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A new rule related to credit card revolving credit has come into effect in Brazil, bringing significant changes for consumers. Therefore, from now on, the total amount of the debt, including interest, for those who delay paying their card bill may not exceed twice the original debt.
This means that if you have a debt of R$ 100, the maximum you will have to pay, including all interest and charges, will be R$ 200. Thus, this Federal Government measure aims to protect consumers against the accumulation of exorbitant interest, a common practice with credit card debts.
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Credit card revolving credit has 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 the debt can grow, helping to prevent the accumulation of unsustainable debts. It is important to note that the Tax on Financial Operations (IOF) is not included in this calculation; therefore, 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 for revolving credit of the credit card directly affects consumers' finances. With a limit established for interest rates, credit card users will have a better understanding of how their debts may evolve. This is especially useful for those who sometimes cannot pay the full bill amount and end up resorting to revolving credit.
Tips for managing credit card use
Although the new rule is an important step toward protecting consumers, the best strategy remains paying the credit card bill in full every month. This avoids interest and keeps finances healthy. In addition, it is advisable to maintain good financial planning and avoid accumulating credit card debt.
The new rule on credit card revolving credit is a positive change for Brazilian consumers, helping control the growth of debt. However, responsible personal finance management remains essential to avoid problems with credit card use.
