When it comes to credit cards with no annual fee, the Nubank Card is the absolute leader in Brazil. Its purple card has revolutionized the financial market with its simple and transparent proposal, full of benefits.
With the MasterCard Platinum flag, it is accepted in countless establishments around the world and offers a loyalty program that accumulates points with every purchase made. Simply incredible!
In addition, Nubank offers an app that puts control of your financial life literally in your hands, making life easier for its customers. Want to find out more about the Nubank credit card? Read on to discover the advantages, disadvantages and other information.
Who issues the Nubank credit card?
Founded in 2013, Nubank has already made a name for itself by being voted by Forbes magazine as the best bank in Brazil in 2020. In addition, in 2021, it was the only Brazilian company to appear on Time magazine's list of the 100 most influential companies in the world.
It's no wonder that the little purple one has become the country's favorite. Nubank is Latin America's leading fintech company and one of the 10 most valuable unicorn startups in the world. Its aim is to help millions of people overcome barriers by offering a range of financial services.
As a result, it has become a phenomenon among Brazilians due to the ease of approval, the speed of the entire process and the excellent 100% digital service.
What is the card's limit?
Although Nubank does not require a minimum income to approve a credit card, it does carry out a credit analysis of its customers. Therefore, the approved credit limit may vary according to each customer's credit score.
If you receive a lower limit than expected, you can request an increase at any time via the app, with a minimum limit of R$ 50. According to the bank, there are some financial behaviors that can increase this limit, such as:
Make full payment of the invoice by the due date;
Reaching the minimum amount of purchases per card bill;
Update your income in the app;
Keep your CPF unrestricted.
Credit card with "guarantee" at Nubank: what is it?
With Nubank Invest, it's easier to increase your credit card limit. With this feature, you can turn your account balance into a limit. But how does it work?
You need to have a NuConta and, to have the limit released, you just have to put an amount from your Nubank account as the limit, which can be up to R$ 5,000. In the app, this option appears as "add more limit".
For example, if you want to have a limit of R$ 600, you transfer this amount from your account and it is immediately released for use on your credit card. So when you make a purchase of R$ 450, part of the money is set aside and your new available limit becomes R$ 150. When you pay the card bill, the limit returns to R$ 600.
The best thing is that you can deposit as many times as you like and even make purchases in installments, unlike prepaid cards. What's more, you start to build a relationship with the bank and Nubank can make a higher credit limit available in the future, depending on how your financial behavior is assessed.
How does card interest work?
When you don't pay or only pay the minimum amount of your credit card bill, you are charged revolving interest. Although Nubank has plans to abolish the use of revolving credit cards, the rate currently ranges from 2.75% to 14% per month on average. However, this can vary depending on the credit analysis carried out by the bank on the customer.
Nubank is much more than just a credit card; it's a universe full of unlimited advantages.
In the scenario of credit cards with no annual fee, the Nubank Card stands out as the undisputed leader in Brazil. Its iconic purple color has transformed the financial market with a simple and transparent approach, full of benefits.
With the MasterCard Platinum flag, it is accepted in countless establishments around the world, as well as offering a loyalty program that accumulates points with every transaction made. Truly extraordinary!
In addition, Nubank offers an app that puts control of your financial life literally in your hands, making life easier for its customers. If you want to find out more about the Nubank credit card, read on to discover its advantages, disadvantages and other information.
Who issues the Nubank credit card?
Founded in 2013, Nubank quickly gained recognition, being voted by Forbes magazine as the best bank in Brazil in 2020. In addition, in 2021, it was the only Brazilian company to appear on Time magazine's list of the 100 most influential companies in the world.
It's no wonder that the little purple one has become the country's favorite. Nubank is Latin America's leading fintech company and one of the world's 10 most valuable startups. Its purpose is to help millions of people overcome barriers by offering a wide range of financial services.
As a result, it has become a phenomenon among Brazilians thanks to the ease of approval, the speed of the whole process and the excellent all-digital service.
What is the card's limit?
Although Nubank does not require a minimum income to approve a credit card, it does carry out a credit analysis of its customers. Therefore, the approved credit limit may vary according to each individual's credit score.
If you receive a lower limit than expected, you can request an increase at any time via the app, with a minimum limit of R$ 50. According to the bank, some financial behaviors can increase this limit, such as:
Pay the full amount of the invoice by the due date;
Reaching the minimum amount of purchases per card bill;
Update your income in the app;
Keep your CPF unrestricted.
Credit card with "guarantee" at Nubank: what is it?
With Nubank Invest, it has become easier to increase your credit card limit. With this feature, you can turn your account balance into a limit. But how does it work?
You need to have a NuConta and, to have the limit released, simply assign an amount from your Nubank account as the limit, up to R$ 5,000. This option appears as "add more limit" in the application.
For example, if you want to have a limit of R$ 600, simply transfer this amount from your account and it will be immediately available for use on your credit card. In this way, when you make a purchase of R$ 450, part of the money is reserved, making your new available limit R$ 150. When you pay the card bill, the limit returns to R$ 600.
The best thing is that you can deposit as many times as you like and even make purchases in installments, unlike prepaid cards. What's more, you start a relationship with the bank and Nubank can provide you with a higher credit limit in the future, depending on its assessment of your financial behavior.
How does card interest work?
When you don't pay or only pay the minimum amount of your credit card bill, you are charged revolving interest. Although Nubank has plans to abolish the use of revolving credit cards, the rate currently varies from 2.75% to 14% per month on average. However, this rate can vary depending on the credit analysis carried out by the bank on the customer.
