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If your credit card limit does not meet your consumption needs, know that there is a solution: credit on the credit card.
With this tool, you can divide your purchases into larger installments and even have a higher limit to buy more items.
In today's text, you will understand exactly what it is, how it works, advantages, risks and much more! Be sure to check it out!
See below what is covered in this post:
- What is credit on a credit card?
- How does it work?
- What are the main advantages and risks?
- How to buy?
- Which cards offer this service?
- Bank of Brazil.
- Bradesco.
- Conclusion.
What is credit on a credit card?
If you are interested in credit services, you should know that there is a way to pay for purchases in installments that is not yet very common, but that many banks and card operators already offer.
With this form of installment payment, the customer has more time to pay, as they can divide the value of their purchases into up to 36 or 48 installments depending on the financial institution.
This means you can purchase more items, but have more time to pay and with installments that fit your budget.
THE credit card installment It offers benefits to both the consumer and the retailer, however, caution is required when using it.
How does credit card installment work?
With this system, your purchasing power can be much greater, as it offers benefits to retailers, and is increasingly being accepted.
THE credit card installment is an extra limit on top of your normal credit limit, however, it has some differences, for example, rates smaller and more installment options.
Normally, with the credit card You can only pay for your purchases in up to 12, 15 or 18 installments, which ends up limiting you, preventing you from purchasing more expensive or even better products or services, as the installments will not fit your budget.
However, With this extra limit it is possible to buy more or better products, this is because you will be able to pay in more installments and have more time to pay, in smaller installments, even.
When requesting this limit, it is necessary to go through credit analysis, if the bank approves, you take your purchase home.
If the customer has a pre-approved limit, they can choose this payment option on the card machine, and the installment options and the amount with interest and surcharges will appear at the same time.
One of the benefits for the retailer is that they can receive the money for the purchase in a maximum of 5 business days, meaning they don't have to wait a month for the money to be available, as with other payment options.
What are the main advantages and risks?
One of the main risks to stand out is the misuse of this extra limit. It can make you accumulate debts that you will not be able to pay, as a result of which you will lose your credit and even end up on the defaulters' register.
Furthermore, since you can pay in more installments, you are also tied to this debt for longer.
The advantage we can highlight is the increased purchasing power, you will be able to take better and more expensive items, but with reduced rates and more time to pay.
Other than that, you can divide it into small amounts that won’t weigh down your pocket or disorganize your financial life.
How to buy on credit card?
First of all, you need to have this extra limit available, then, when paying for your purchases, just inform that you want to pay in credit card installment plan.
Oh! It is worth noting that it is important to check whether the establishment accepts this form of installment payment, in addition, it is only accepted on Elo, Rede or Get Net machines.
You can do the simulation at the time of purchase and see how much you will pay with the addition of interest and other rates, if you do not agree with the values of the simulations presented, simply do not proceed with the operation.
Which cards offer this extra limit?
This installment payment method is not yet available for all cards, see the compatible issuers below:
- Bradesco;
- Box;
- Carrefour;
- Itau Unibanco;
- Santander;
- Bank of Brazil;
- Votorantim.
One of the pioneering banks to provide this service is Banco do Brasil, however, Bradesco is also a reference in the subject. Check out more details below.
Credit card installment plan from Banco do Brasil
This product is offered only to customers of Ourocard Visa card or Link. Your purchases can be paid in up to 48 installments, and the interest rates are formidable.
In addition, the installments are fixed and fit perfectly into your financial budget. Another benefit of credit on Banco do Brasil credit card is not to exist hiring fee, therefore, you already save in this regard.
Credit on Bradesco credit card
At Banco Bradesco you can pay for your purchases in up to 36 installments, however, this service is only offered to customers with a Visa, Elo, or Mastercard card.
For the Bradesco credit card installment plan You just need to have a limit available on your card, so you can use the limit you don't use for fear of the installments being too high.
This way, you will be able to purchase that product for your family that you have been wanting for ages!
Now, if you do not have enough limit, you can request an increase in your limit through some of Bradesco's service channels or at your branch.
Leave this new increase only for you to use in this role.
If you don't yet have a Bradesco credit card, you're missing out on the opportunity to purchase several items that are trends in the world of fashion, launches and promotions, for example.
Therefore, read our text and learn about the card. Bradesco Neo Visa International credit. It has an affordable annual fee, but it can be waived by accumulating R$$50.00 on the monthly bill.
In addition, with this card you can purchase and pay for your purchases in installments in Brazil and abroad, not to mention that you can also enjoy the travel benefits of Go Visa program.
Don't miss this opportunity and get your card now!
Conclusion
With credit on the credit card, you have even greater purchasing power, however, with installments that will not harm your family financial planning.
Even if you have reduced interest rates and a longer period to pay, it is important to check that the installments will not harm you and, who knows, hinder or negatively change your family's quality of life.
This installment payment method can increase your purchasing power and be advantageous for the retailer, however, it is important to use it wisely to avoid over-indebtedness.
So, use this extra limit to your advantage, as your ally, and always have control so as not to become an enemy in your financial life.
Did you like this new feature? Take the opportunity to learn more about the Bradesco Neo credit card and see how easy it is to use the installment option. Click the button below and find out more!
