Card interest goes up 5.9 points in February and arrives at 333.9% per annum

The total average interest charged on credit card revolving climbed 5.9 percentage points from January to February, informed, on Monday, 26, the Central Bank (BC). With that, the rate went from 328.0% in January to 333.9% annually in February. This advance Rotary rate occurred under the new migration rules, which began in April last year. The revolving interest is the highest rate of this segment and also the highest among all evaluated by BC. Within this rubric, the rate of regular Rotary mode went from 241.1% to 243.3% per year from January to February. In this case, are considered the revolving card transactions where the minimum payment of the invoice. Already the interest rate of the rotating mode no regular went from 387.4 percent to 397.5% per year. The non-scheduled rotation includes the operations in which the minimum payment of the invoice was not performed. In the case of in installments, still in credit card, the interest went from 167.8% to 174.3% per year. Considering the total credit card interest, which takes into account the revolving and installment transactions, the rate fell from 68.6% to 74.7% from January to February.