a nubank It is the most used digital bank in Latin America. Fintech offers many services and benefits to customers, such as a credit card with no annual fees. However, when issued, many users wonder about the low card limit or the delay in granting a credit increase.
With this in mind, the Digital Bank has launched a tool that partially or fully retains the balance for use as credit. Thus, a customer who wants to make a purchase in the amount of R$600, for example, can deposit the amount into his account and keep it as a credit line.
The amount deposited into the account and used as a credit is not available for use until the card bill is paid. After payment, the amount is released, at the discretion of the customer how the funds will be used.
However, it is important to note that if payment is not made by the due date, the bank will use the reserved balance to settle the bill.
According to the information received from nubankthe customer can use a balance of up to 5 thousand Brazilian riyals In the function of building a limit on a credit card. In addition, the customer can make local and international purchases, both in person and virtually.
It is possible to use a balance of up to 5 thousand Brazilian riyals In the function of building a limit on a credit card. In addition, the customer can make both domestic and international purchases, both in person and online.
How do you use this tool?
- Access to the application nubank;
- Enter the list of credit cards;
- Click on the “Set Limit” option;
- Once done, tap on Maximum Booking and enter the desired amount.
Service Advantages
Although it does not seem very useful, given that it is the customer who provides his own limits, the function can be very useful for those who do not have pre-approved credit.
“This card works like this for a simple reason: Instead of denying access to a credit card, we let you create a credit history with us: by booking a limit and paying your bill for a while, our system can create a new credit history for future analysis based on your behavior, and with more information, gives you a pre-approved limit,” fintech explains.
How can you increase your credit limit at Nubank?
To determine the limit value that each customer will have, the digital bank uses algorithm-based technology. In this sense, those who offer more favorable conditions, such as greater purchasing power, for example, will benefit more from credit.
Tips to increase your nubank card limit
- avoiding delays in paying bills;
- Payment before the due date or by the due date;
- Choose the bill due date according to your salary payment;
- Do not pay the minimum invoice amount, as this will activate the revolving credit;
- Keep your monthly income updated in the app nubank;
- Frequent use of your credit card;
- Use the card more often without going over the limit;
- You don’t have debts.
In addition, another factor that can help the customer is not having a bad name in credit protection agencies, such as SPC and Serasa. Being negative causes your credit score to drop quickly, thus reducing your chances of hitting an upper limit.
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