According to <url>, the number of applications for credit cards in November decreased by more than half compared to January figures. The decrease in demand is due to a decrease in the attractiveness of credit card terms. For example, the interest-free period ranges from 100 to 120 days, whereas a year ago it was possible to get a card with a one-year deferred payment period. Banks have stopped raising and started reducing the limits on previously issued credit cards.
Photo: ru.freepik.com
Since the third quarter of 2024, the Central Bank has banned banks from providing loans with credit limits or increasing existing limits if the borrower's debt burden exceeds 80%, which also affected the number of cards issued.
In October, 21.9% fewer credit cards were issued in Russia than at the beginning of the year, we wrote about this earlier.
