For those of you who enjoy our portal of tips and information about the financial market, today we bring you another exclusive article.
A credit card is a line of credit, issued by a company or financial institution, which makes a certain amount of credit available to the consumer. This, in turn, undertakes to make payment for purchases made on a given date.
It is very important to remember that the credit card information we provide here is subject to change, as each bank can change it according to its own credit policies.
In other words, we can say that the credit card allows you to spend a certain amount without having to have the money in hand. Instead of paying before you take it, you can purchase a product or service and pay for it at the end of the invoice. The amount spent with the credit card is charged at the closing of the invoice, which, after being paid, provides a new limit.
Credit card, helpful tips from experts.
It is important to say that at the exact moment you apply for a credit card, the company makes a credit analysis of the customer's financial situation to establish the credit limit. It is at this moment that the debt history and monthly budget are analyzed by the institution. The credit limit will be established according to the consumer's default risk.
Credit card limit and other information – corresponds to the maximum amount that can be spent until the closing of the invoice. For example, if the credit card has a limit of R$400, the consumer can make purchases of equal or lesser value. If a purse is purchased for 100 reais, the limit will become 300 reais until the invoice. After payment of the invoice, the limit will revert to R$400.
Depending on the bank or precisely the company issuing the credit card, the card application requirements will vary. In some institutions it is only possible to apply for the card in person, while in other companies the card can be requested over the internet.
Generally, the documents required to apply for a credit card are the RG, CPF, proof of residence and income. However, it is recommended that the consumer find out about the requirements before attending the site. This information can be found on their respective platform, telephone and customer support email.
Best bank to order your credit card
To apply for a credit card at Banco Itaú, the first step is to choose the best credit card option. On the Banco Itaú website, users can take a quick and interactive quiz to find out which one best suits their needs.
It is good to remember that the credit card request is made by filling out a form on the website itself, in which the consumer must inform his name and surname, e-mail, CPF, and main income.
After filling in the data, the consumer must wait for the credit analysis. If the customer is approved, the credit card will be sent to the registered address.
For those who already have a current account at the bank, in the account area it is possible to request a credit card.
For more information visit the Bank of Brazil website.
