O pix has become so popular that it is no longer just an instant payment method. For that reason, the Nubank now provides pix on credit to its customers. In this way, transfers can be made with the credit card limit, and interest can be paid in up to 12 installments.
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The innovation in payments with the pix
In short, paying Pix with a credit card is an option for those who need to transfer money, but don't have enough balance in their bank account. Thus, instead of using funds from the checking account, the balance on the credit card is used for the transfer and the amount is added to the monthly bill, with the option of paying in installments.
However, be sure to do some financial planning before using this feature, as the pix on your credit card charges additional fees. This is because, operationally, the interest rate, of 3.99% per month, and the Tax on Financial Operations (IOF), which varies from 0.38% to 3.38%, are levied on the value.
2 ways to make pix with a credit card through Nubank
In short, to make a pix with a credit card on Nubank, just follow these steps:
- First, press on the pix area;
- Then choose any transfer option – choose contact or scan the QR Code;
- Then enter the operation value;
- In the payment part, click on “Choose how to transfer”;
- So, choose the option that allows credit card, along with the number of installments;
- On the next screen, confirm the data and view the fees applicable to the operation;
- Press “Transfer” and enter the password to confirm;
- Finally, the transfer amount will be added to your card statement, with no deductions from your balance.
Advantages of this new payment method
The answer is a big “it depends”. The pix in installments guarantees the receipt of money, reducing costs with machine and card fees. For consumers, it is beneficial if retailers pass this cost reduction on to the final price consumers pay.
However, to be worth using this payment method, the discount needs to be greater than the interest you pay with the pix in installments. Also, in an emergency, this approach may not be entirely beneficial, but it can be helpful.
