Credit card for people with bad credit with a limit, is it possible?

But is it possible to have a credit card for those with bad credit with a limit? Discover the best options that meet this need in this content..

In fact, we know that a person with a negative name has great difficulty in accessing lines of credit, such as cards and loan personal, for example.

However, approval is not impossible! Generally, the most common options for granting credit to those with bad credit are the payroll and prepaid options.

Having a current account at a bank and making frequent transactions also greatly increases your chances, as is the case with Nubank, which we will see below.

Want to know if it's possible to get a credit card for people with bad credit with a limit? Keep reading!

1 – Credit card for people with bad credit with Mercado Pago limit

First of all, the Mercado Pago credit card is a type of prepaid card. However, depending on your transactions in the digital account, it is possible to have a limit released on the card and on the credit market, to make purchases in the marketplace.

The card is Visa-branded and works in both credit and debit modes. In fact, with this option, the customer increases financial control, as well as having greater ease when purchasing digital services, such as Netflix, Disney Plus, among others.

Read also⤵️⤵️⤵️

👉The best prepaid credit card options!

👉Credit Card for self-employed people with bad credit

Advantages of Mercado Pago

Free Annual Fee: the customer does not need to worry about charging fees and can therefore save more money.

Installment payments for purchases in up to 18 times: Purchases on Mercado Livre can be paid in up to 18 interest-free installments.

Market Share Points: make purchases with your Mercado Pago card and earn double points in the institution's rewards program.

This way, you have cheaper shipping and subscriptions.

Visa Gold Card: Enjoy all the benefits of Visa Gold, such as protection against theft and accidental damage, without paying anything extra for it.

Debit and credit: the card is multiple and works as a debit and credit card!

Read also⤵️⤵️⤵️

👉The best credit and debit card options.

👉Credit Card that does not check SPC and Serasa.

👉 Credit card approved with low score: which is the best?

Financial control via the App: Control your expenses through the App. You can even pay bills, top up your account and download reports with your expenses.

How do I apply for this card?

First of all, to apply for this card you need to open a digital account at Mercado Pago. The procedure is ready in a few moments, after that select the help option and click on “Mercado Pago card”

Then look for “I want the credit function on my card” and join the waiting list. In the meantime, you can use the prepaid function normally, purchases are deducted from your account balance.

Read more🔜 Credit Card That Doesn't Require a Photo: Know Your Options!

2 – Credit Card for Those with Bad Credit Caixa Simples

From now on, the credit card Simple Box is intended for retirees, INSS pensioners and Federal Public Servants. With it you can make purchases both in Brazil and abroad, in addition to customize the benefits according to your needs.

Advantages of a credit card for those with bad credit with a Caixa Simples limit

No annual fee: Caixa Simples does not charge an annual fee, the only fee is the issuance fee and the customer can pay in up to 3 installments.

Cheap Interest Rate: revolving interest is one of the lowest, ranging from 2.7% to 3%.

It does not have SPC and Serasa consultation: without consultations also available for those with bad credit. However, customers with debts at Caixa cannot join.

Flex Link: This option already comes with 5 benefits included for you to use for free, such as Elo Wifi, Basic Residential, Emergency Auto II, Installation and Fixation and the Elo Mania Club.

The cool thing is that with Elo Flex you can exchange the benefits for others that meet your needs.

How to hire Caixa Simples?

First of all, if you are not yet a Caixa customer, you need to look for a physical branch near you. On the other hand, if you are already a customer, you can place your order directly through WhatsApp 0800 726 01 04 or at ATMs.

Gather the necessary documents to start the procedure: ID, CPF, proof of residence and benefit statement. Federal public servants must pre-authorize Caixa through the SIGEPE portal.

3 – Credit card for people with bad credit with Bradesco Elo Consignado INSS limit

Initially, the Bradesco credit card for those with a negative credit limit is accepted in thousands of establishments throughout Brazil. It also does not charge annual or issuance fees.

Advantages of a credit card for those with a negative credit limit from Bradesco

Besides not having SPC and Serasa consultation, the Bradesco Elo Consigned has a series of advantages and benefits for customers. Check it out!

• The installment amount is discounted directly from the benefit;
• The annual fee is zero;
• Emergency withdrawals available to customers in Brazil and abroad;
• Discounts on shopping, restaurants and hotels;

However, the request is only for a group of INSS retirees and pensioners. The request is made directly at the nearest Bradesco branch.

4 – Banco Pan: The Credit Card for People with Bad Credit Approved Instantly

The fourth credit card suggestion for those with bad credit with a limit from Banco Pan is one of the most advantageous. In addition to not having annual fees, the limit can reach up to twice your salary!

