For those of you who enjoy our portal of tips and information about the financial market, today we have brought you another exclusive article.
A credit card is a line of credit issued by a company or financial institution, which provides a certain amount of credit to the consumer. The consumer, in turn, agrees to pay for the purchases made by a certain date.
It is very important to remember that the credit card information we provide here is subject to change, as each bank may change it according to its own credit policies.
In other words, we can say that a credit card allows you to spend a certain amount without having to have cash on hand. Instead of paying before you take it, you can purchase a product or service and pay for it at the end of the bill. The amount spent with the credit card is charged at the end of the bill, which, once paid, provides a new limit.
Credit card, useful tips from experts.
It is important to note that at the exact moment you apply for a credit card, the company performs a credit analysis of the customer's financial situation to establish the credit limit. This is when the debt history and monthly budget are analyzed by the institution. The credit limit will be established according to the consumer's risk of default.
Credit card limit and other information – corresponds to the maximum amount that can be spent until the invoice is closed. For example, if the credit card has a limit of R$$400, the consumer can make purchases of the same or lesser amount. If a purse is purchased for R$100, the limit will become R$300 until the invoice is closed. After the invoice is paid, the limit will return to R$$400.
Depending on the bank or company issuing the credit card, the requirements for applying for a card will vary. In some institutions, it is only possible to apply for the card in person, while in other companies the card can be applied for online.
Generally, the documents required to apply for a credit card are your ID, CPF, proof of residence and proof of income. However, it is recommended that the consumer find out about the requirements before going to the location. This information can be found on the respective platform, telephone number and customer support email.
Best bank to apply for your credit card
To apply for a credit card from Banco Itaú, the first step is to choose the best credit card option. On Banco Itaú's website, users can take a quick, interactive quiz to find out which one best suits their needs.
It is worth remembering that the credit card application is made by filling out a form on the website itself, in which the consumer must provide their first and last name, email, 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, it is possible to request a credit card in the account area itself.
For more information, visit Bank of Brazil website.