The news of the new Credit Card pleased many INSS insurance customers. The information is according to the official portal of Caixa Econômica, but there are rules for this new card, learn more below.
Caixa Econômica Federal is eyeing a potential market of 33 million customers, which is why it launched its payroll credit card. Initially, the product will be aimed only at INSS beneficiaries and will only be available at branches in Brasília. The goal is to expand the offer to the rest of the country, including Rio, by June 2020.
The new Caixa card has a pre-established limit of around 1.4, which is equivalent to the proportional value of the benefit. There are many advantages in this new card, especially for INSS insurers. Check below for more information.
New Caixa Credit Card – check out more information about fees and interest
Take just one example: a retiree who earns around R$ 1 thousand, therefore, will have access to a credit limit of R$ 1,400. When he requests his credit card, he will have the option of receiving the entire amount in his checking account, as in a loan, or leaving the branch with plastic to use for purchases.
Another excellent advantage of this new credit card is that the value of the installment cannot exceed 5% of the benefit, according to information from Caixa, the rate is higher than the average for a payroll loan, which is 1.8%. If you pay only the minimum amount deducted from the payroll, the customer will settle the debt in 60 months.
The launch of this card is part of the public bank's strategy to increase the offer of products to its more than 100 million customers
Anyway, for more information about Credit Cards? Click here and check the options.
