Credit card purchases will be more expensive in April due to an increase in the usury rate, how much did it increase?

The Financial Superintendence certified the new usury rate that will govern from April 1st. The indicator, which defines the maximum interest rate for credit cards, was set at 26.76% for the fourth month of the year.

Credit card purchases will be more expensive in April due to an increase in the usury rate, how much did it increase?

TL;DR

  • The new usury rate for April is 26.76%, up from 25.5% in March.
  • This marks the third consecutive increase in the usury rate in 2026.
  • The increase is a reaction to the Bank of the Republic's 100 basis point interest rate hike in January.
  • Higher usury rates make credit products like credit cards more expensive.
  • The Bank of the Republic aims to curb consumption to control inflation.
  • The usury rate is projected to rise further due to expected future interest rate increases by the central bank.

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