The Supreme Court clarifies the criteria to determine if the price of a revolving card is usurious

The Supreme Court has determined that a revolving card that had an APR of 24.5% was not usurious, since on the dates close to its issuance it was common for revolving cards contracted with large banking entities to exceed up to 26% per year.

In its ruling 367/2022, of May 4, the Supreme Court has clarified the criteria for determining whether the price of a revolving card is usurious or not. As you recall, the Civil Chamber of the Supreme Court determined on March 4, 2020 what

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