Spending on credit cards increased
This article was translated by an automatic translation system, and was therefore not reviewed by people.
Marcos Burghi,
In August, average expenditure reached R$ 166, the highest value recorded so far this year
Consumer confidence in the direction of the economy also presents reflections on the use of credit card. In August, the average spending per card was R$ 166. This is the highest value in 11 months of the 12 months ending in August. Only less than in December, when spending was R$ 190 on account of Christmas, the main trade date.
Frederico Turolla, professor of economics at the School of Advertising and Marketing (ESPM), said the figures compiled by the Brazilian Association of Business Credit Cards and Services (Abecs), shows that consumers envision a better economic future and, confidence, consume more. "The average of R$ 166 is high even for the month of August," he says.
In the opinion of Turolla the increase should be celebrated because it indicates a recovery of economic activity, but the consumer must be very careful when planning the use of 'plastic money'. He recommends that the installments without interest can be a good alternative to purchase, but if the operation provides for interest, it is best to find a line of credit cheaper, as payroll loans or personal loan.
Keyler Carvalho Rocha, a professor of finance at the Laboratory Institute of Administration (FIA), believes that growth in spending on the credit card is related to a list of factors, of which recovery of the economy and the trust is only part.
He said the economic crisis that arrived here in September last year meant that many people no longer consume. Rocha points out that, despite the boost for the economy, bank credit remains difficult because of stiffness in the concession. In contrast, the market is increasingly attractive cards with benefits ranging from the sweepstakes points to exchange for products and tickets.
"Many people prefer to pay with cards in order to get points to win the benefits offered," says the professor.
Abuse
Rocha also warned about the indiscriminate use of credit cards. He said the person who you think you can increase your level of consumption simply because the card will have trouble. "Only buy what you really need it and enjoy the maximum until the invoice for payment, if possible, to surrender the money," he says.
Fia's teacher recommends that consumers never cease to pay the full amount at maturity, otherwise afford high interest rates.
According to a survey by the National Association of Executives in Finance, Accounting and Business Administration (Anefac), which considers data up to August, the average rate remains at 10.68% per month, the highest among the credit lines offered by financial institutions.
Who is the card debt should try to negotiate a credit line of less expensive, such as payroll loans or personal loan and pay off the debt, "advises Rocha.
RECOMMENDATIONS
Buy only what is strictly necessary. Do not use the card to increase their level of consumption
Enjoy the time that credit card grant to pay the bill and make money yield
Escape the installments with interest. In this case, search for other lines of credit with rates more into account, such as personal credit or payroll
At maturity, always pay the total bill
Source: Jornal da Tarde
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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