This is another one of those cards that's been a hit online, but many people aren't familiar with it yet. It's no secret that major digital credit cards are increasingly gaining popularity worldwide.
Especially since the ease of being able to control all your expenses and manage your credit card within the app is fantastic.
With advances in technology, digital credit cards are becoming more popular, and you'll likely still have one. The advantages of having not only a digital credit card but also a digital account are countless.
It's important to note that most financial institutions don't charge annual fees or fees because the fixed costs of having multiple employees or branches are much lower. There's less bureaucracy involved, and there's no need to print multiple pages of contracts.
Users can manage their entire account or card through the app, customer service is more personalized, and these fintechs' social media channels listen more to their customers, among other advantages.
See below the advantages and disadvantages of Pag!
Main advantages of Pag!
- International credit card with no annual fee
- Digital account with no fees
- Unlimited withdrawals through Banco 24 Horas
- Unlimited TED to any bank
- Free duplicate card
- Digital invoice
- Mastercard Surprise
- Chat support via the app
- Payment of bills and bank slips
- Cell phone top-up
Check out the main disadvantages of Pag!
- It is not possible to receive DOC/TED from other banks. It is only possible to send;
- The account is only available with a credit card. Therefore, those with bad credit cannot use the service;
- There are no investment and savings options;
- Another thing that is also not possible is registering accounts for direct debit;
- There is no possibility of coverage by the FGC (Credit Guarantee Fund);
But it is necessary to explain the other negative point of it: it does not allow the user to receive transfers via DOC/TED or deposit checks and there is still no protection from the Credit Guarantee Fund.
Finally, to keep this article from being too long, this card is undoubtedly a good option for those who want a credit card or have not been approved for another digital account like Banco Inter.