is an important step towards protecting consumers, the best strategy remains to pay your card bill in full each month. This avoids interest and keeps your financial health up to date. In addition, it is recommended to maintain good financial planning and avoid accumulating debt on your card.
The new rule on credit card revolving credit is a positive change for Brazilian consumers, helping to control the growth of debts. However, responsible management of personal finances remains essential to avoid problems with card use.
