For those who have difficulty getting a credit card, Nubank has introduced a card model so that the person can reserve their limit. It works by allowing anyone, even without good financial records, to use traditional credit services. The best part is that this is a great opportunity to improve the customer/company relationship with the bank. Check out!
Read more: Nubank launches innovative service: get to know NuPay
see more
Large Brazilian banks, such as Bradesco and Caixa, are the target of malware…
Alert: these are the dangers of paying the minimum on your credit card bill…
What is the first limit established by the Nubank card?
The initial limit of the Nubank card is calculated based on your profile, which includes research on your financial situation with certain credit protection companies, such as your Serasa score, for example.
Therefore, first an assessment is made to calculate the average income of each person and your faithfulness to your financial commitment, resulting in a higher or lower limit for each client.
Therefore, over time, your limits may increase, which is the case for customers who make good use of of Nubank credit cards and also of other institutions, making your name well in the Marketplace.
Book an automatic limit increase on your card
The novelty is that, in order to obtain the release of the limit used on the card, in the credit function, the customer must keep an amount in his Nubank account and choose the option “Reserve as limit”. In this way, the purchasing power of the customer's card will be defined according to their account balance converted into a limit, which can reach up to 5,000 reais.
For example, if a person wants to have 600 reais to use as credit, he needs to have that balance and choose to reserve it as a limit. Thus, as you use it, this money becomes unavailable to use, as well as the limit.
After Nubank confirms the payment of the invoice, the limit for new transactions will be released again. However, if the person is interested, he can redeem the reserved amount and activate it again in the virtual bank account. This novelty becomes perfect for those who want to pay in installments or want more autonomy over their money.
In addition to those who use the card to set a limit, soon, people who already have a Nubank card with a pre-approved limit will also be able to increase their credit with the “Reserve as a limit” option.