Thursday 16 September 2021

Costa Rica Credit Card Debt Up 14%

Paying the bills


Italy to bring in vaccine passes for entire workforce

ROME — Italy is to require the country's entire...

Number of minors victims of the pandemic in Costa Rica reaches 19

QCOSTARICA - A baby of one month and 20...

CCSS activates ‘vacunatón’ against covid-19

QCOSTARICA - Starting this Friday, and for 10 days,...

MOPT eliminates driver re-education for points accumulated in license for violating vehicle restriction

QCOSTARICA - Drivers who were sanctioned for violating the...

Costa Rica celebrated its 200th!

QCOSTARICA  - The 200 years of the Independence of...

Legislator Melvin Núñez, who rejected the vaccine, hospitalized

QCOSTARICA - Restauración Nacional party legislator, Melvin Núñez, who...
Paying the bills


The number of cards in circulation grew by 13% between January 2017 and the same month in 2018, while the balance of debt on credit cards increased by 14% in the same period.

According to a quarterly study on credit and debit cards for 2018, with a cut off point of January 31, on average each person has two credit cards and three debit cards.

The Ministry of Economy, Industry and Commerce (MEIC) report adds that “… credit cards went from 1,326,754 cards in July 2010 to 2,744,145 in January 2018 (an increase of 107%) and with respect to debit cards, a total of 4,577,955 were recorded in July 2010 and for January 2018 the figure is 6,163,760 (a 35% increase).”

- Advertisement -

“… There was an increase in the balance of debt of ¢155 billion (14.4%), with respect to the previous year, for a total of ¢1. 233,037 million (or 1.2 billion), which represents around 3.79% of the Gross Domestic Product (GDP).”

“… Likewise, it was determined that defaults from 1 to 90 days reached 6.27% and 4.74% for defaults of more than 90 days. With regard to interest rates, 71% of plastic cards in circulation have an interest rate in colones that ranges between 40% and 50%.”

See full study. (In Spanish)

Source (in Spanish): Central American Data

- Advertisement -
Paying the bills
Q Costa Rica
Reports by QCR staff

Related Articles

Legislator proposes the creation of an updated registry of pedophiles

QCOSTARICA - With the intention of protecting minors, a bill proposed...

Canada donates 319,000 vaccines to Costa Rica

QCOSTARICA - The Government of Canada confirmed the donation of 319,000...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.