If you are looking for a credit card that has several advantages and is free of annual fees and collection charges, know that there are several fintechs that offer this type of service.
With that in mind, today we are going to talk about the new PicPay credit card, called PicPay Card, where customers can make purchases at establishments that partner with the company and earn various discounts and even cashback.
So, check out now how it works PicPay credit card, how to apply and what are the advantages and disadvantages of this card.
About PicPay
THE PicPay is a Brazilian application, created in Espírito Santo, in 2012. It is currently available for download for devices Android and iOS.
The app works like a digital wallet, where you can make purchases and payments directly from your smartphone, using a credit card or cash.
In addition, the company has recently launched a new product, which is the credit card exclusive to customers, called PicPay Card.
How does the PicPay Card work?
THE PicPay Card is a credit card released by the company PicPay which has no annual fees or charges, in which, just like the app users, it is possible to receive a percentage of the money spent back, with the cashback function.
In addition, the card is accepted in several stores and departments that are partners of the company. PicPay card It also has a contactless payment system and is accepted on websites and stores in several countries, as it has an international flag.
How do I request a PicPay Card?
To request the PicPay Card, just access the website PicPay, click on the button “Order yours now”, then you will be directed to a page indicating where to request through the application, if you are already registered.
But if you don't have an account yet, PicPay, you can also register on the website and download the app to continue your registration, providing your personal data, such as ID, CPF, which credit cards or banks you use most, etc.
Also, if your friends already have an account on PicPay, you can synchronize your contacts and follow them all. This way, if you need to transfer or charge something to one of them, just click on their profile and make the payment or charge.
Within the application, on the home page you can click on the option “Request Card”, complete a quick registration and then wait for a credit analysis. After that, if your application is accepted, just wait for the PicPay contact us to send the credit card to your address.
Interest Rates
The interest rates charged by the PicPay Card of the company PicPay are approximately 2.99% for each installment of a purchase and 3.49% per month. Therefore, it is worth checking whether these fees will not compromise your budget.
PicPay Card: Advantages and Disadvantages
One of the main advantages of PicPay card is that it is free of annual fees and additional charges, unlike bank cards, for example, which charge usage and annual fees.
Also, as we mentioned earlier, the PicPay card It is accepted in several partner establishments and has the cashback option. In which part of the amount spent on purchases is returned to the customer's wallet. PicPay of the client.
Another advantage is that it has a Mastercard flag and is international, so if you are outside the country, you can make purchases without any worries.
However, one of the disadvantages is the interest rates for each installment of a purchase, in which 2.99% are charged and also by the company carrying out a credit analysis, thus making it impossible for those with negative credit scores to apply for the card.
Services
For more information about the services of PicPay or about the PicPay Card, access the official website of PicPay and download the app, available for Android and iOS, or contact us by phone at 0800-025-2000.