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If you believe that credit cards do not offer financial gains, you certainly do not yet know the proposal of Rico Credit Card.
Rico is a company focused on financial solutions, especially for the investment sector, aiming to facilitate access to the sector for those who have no experience.
With that, the brand's card promises investback, free annual fees and many other benefits, but is it worth it?
In today's content we will learn about the proposal in detail, so if you are interested in this card, continue reading!
Meet the Rico Credit Card
You certainly know someone who avoids using a credit card as much as possible, and this fear is usually related to interest rates.
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Some financial experts claim that using a credit card is one of the main causes of debt and reduced purchasing power, after all, payments made using credit do not usually offer advantages due to the interest rates applied.
But the good news is that things are changing, and today there are several innovative proposals in the credit sector, and one of them is Rico Credit Card.
Rico is a financial platform that focuses on popularizing access to knowledge in the investment sector.
On its website, the company says that “investing is for everyone, and, most importantly, that it can be done without complexity, without “economy jargon” and without intermediaries selling products to you.”
The Rico Credit Card is a product with this proposal, since to request it you need to make an initial investment of R$1,000, and the card offers the investback proposal, where for each purchase made a percentage goes to your investment portfolio.
The idea is that you use a credit card that encourages you to invest, thus enabling you to build a positive financial life.
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What are the advantages of this card?
As we can see, the Rico Credit Card proposal is quite different, although we already have several cards in this modality. conversion of investment into credit.
However, the difference with this card is that the credit limit is not related to the amount applied, since Rico carries out a credit analysis normally.
See below the main advantages of this card:
Free annual fee
With the Rico Credit Card you don't need to worry about paying annual fees and unnecessary fees.
6 free additional cards
Additional cards allow you to manage your finances centrally, and with the Rico Credit Card you don't need to spend money to request new versions.
Visa Infinite Benefits
Having a card with the Visa Infinite logo is highly advantageous, as you enjoy exclusive travel benefits, such as: travel insurance, restaurant discounts, concierge service and much more.
Progressive Investback
The Rico Credit Card allows you to receive cashbacks from 0.5% to 1% for expenses on your bill. The higher the bill amount, the more cashback is released, and the best part is that this is converted into investment.
This way, while you use the card, you will be gradually increasing your investment portfolio.
How does Investback work?
The central proposal of the Rico Credit Card is investback, since the campaigns for this card tend to attract the public's attention.
Investback works like this: if you spend between R$1,500 and R$2,999 on your bill, you will receive a cashback of 0.5% of the amount. For spending over R$3,000, the cashback is 1%.
It is worth mentioning that this cashback is converted into investment, so with each invoice paid you have the possibility of increasing your investment portfolio.
At times, Rico announces campaigns in which cashback rates are higher, but these campaigns are seasonal and have specific rules.
Who can apply for the Rico Credit Card?
In principle, anyone who has R$1,000 for the initial investment can apply for the Rico Credit Card.
However, it is important to note that the application for this card is subject to a credit analysis, so you also need to have a positive financial profile to obtain it.
Furthermore, anyone who meets these basic requirements can apply for the card, as the company does not describe minimum income or other rules on its website.
Step by step guide to requesting your Rico Credit Card
Check out the step-by-step guide below to order yours Rico Credit Card.
- Open yours Digital Account in the Rico app;
- Then, access the investments tab in the App and make your first investment, with a minimum value of R$ 1 thousand.
- Once this is done, wait for the credit analysis process, which can take up to 14 days. This procedure will determine the limit released for your card.
- Once the card is released in the app, simply wait for the physical version to arrive at the registered address. However, if you wish, you can now use the virtual version.
Applying for the Rico Credit Card is simple and free of bureaucracy, so if you are interested in the proposal and have the initial investment amount, place your order and enjoy the benefits.
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