Furthermore, the invoice amount is deducted directly from the payroll. This way, the customer avoids forgetting to pay, improving their financial health. After all, if you pay on time, you won't have to pay late fees.

Another point to highlight is the possibility of making purchases in installments and also cash withdrawals available within the card limit. However, the Banco Pan payroll card is exclusive to retirees, INSS pensioners and public servants.

Advantages of a credit card for those with a negative credit limit from Banco Pan

• No annual fees;
• Lower interest rates;
• Possibility of making cash withdrawals and installment purchases;
• The invoice discount is made directly from the payroll;
• Credit cards are accepted in thousands of establishments;
• Participation in the Banco Pan Offers Club;
• Available for those with negative credit;
• Credit limit available on the card of up to 2x the salary amount. How to apply for a Banco Pan payroll credit card?

First, you need to access the Banco Pan website in the “consigned credit card” menu and simulate the limit online. After that, accept the proposal and provide the data requested by the financial institution.

Once the data has been approved, the customer receives the card at home via post. In fact, all transactions, such as invoices, credit limits, etc., are carried out directly via the app on the mobile phone.

5 – Credit Card for people with bad credit with BMG CARD limit

In advance, this is a credit card that does not check SPC and Serasa and has international coverage! Therefore, approval is available to the group of people who are INSS retirees and pensioners and also to public servants.

Banco BMG has been present in the credit market for 90 years and has thousands of banking correspondents throughout the country. See the main advantages below!

Advantages of BMG CARD

• Low revolving credit interest;
• Credit limit of up to 5% the benefit amount;
• Minimum payment amount discounted directly from the payroll;
• Available for those with negative credit;
• There are no annual fees;
• There are no issuance fees;
• Possibility to withdraw up to 70% of the credit limit in cash;
• International credit card.

How do I apply for a credit card for those with bad credit with a BMG limit?

First of all, to apply for this card you have to open a digital account at BMG bank. Just download the app on your cell phone, which is available for iOS and Android.

Then, provide your personal details and have an identity document and proof of address on hand, as the bank requests a photo of both.

After completing this procedure, wait for your registration to be analyzed and select the “BMG credit card” option. The credit card will be delivered to your home by mail.

In the meantime, you can use your digital account for free. In fact, banking services such as transfers and withdrawals are completely free!

6 – Agibank Mastercard Consigned

The credit card Agibank Consigned It is exclusive to customers who receive INSS benefits. The minimum amount of the invoice is deducted directly from the payroll. The remainder of the debt must be paid using a bank slip.

Advantages of purchasing a credit card for those with bad credit with a limit from Agibank!

• Zero annual fee;
• No registration opening fees;
• Possibility of making cash withdrawals at Banco 24 horas using the credit card limit.

How to apply for the Agibank credit card?

To request this card, the customer must first open a digital account at the bank. The entire procedure is carried out via the app on the cell phone. Once the account is active, all they need to do is request this option.

Read also: The best payroll credit card options!

7 – Nubank

Nubank recently launched a credit card function for people with bad credit with a limit. After all, there are more than 60 million Brazilians without access to credit lines because they have a bad credit history or low income.

At the moment, When opening an account with the institution, the customer can add a pre-approved limit to use as credit. Therefore, we can say that Nubank is an excellent option. credit card for self-employed people with bad credit also!

The function is being distributed randomly, meaning not everyone is benefiting yet. The amount added as a limit is not automatically used for invoice payment, as with Pagbank or Mercado Pago. The customer pays the debt at the end of the month like a normal card.

In fact, this amount works as a form of security for receipt by the financial institution. In fact, the pre-approved limit on the card is always available. You also have the flexibility to pay the bill with either the added limit or the available balance in the account.

Advantages of a Nubank credit card for those with bad credit

One of the main advantages is the increased chances of having a pre-approved limit on your purple card. Well, The more you use the card and make payments on time, the greater the chances of having a credit limit approved at Nubank.

Possibility of making purchases in installments: With your card you can pay for subscription services and websites, either in cash or in installments.

Flexibility when using the limit: at any time the customer can add and redeem the limit amount. In fact, you can carry out this procedure as many times as you deem necessary.

No fees charged: There are no issuance or annual fees, everything is completely free.

Higher returns than savings: money deposited in Nuconta yields more than in savings accounts!

The best credit cards with high limits for those with bad credit

In addition to the credit card options with limits for those with bad credit, we have also separated some options that release very high limits. However, the vast majority ask for a “guarantee”, such as an investment in a CDB, or are discounted directly from the payroll.

Credit card with high limit for people with bad credit Banco Inter

One of the best credit card options for those with bad credit and a high limit is from Banco Inter. Also known as “Limite Investido”, the card is linked to the investment in CDB at the Bank.

