The demand for credit increased during the covid-19 pandemic and credit card was the most used modality in the period.
A survey released by Serasa last week showed that 79% of the population used some source of credit in the period. And the card was the option found by 62% of the population.
• 14% borrowed from friends and family;
• 12% used overdraft or account limit; and
• 10% requested unsecured personal loan.
Credit card access is practically the same for men and women. What changes, however, is the limit given to them.
While 48% of men have more than BRL 3,600 credit card limit, only 41% of women get the same limit:
• 85% have a credit card
• 68% more than two
• 48% have a limit of R$3.6 thousand or more;
• 52% has a limit of up to R$ 3.5 thousand
• 80% have a credit card
• 65% have more than two
• 41% has a limit of R$3.6 thousand or more; and
• 59% has a limit of up to R$ 3.5 thousand.
When it comes to social class, despite the fact that “A” and “B” seek less information, they are easier to accept credit.
Classes A e B
• 95% have a credit card;
• 74% more than one;
• 54% sought credit information;
• 83% used credit during the pandemic;
• 41% had difficulty getting credit; and
• 18% were denied credit.
Classes C, D e E
• 79% have a credit card;
• 64% more than one;
• 59% sought credit information;
• 7% used credit during the pandemic;
• 55% had difficulty getting credit; and
• 41% were denied credit.
Between those who have and do not have a credit card, the differences were significant. Those who have a credit card are an older public, with higher incomes and who accessed more credit during the pandemic.
Do you have a credit card
• 74% are over 24 years old;
• 61% are from the ABC class;
• 99% have a bank account;
• 88% used some source of credit during the pandemic;
• 51% had difficulty getting credit; and
• 35% were denied credit.
No credit card
• 66% are over 24 years old;
• 34% are from the ABC class;
• 89% have a bank account;
• 37% used some source of credit during the pandemic; and
• 67% had difficulty getting credit.
• 46% were denied credit
Specialist warns of credit card fees
Miguel José Ribeiro de Oliveira, executive director of Anefac (National Association of Finance, Administration and Accounting Executives), believes that the pandemic has been creating a ripple effect on other things, such as falling incomes, mass unemployment and rising incomes. inflation.
As a result, the debt ratio increased by 1.7 percentage points compared to May 2021, having the highest monthly increase since March 2017.
Two lines of credit stand out negatively in the pandemic, according to Oliveira: credit card and overdraft.
Silvia Machado, finance mentor, believes that families have resorting to the credit card limit to defer everyday expensess.
“People already had previous debts, saw their income reduce, the economic situation did not improve and started using credit cards as a solution, postponing the debt to the following month,” he says.
Silvia warns about using your credit card with a lot of planning.
How to renegotiate debts and reduce bills in times of quarantine