What is a payroll credit card?

The payroll credit card is more advantageous than the traditional model. In addition, it is also less bureaucratic.

What is a payroll credit card?

This option is exclusive to INSS retirees and pensioners, federal, state and municipal public servants. In addition, it is a credit card that does not check SPC and Serasa, also available to those with bad credit.

It stands out because the minimum amount of your invoice is deducted directly from your payroll or benefit.

How does it work?

Now that you know What is a payroll credit card? You must be wondering how it works, right?

In fact, it works like a regular credit card, but it is exclusive to a specific group and the minimum amount is discounted from the payroll or benefit.

The installments are limited to 5% of the salary or benefit value, that is, this is the assignable margin.

For example, a person who receives R$$3,000.00 may have up to R$$150.00 discounted from their payroll or benefit to pay off the invoice installments.

However, if your expenses are higher and the installments are higher, you can choose to pay the remaining amount in cash.

Another option is to choose revolving credit, the interest rate for revolving credit on the payroll card varies from 3% to 4.5% per month.

With it, the user can also withdraw up to 70% from their credit limit.

In addition, it has other advantages that make it more advantageous. See below what they are!

What are the advantages of a payroll credit card?

The main advantage of a credit card is that it accepts people with bad credit. That's right, you can get one even if you have a bad credit history.

Additionally, your credit score is not considered and it is easier to approve.

Another important advantage is that the interest rate on the payroll credit card is lower than that of traditional cards.

Currently, the maximum rate is 2.70% per month. Since there is a guarantee of payment of the minimum invoice amount, it is possible to offer a lower interest rate.

This is because the risk of default is also lower.

Something unusual and very advantageous about this card model is that the debt amount can be paid in installments over up to 72 months, just like with a payroll loan.

If you are retired and receive a pension from INSS, you can pay in installments over up to 84 months.

Finally, it is worth highlighting that the available limit is also interesting, being able to reach up to 1.6 times more than the value of the payment or benefit.

Now that you've discovered What is a payroll credit card? and its main advantages, see below how to apply.

How to apply for a payroll credit card?

Another advantage of this card is that it can also be requested 100% online, that is, without having to leave home.

It all depends on the institution where you request it, but most already make it possible to request this service online.

So, to apply for one, you need to look for a financial institution that offers this product.

Before choosing, it is important to compare some options to know which is the most advantageous.

Once this is done, see which channels are available to open an account and request your card, for example, at a physical branch, through the app or website.

See below for some suggestions.

Institutions to make this card

The credit card assigned to Pan Bank There is no annual fee and the limit is up to 2x your salary or benefit.

To request it, you need to open a bank account and then send a proposal requesting a card.

THE Banco Inter payroll card It also has no annual fee and accepts people with bad credit. With it, you can withdraw up to 90% from your limit.

Open your account at Inter and request yours!

The consigned card of BMG Bank has a limit of up to 1.6x your benefit. In addition, there are no annual fees or hidden fees.

To request your click here and open your account.

With the credit card assigned to Cetelem Bank, You don't pay an annual fee and you can make withdrawals at any ATM 24 hours a day.

In addition, you also get 20% in discounts at several partner stores. Request yours at WhatsApp.

Conclusion

This card is certainly more advantageous than the traditional model.

Therefore, if you are eligible to apply for one, but are in doubt between it and the regular one, opt for the consigned one.

Before choosing a financial institution to open an account and apply for yours, don't forget to compare to find out which option is the most advantageous and economical for your pocket.

So, did you enjoy finding out? What is a payroll credit card?

Take the opportunity to also discover the best options for credit card that does not check SPC and Serasa. Click the button below and find out more!

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By: Nara updated ago 7 months back

What is a payroll credit card?