Home Business Credit card interest falls and stands at 441.76% in January, according Association

Credit card interest falls and stands at 441.76% in January, according Association

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Average interest rates on credit cards fell again in January from 441.76% a year, according to an Anefac study (National Association of Finance, Administration and Accounting Executives) announced on Thursday (9). In the previous month, the rate had been 453.74 per year.

If you consider the monthly fee, Rotatorio interest rate card also dropped slightly from 15.33% in December to 15.12% in January.

The fall occurs after the Monetary Policy Committee’s (Copom) Central Bank eliminates the third time the basic interest rate (Selic). At the beginning of last month, the rate fell by 0.75 percentage points, to 13% per year.

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