BSP has approved the increase in credit card interest rates limit to 3% per month or 36% p.a. Please recall that there was a reduction during the height of the pandemic to 2% per month (24% p.a.)
But the reality is whether it’s 24% or 36%, we should be prudent with the use of our credit card. A few minutes discussion on an emotional topic of debt is not enough.
To know more about credit card debt check out https://fqmom.com/is-your-teenager-ready-for-a-credit-card/, and many more contents on debt in https://fqmom.com/ Clip from my guesting on Net 25’s A.S.P.N with Ali Sotto and Pat Daza.