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Mercado Pago's digital account is one of the best available today. It's comprehensive and packed with features that make life easier for its users.
Although he doesn't yet have a physical credit card (but there's already a waiting list), he has a virtual credit card.
In fact, it's a credit that they release and that can be used in different ways in the app, including to pay bills.
So, keep reading this text and see how pay bill with Mercado Pago card.
See below what you can see in this text:
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- Advantages and disadvantages of paying bills with a Mercado Pago credit card;
- About the Mercado Pago credit card;
- How to pay a bill with a Mercado Pago credit card;
- Summary.
Don't forget to follow!
What are the advantages and disadvantages of paying bills with a Mercado Pago credit card?
We'll start by discussing the disadvantages, in this case, the interest rates. Mercado Pago has a great digital wallet, but the fintech's interest rates aren't among the lowest.
Other than that, pay bill with Mercado Pago credit card can be very useful in a time of need.
A great advantage is that you can pay your water, electricity, and telephone bills in installments. That is, if you have any of these bills piling up, you can pay them in installments with amounts that fit your budget.
This will definitely help you get organized and avoid having any of these services canceled due to lack of payment.
Additionally, you can apply for a loan with the available credit and pay your bill directly at the lottery outlet.
Evaluate which is the lowest interest rate and choose the best option.
Although it is good, it is important to use it with caution and only when necessary. Otherwise, always pay your bills by debit and avoid interest.
About the Mercado Pago credit card
As mentioned, Mercado Pago doesn't offer a physical credit card, but this week, the fintech opened a waiting list to begin offering it to its active customers.
There is no information yet on when this will start happening, but if you are already a customer and want to know more information and join the waiting list, click here.
Even though you don't have a physical credit card, you have access to a virtual card and a physical debit card.
With a Mercado Pago digital account, you can also request credit from Mercado Crédito and use it for various activities, such as:
- Take out a loan;
- Recharge your cell phone;
- Pay bills with Mercado Pago credit card;
- Enjoy the benefits of the Points Market;
- Pay water and electricity bills;
- Subscribe to streaming services, such as Netflix.
Furthermore, the digital wallet also has many other benefits and features, all designed to make the financial lives of MP customers easier.
Before we teach you how to pay your bill with a Mercado Pago credit card, we need to show you how to get credit, right?
So, keep following!
How to get credit on Mercado Pago
Of course, you will only be able to get credit if you are an active Mercado Livre and Mercado Pago customer.
So, if you aren't already, download the apps and start using them.
Once done, in your Mercado Pago app's menu, look for the Mercado Crédito option. Click on it and see if you have available credit.
Initially, the amount is small, but it increases as you use it and pay correctly.
You don't need to have a clean record, proof of income, or anything like that! The fintech takes into account your financial behavior on the app and your relationship with the company.
Therefore, it's important to have an active account and use the services it offers. For example, you can always transfer money to the account and:
- Make top-ups and subscriptions;
- Pay bills and invoices;
- Make Pix and TED to other accounts;
- Buy on Mercado Livre;
- Leave money saved yielding 100% of the CDI.
Certainly, if you use it correctly and always, you will soon have credit and be able to pay bills with your Mercado Pago credit card.
Now, if you already have a credit limit, see below how to pay your bills.
How do I pay bills with a Mercado Pago credit card?
Open your app and select the “Tickets and Taxes” icon, then either enter the barcode or use your phone's camera to scan the ticket code.
Once this is done, the payment options will appear, choose “Pay with Mercado de Crédito”.
Then, select the number of installments you want to pay in and complete the transaction. That's it! Your bill is paid!
Obviously, the amount of your bill must be less than the available limit, right?
Take the opportunity to read also:
Summary
Mercado Pago does not yet have a physical credit card, but it is possible to pay bills with the virtual Mercado Pago credit card, using the available credit from Mercado de Crédito.
If you don't have it yet, we've already shown you how to request it, but don't forget, use it with caution and awareness.
Be sure to check out our article on How to pay bills with a card without risks.
