• The ruling on a revolving credit card does not question the validity of this financial product and confirms that its interest rates must be compared with those of this type of product, which differs from other consumer financing.

• The Supreme Court understands that this type of card is a commercial product different from traditional consumer financing and is subject to greater uncertainty due to increased difficulties in collection in the event of default.

• Additionally, the Supreme Court warns that the interest rate must not be “manifestly disproportionate to the circumstances of the case”, so the ruling limits its effects to the case analyzed, without any consequences being deduced for this type of product as a whole.

• The characteristics of this type of product marketed in Spain are similar to products of this same class offered in neighboring countries.

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La entrada Today’s ruling on a revolving credit card does not question the validity of this financial product se publicó primero en Asociación Española de Banca.