Due to the current economic crisis, granting a syndicated credit card has become more difficult, due to the fact that many Brazilian consumers are negative or low score on Serasa and SPC. Because of this, the Nubank Unlimited pre-approved credit card launch.
The new released tool can be used as a regular card for online or face-to-face credit purchases. However, in order to obtain the limit, it is necessary to add an amount to the account that will be converted into a balance. This pre-approved unlimited card option is not yet available to all Nubank customers, due to the testing phase.
Nubank CEO Christina explains, “In Brazil today there are more than 60 million people who are unable to approve a traditional credit product because they do not have a history or have a ‘dirty name’ in the main offices and current public data sources” Junquera.
The Nubank credit card for negatives
When a customer rents out the company’s service, he gets an unlimited pre-approved card. This way, he can create your credit card. To do this, it is necessary to deposit in the digital account of Nubank, where you are the owner, an amount that will be transferred for use in the card.
In the application, the option corresponds to “Add a border”. Automatically, by doing this, the value added to the account becomes the maximum credit card value actually available for purchases. For example: If the customer deposits 500 BRL, this amount will be the maximum amount for the card. Indeed, if during the month he used only R $ 300 off the initial limit, he would have, after the bill expires, a new limit of R $ 200, which corresponds to the unused amount on the card.
It is worth noting that the new card Nubank It’s not restricted to Negativados or for people with low scores. The method is open to all consumers regardless of their financial situation. Regarding deposits, they can be made unlimited according to the user’s wishes.
The transactions made with the card can be tracked with the fintech app. Plus, when using the account the traditional way, it’s possible to make PIX transfers, pay vouchers, bills, and more. However, the Nubank app provides customers with a network of service and benefits for their financial life.