What is the credit card limit for MEI?

The credit card limit for MEIs can vary depending on several criteria. Read the text to find out more!

Do you know what it is? credit card limit for MEI? 

In today's post, you'll find the answers to these and many other questions related to this card. Be sure to check it out!

See our index below:

• What is a credit card for MEI?
• How does it work?
• Who can have this card?
• What are the advantages?
• What is the credit card limit for MEI?
• What are the best options for this product?
• Conclusion.

What is a credit card for MEI?

THE credit card for MEI is an exclusive line of credit for professionals in this field.

With this product, you can access exclusive financial products as well as other useful benefits for your business.

How does it work?

This item works like a regular credit card; you receive a limit and can use it to pay your bills, pay in installments, and, in some cases, withdraw that limit.

There are different options of corporate credit cards on the market, some are exclusive to Individual Microentrepreneurs and they can have different benefits as well.

However, in practice, they work the same way as the credit card for individuals.

Who can have this card?

This card cannot be requested by just anyone, firstly, it is essential to have a CNPJ to request one.

Furthermore, it's important to check whether your business meets the financial institution's requirements, as these may vary depending on the business model and income.

For example, there are cards that focus on small businesses, but there are also those where the main target is large organizations.

Before knowing what the credit card limit for MEI, there is still a lot of important information to discover about this item, so keep reading.

What are the advantages?

This card can be a great ally for your business, because with its limit you can purchase items for the company and pay in small installments, without compromising cash flow.

Additionally, with a credit card for MEI, you can separate business expenses from personal expenses and have complete control over your spending.

Of course, this item still offers other benefits, however, this depends on the issuing bank and card brand.

For example, Mastercard and Visa offer many benefits to their customers in their loyalty programs.

Some financial institutions also don't charge annual, monthly, or other fees, and they also give you a reasonable amount of time to pay your bill.

Since benefits differ from one institution to another, it is important to compare before choosing the desired option.

In the penultimate topic, we'll introduce you to some credit card options for MEIs, so it'll be easier to know where to start evaluating and comparing.

What is the credit card limit for MEI?

Well, there is no standard credit card limit for MEI, so it is not possible to put an option as affirmative.

When setting a credit card limit, a check is carried out credit analysis and registration. These analyses evaluate several criteria, including the consumer and payment profile of the individual or company.

Based on the data collected, the financial institution defines a value that best meets the applicant's needs and financial possibilities.

Therefore, the credit card limit for MEI It depends on many factors and differs between each person or company.

What may exist is a maximum or minimum limit, for example, the BNDES credit card has a maximum limit of R$2 million, but that does not mean that everyone will be able to get this credit.

Imagine what requirements are assessed for a company to achieve this limit value?

Now, imagine if this limit were extended to all customers, including small businesses. What are the chances of this turning out to be a bad thing?

Therefore, a credit analysis is carried out and the limit is provided according to the company's financial profile.

Typically, the credit card limit is also adjusted according to the item's usage, so if the bank realizes that the company needs more limit and can afford it, it will adjust it little by little.

What are the best credit card options for MEI?

There are currently many corporate card options, each with different requirements and benefits, but today we'll discuss three of them. Read on.

BNDES Card

THE BNDES credit card for MEI is one of the most well-known and sought-after by legal entities. This is because it is simple to apply for, advantageous, and its limit can reach up to R$1,400,000.

The big difference with this card is that the limit can only be used for business expenses on the card's purchasing portal, that is, it must be used as working capital.

Despite being a BNDES product, this card is issued by different institutions, including:

• Bank of Brazil;
• Bank of the Northeast;
• Banrisul;
• Itau;
• Federal Savings Bank.

To find out more details and request yours, click here.

Box

Caixa's corporate card comes with either the Visa or Elo logo. Both have an annual fee of R$1,400.00.

The card is focused on small and medium-sized businesses, and it also has a personalized limit and a revolving financing system.

If you are already a Caixa customer, you can request yours by clicking here.

C6 Business

C6 Bank's MEI card is one of the best available for MEIs. It has no annual fees or charges, and can be used in Brazil and abroad.

With this card, all withdrawals are free, however, there is a limit on the amount you can withdraw using debit.

To learn more details about this alternative and all the benefits it offers, visit C6 Bank Companies.

Conclusion

The credit card limit for MEI can be used to invest in your business, as a great ally, certainly.

However, it is important that it is used judiciously and that the company has adequate financial planning to reap good results.

Meet the MEI Fácil Neon credit card.