55% of credit card users unaware of interest charged

A study by credit protection service (SPC Brazil) and by the National Confederation of Merchants Leaders (CNDL) released on Thursday (9), pointed out that 54.7% of credit card users unaware of the interest charged when there is delay in payment of the invoice.
And the recovery can be high. The interest rate on a credit card to a person returned to reach the highest level since 1995, 15.12% per month and 441.76% a year, according to the National Association of finance, administration and accounting (Anefac).
More than a quarter (26.5%) of these consumers assessed the fees that are charged in operations to acquire the credit card. Most of the uninformed have age between 18 and 34 years old (61.6%).
The survey also showed that the payment is a fairly common feature among those who use a credit card – 69% of plots your purchases at least once a month. On average, respondents claim to have four non-repaid installments.
Seven out of ten (76.2%) consumers evaluate the credit card as something positive in their lives. Almost half (47%) of users of this form of payment, however, does not carry out an effective control of purchases that are made on the card, either just give the invoice – without actually analysing it – or because they make the control head only, without any rigor or systematic control.
For Marcela Kawauti, Chief Economist of the SPC Brazil, care card spending must be constants.
"It is essential to follow the card over the month and not just when it is closed, because then it will be too late to evaluate whether the expenses were excessive," he explained.