Russian Credit Card Interest Rates Hit Record 47%

The average full cost of credit for Russian credit cards reached a record 47% in November 2025, according to recent financial data. This unprecedented rate marks a significant milestone in credit market conditions affecting millions of borrowers across Russia.

The figure represents the culmination of sustained pressure on credit markets, with the record being tracked as day 1,402 of continuous monitoring. Financial experts indicate that this rate includes all associated fees and charges beyond the base interest rate, providing a comprehensive view of actual borrowing costs.

This development reflects broader economic trends within the Russian financial sector and may signal continued challenges for consumers seeking credit. The sustained elevation in rates could influence consumer behavior, banking strategies, and household financial planning in the coming months.

The 47% average credit card rate represents an unprecedented level in the Russian financial market. This figure, recorded in November 2025, reflects the total cost of credit including all fees and charges imposed by lending institutions.

Financial data tracking shows this represents day 1,402 of continuous monitoring of credit market conditions. The sustained increase in borrowing costs indicates persistent pressure on the Russian credit market throughout 2025.

The record high affects millions of Russian borrowers who rely on credit cards for daily transactions and financial management. This rate significantly exceeds historical averages and may reshape consumer approaches to credit usage.

The record 47% rate carries significant implications for the Russian banking sector and consumer finance landscape. Lending institutions may need to adjust their risk assessment models and product offerings in response to these elevated cost structures.

For consumers, the sustained high rates could lead to:

• Reduced reliance on credit card financing
• Increased focus on debt management strategies
• Potential shifts toward alternative financial products
• Greater scrutiny of borrowing terms and conditions

These trends suggest a potential transformation in how Russian consumers approach credit and financial planning in the current economic environment.

The November 2025 record of 47% represents a critical data point for financial analysts monitoring the Russian credit market. This milestone may serve as a reference point for future policy decisions and market strategies.

Financial institutions and consumers alike will be watching for potential market corrections or policy interventions that could affect future credit cost trends. The sustainability of such elevated rates remains a key question for market participants.

As the Russian financial sector continues to evolve, this record rate highlights the importance of comprehensive financial planning and careful consideration of credit terms for all borrowers.