Few Noticed, But The New Credit Card Law Now Imposes Interest Rate Caps, Restricts Fees, and Ensures Full Transparency in Bank Charges

Written by Romário Pereira de Carvalho

Published on 07/11/2025 at 14:40

Imagem ilustrativa: IA

Uma pessoa reagiu a isso.

The New Law No. 14,690/2023 Imposes Limits on the Interest Rates of Revolving Credit, Restricts Bank Fees, and Ensures Transparency in Charges, Offering More Protection to Consumers and Combating Overindebtedness Caused by High Credit Card Costs

Law No. 14,690/2023 brought significant changes for credit card users in Brazil. The main goal is to combat overindebtedness and reduce abusive interest rates that affect millions of consumers. The new rules seek to balance the relationship between banks and customers, ensuring more transparency in charges.

The main change is the cap on interest rates for revolving credit and installment payments. Now, the total debt — including interest and charges — cannot exceed double the original amount. Thus, if someone owes R$ 2,000, the maximum amount that can be charged is R$ 4,000.

Rules for Revolving Credit and Installments of Credit Cards

Customers who only pay the minimum on their statement automatically enter revolving credit, known for having higher interest rates.

ARTICLE CONTINUES BELOW

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

The Technical Agenda and the Fair in the City of Macaé Should Boost Discussions on Investments, Energy Transition, and Development of the Oil, Gas, and Energy Chain in the National...

Paulo Nogueira

However, the Central Bank determined that this modality can last only one billing cycle, that is, 30 days.

After this period, the bank must offer another credit option with more favorable terms.

This measure aims to prevent debts from growing uncontrollably, as revolving credit is usually the biggest contributor to high levels of indebtedness.

Therefore, the new rule creates a clear limit and prevents the final amount from becoming unpayable.

Allowed Fees and Prohibition of Abusive Charges

Another important change involves the fees charged by banks. Financial institutions can only charge fees for the following services: annual fee, issuance of a second card, cash withdrawals on credit, use of the card to pay bills, and emergency credit evaluation.

Charges outside this list are considered abusive and can be reported. Furthermore, access to the app and the sending of the statement must be free of charge.

The blocking or cancellation of the card can also only occur with prior notice — except in cases of suspected fraud.

With information from Diário do Comércio.

0 Comentários

Mais recente

Mais antigos Mais votado

Feedbacks

Visualizar todos comentários

Few Noticed, But The New Credit Card Law Now Imposes Interest Rate Caps, Restricts Fees, and Ensures Full Transparency in Bank Charges

The New Law No. 14,690/2023 Imposes Limits on the Interest Rates of Revolving Credit, Restricts Bank Fees, and Ensures Transparency in Charges, Offering More Protection to Consumers and Combating Overindebtedness Caused by High Credit Card Costs

Rules for Revolving Credit and Installments of Credit Cards

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

Allowed Fees and Prohibition of Abusive Charges

For 45 years, Spain and Morocco have been trying to connect Europe to Africa through a project of just 14 kilometers in the Strait of Gibraltar, and an active tectonic fault on the seabed continues to make the project nearly impossible.

At just 14 years old, a boy creates a system without energy, using steel pipes buried in the ground, that irrigates seedlings with moisture from the air, to combat the water scarcity threatening reforestation in northern China.

Where there was only sand and wind at 40 degrees, China built a megacity of 500,000 inhabitants with farms, wineries, and universities in the middle of the desert using melted glacier water from hundreds of kilometers away.

Minas Gerais takes the lead in renewable energy: State surpasses historic mark of 14 GW in solar energy generation in MG and consolidates dominance in the Brazilian electric sector.

Brazil reaches historic milestone in solar energy: Sector surpasses 2 million accumulated green jobs and generates billions in the national economy even under market pressure.

The United States Army has an armored vehicle that reaches speeds of up to 100 km/h, capable of operating normally on different types of terrain and also on asphalt without causing damage; equipped with a 350 hp engine, it can transport up to 9 soldiers — meet the Stryker.

Man loses his job, faces a 55,000 km bike ride through more than 50 countries, endures desert, heat of 51 degrees, accidents, and isolation on a journey that began with the goal of reaching India.

