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Nubank Surprises With Up To R $5 Thousand Issuance For You Today (03/19)

a nubank, One of the largest digital banks in the country, it provides its customers with access to a series of premium services, with highlights Credit card With an annual payment of 0. However, liberalization of credit does not always satisfy people, as the limit can be much lower than expected.

With this in mind, in order to offer the best experience to its customers, fintech has launched a service Keeping part of the account balance to use as credit. Thus, if a customer wishes to make a purchase of R$600, for example, he can deposit the amount into his account and hold it as a maximum.

However, the amount deposited into the account and used as a balance is not available for use until the card bill is paid. Thus, after the payment is made, the amount is released to be used as the customer wishes. However, if payment is not made by the due date, the nubank The reserved balance will be used to settle debts.

According to FinTech, The user can use a balance of up to R$5,000 in the function to build a limit on the credit card. In addition, the customer can make local and international purchases, either in person or virtually.

How to build your limit on Nubank

Using the new function is very simple. Check out the steps below step by step:

  1. First go to the application nubank;
  2. enter the list of credit cards;
  3. Click on the “Set Limit” option.
  4. Finally, click on “Maximum Reserve” and enter the required amount.

Advantages of the new service

Although it does not seem useful to many, given that it is the customer himself who provides his limits, the function can be very useful for those who do not have previously approved credit.

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Nubank can issue a limit of R$5,000 to you today (03/19). Photo: playback.

“This card works like this for one simple reason: rather than denying you access to a credit card, we let you build a credit history with us: by setting a limit and paying your bill for a period of time, our system can make a new future analysis based on your behavior, and with more of information, it gives you a pre-approved limit,” Nubank explains.

Nubank line of credit

First, to determine the credit limit that will be available to each customer, the digital bank uses algorithm-based technology.

Therefore, those who are not in good financial conditions, such as increased purchasing power, for example, will benefit more from credit.

Tips for increasing your Nubank Card Limit

  • avoid late payment of bills;
  • Pay before the due date or by the due date;
  • Choose the invoice due date according to your salary payment;
  • Do not pay the minimum bill amount, as this will activate revolving credit;
  • Keep your monthly income updated in the app nubank;
  • use your credit card frequently;
  • Use the card often without going over the limit;
  • You have no debts.

In addition, another factor that can help the client is the lack of a bad name in credit protection agencies, such as SPC and Serasa. Being negative quickly lowers your credit score, thus reducing your chances of winning with a higher limit.