a Nubank Educating interested parties to launch a service that focuses on the audience that has nothing to do with other financial institutions (banks) and the group of negative people. This is a great opportunity for anyone wanting to obtain a fintech credit card.
The new proposal allows adding funds to citizens to make purchases in several establishments. The goal is to give customers an opportunity to build a positive track record with digital banking.
“In Brazil today there are more than 60 million people who cannot be approved for a traditional credit product because they do not have a history or have a ‘dirty name’ in the main offices and public data sources,” said Christina Junqueira, co-founder of Nubank, Christina Junqueira, co-founder of Nubank. Current.
A credit suggestion
According to a survey by the company, about 20% of its customers have never used a credit card in their lifetime. However, Christina says that in addition to providing an opportunity for the citizen to create a financial history, the company will make the Nubank card more accessible for those enrolled in CPF.
She also says this will be the “first experience with a traditional credit card-style product”. The new tool will enable purchases in both physical and virtual stores, by way of cash credit or in installments.
How to use the post
Those interested in Nubank’s new functionality should check if this option is available in the bank’s app. The company announces that the new method is still in the testing phase and therefore will only be available, primarily for a small group of users.
With approval, the customer simply transfers any amount from the Nubank account to the card, thus the amount will be automatically transferred to a credit limit available for purchases with the card.
For this, once the balance is used in the credit issue, the amount is kept in the Nubank account until the customer settles the bill. It is important to note that the new tool differs from the prepaid card method, where the account holder can withdraw the unused value added at any time.
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