In other words, after opening a digital checking account at Inter and making a minimum investment of R$$100.00, this amount is transformed into a credit limit. Therefore, the larger your investment, the larger the limit released on the credit card.

To request this option, first look for the “investments – fixed income” tab in the app. Then select the “CDB Mais Limite de Crédito” button to invest. That’s it! The balance is automatically credited to the card while the money is yielding 80% of the CDI.

Credit card with limit for those with bad credit C6 Bank

Just like Banco Inter, C6 Bank also has a credit card option with a high limit for those with bad credit, the CDB Credit Card. In this modality, each R$$1.00 invested becomes a limit.

The minimum investment amount is R$100.00 and can reach up to R$25,000.00. Unlike Banco Inter, which has a yield of 80% of the CDI, C6 Bank yields at a rate of 100%.

To access the benefit, you must have an active digital checking account at the bank and then make the investment. The customer can withdraw the money whenever they want. as long as the amount is in use on the card. The money is credited to the account within 2 business days without bureaucracy. 

PagBank high limit credit card

Our third recommendation for a credit card with a high limit is the “PagBank Guaranteed Limit”. With this option, the customer who invests in a CDB has the limit transferred to the credit card even with restrictions on their name.

Despite the ease, there are also some rules: the first is the minimum investment value of R$300.00 and the second is the maximum value of up to R$100,000.00. However, while the limit is in use on the credit card, it is not possible to make a withdrawal.

The first step to accessing this credit card for those with bad credit with a limit is to open a digital account at Pagbank. Once done, access the option: “cards”, request yours and wait for delivery.

With the financial product in hand, the next step is to invest in the bank's CDB, so set aside the desired amount and look for the “Fixed Income Investments” option and apply the amount. Then, go to the “cards” tab – “increase limit” – “adjust pre-approved limit” and that's it!

How to get a credit card online now?

If you do online credit card It's already easy, after our tips we are sure that your approval will be guaranteed! To do so, just follow the steps mentioned below and wait for your card to be delivered.

Update your personal data on Serasa and SPC

Did you know that even a person with a negative credit score can have a good score? The first step is to be aware of this and show companies your reputation as a good payer as well. Therefore, access your profile now, update your registration data and take the opportunity to activate the Positive Registration!

Select the credit option that best suits your profile

As we have seen, there are two credit card options for those with bad credit with a limit: the card with a limit linked to the CDB and the assigned credit card. The first option is only available to customers with CDB investments at the bank and the second is aimed at INSS beneficiaries, civil servants and public employees.

Gather the necessary documents

After choosing which credit card you will use, gather the necessary documents and the investment amount, if you are going to select the “CDB Limit” option. 

At this stage, have a photo ID, up-to-date proof of residence and, if possible, a proof of income. For public employees or INSS beneficiaries, it is important to have the pay slip or benefit statement on hand.

Place your order and wait for the delivery of your credit card for those with bad credit with a limit

Are your personal details and paperwork all set? Now all you need to do is place your order! Remember that some options require you to open a checking account. On the other hand, there are card options that are approved immediately without this requirement, such as the Banco Pan payroll credit card.

Take the opportunity to read too⬇️⬇️⬇️

🔜 credit that does not require proof of income

🔜How to get a credit card with a bad credit history online

Which card releases credit instantly?

If you already have a checking account with Inter, PagPank or C6 Bank, the credit function can be released immediately after applying for a CDB. Another card option that releases credit immediately are those with immediate approval such as Banco Pan and BMG, available to INSS retirees and pensioners. 

The best credit options for those with bad credit

In fact, a bad credit rating results in many complications when it comes to credit analysis. To give you an idea, In our country alone there are more than 65 million consumers in default. Despite the scenario, there are still good credit opportunities for those with bad credit: the consigned and the guaranteed.

Credit for people with bad credit

At first, credit for those with bad credit consigned It is available to public employees, retirees and pensioners of the INSS and in some cases even employees of private companies with a signed employment contract. 

Therefore, the loan is an excellent opportunity to get a credit card for those with bad credit with a limit. However, the discount is made automatically on the payroll and the amount released depends on the customer's credit margin.

Credit for people with bad credit with guarantees

The second credit option for those with bad credit is that which involves guarantees. As we have seen, the alternatives available today for cards are those linked to CDB, or collateral deposit, as is the case with Nubank.

When it comes to loans, there are more opportunities, such as the use of real estate, cars, cell phones and FGTS balance. You can find out more by accessing our content “What is the easiest loan for those with bad credit and how do I get approved?”

In conclusion, the main credit card options for those with a negative credit limit are prepaid or payroll deduction.

However, there is nothing stopping a financial institution from releasing credit to a customer with good payment habits, even if they have a negative credit history.

Take advantage and also discover the best options for credit card with instant approval online for you to order today! Click the button below and find out more!