These living root bridges and ladders are over 700 years old and help indigenous people survive in one of the rainiest regions in the world.

The largest food company on the planet, JBS, has just opened a 4,000 square meter laboratory in Florianópolis to develop customized proteins that modulate muscle mass gain, immune response, and metabolic performance.

After nearly 30 bids and competition among industry giants, a Spanish company purchases one of the largest airports in Brazil for almost R$ 3 billion and takes over the management of Galeão in a concession that will last until 2039.

The car stored for 38 years: when opening the barn door, what appears is breathtaking and looks like a scene from a movie!

From sertanejo star to international investor: Ana Castela invests millions in a mansion in the USA, creates a themed accommodation in Orlando, and shows that the “boiadeira” also wants to grow away from the stage.

Few Noticed, But The New Credit Card Law Now Imposes Interest Rate Caps, Restricts Fees, and Ensures Full Transparency in Bank Charges

The New Law No. 14,690/2023 Imposes Limits on the Interest Rates of Revolving Credit, Restricts Bank Fees, and Ensures Transparency in Charges, Offering More Protection to Consumers and Combating Overindebtedness Caused by High Credit Card Costs

Rules for Revolving Credit and Installments of Credit Cards

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

Allowed Fees and Prohibition of Abusive Charges

For 45 years, Spain and Morocco have been trying to connect Europe to Africa through a project of just 14 kilometers in the Strait of Gibraltar, and an active tectonic fault on the seabed continues to make the project nearly impossible.

At just 14 years old, a boy creates a system without energy, using steel pipes buried in the ground, that irrigates seedlings with moisture from the air, to combat the water scarcity threatening reforestation in northern China.

Where there was only sand and wind at 40 degrees, China built a megacity of 500,000 inhabitants with farms, wineries, and universities in the middle of the desert using melted glacier water from hundreds of kilometers away.

Minas Gerais takes the lead in renewable energy: State surpasses historic mark of 14 GW in solar energy generation in MG and consolidates dominance in the Brazilian electric sector.

Brazil reaches historic milestone in solar energy: Sector surpasses 2 million accumulated green jobs and generates billions in the national economy even under market pressure.

The United States Army has an armored vehicle that reaches speeds of up to 100 km/h, capable of operating normally on different types of terrain and also on asphalt without causing damage; equipped with a 350 hp engine, it can transport up to 9 soldiers — meet the Stryker.

Man loses his job, faces a 55,000 km bike ride through more than 50 countries, endures desert, heat of 51 degrees, accidents, and isolation on a journey that began with the goal of reaching India.

The new Civil Code could revolutionize marriages in Brazil with “express divorce” and changes that could exclude spouses from inheritance.

Banco do Brasil sues famous influencer for million-dollar debt and intensifies debate on delinquency, risks of seizure, and direct impact on Gkay’s credibility.

The Senate approves a bill that criminalizes misogyny, hatred, or aversion towards women, and includes the crime in the Racism Law with a penalty of up to 5 years.

Chamber Approves Bill That Allows Pepper Spray for Women Over 16 and Imposes Strict Rules for Purchase, Possession, and Use as Self-Defense

Chamber Approves Law to Combat Leucaena, Fast-Growing Plant That Dominates Land and Threatens Native Species in Various Regions of the Country

These living root bridges and ladders are over 700 years old and help indigenous people survive in one of the rainiest regions in the world.

The largest food company on the planet, JBS, has just opened a 4,000 square meter laboratory in Florianópolis to develop customized proteins that modulate muscle mass gain, immune response, and metabolic performance.

After nearly 30 bids and competition among industry giants, a Spanish company purchases one of the largest airports in Brazil for almost R$ 3 billion and takes over the management of Galeão in a concession that will last until 2039.

The car stored for 38 years: when opening the barn door, what appears is breathtaking and looks like a scene from a movie!

From sertanejo star to international investor: Ana Castela invests millions in a mansion in the USA, creates a themed accommodation in Orlando, and shows that the “boiadeira” also wants to grow away from the stage.