Did you know that it is possible to create PIX without having funds in your account? Some corporate clients may adopt this practice. The possibility of making this transfer with an empty account is possible through the credit card limit. The news was announced by digital bank Nubank.
Going forward, fintech customers will be able to use the card limit to make these transfers via PIX. This is another advantage that the digital bank offers to its users. Come and find out how it works and whether it is beneficial for customers.
HOW TO MAKE PIX WITHOUT MONEY?
To create a PIX without having money in your account, the practice will act as a form of financing. That is, it involves interest rates and the so-called debt acquisition. On the other hand, this attachment may turn out to be a useful strategy. This is because it allows miles to be accumulated along with credit card points.
Creating a PIX with your credit card can have the greatest ease, as payments can be made instantly. This type of PIX is ideal for solving very demanding problems.
To take advantage of this Nubank method, the option must be selected in the application. Click “Pay”, then “Pay PIX with QR Code” and “Read QR Code”. Upon reading this code, the user can then choose the payment method.
However, it is important to note that using a PIX with a credit card limit will incur the same costs as a purchase made with traditional credit. There will be interest rates as well as an IOF tax. This interest can be up to 10% per month. The IOF ranges from 0.38% to 3.38%.
See also: Will Pix Be Taxed Starting January? Find out what changes will take effect
What are the bad points?
According to the Central Bank, interest-related debts on revolving credit cards recorded their highest value in eight years. As a result, using PIX with a credit card limit can disrupt the monthly budget of the customer using the method.
This question works like this: If the consumer does not pay the card bill in full, he must pay an interest rate higher than 300%. That is, the debt turns into a snowball and does not become profitable, because the debtor’s balance is growing more and more, since there are other debts that also need to be paid.
Therefore, you should be very careful before using PIX on your credit card. In addition, another important piece of advice is for the consumer to think carefully and pay attention to the subsequent expenses that he will receive when choosing this type of transfer. The ideal is not to damage the monthly budget as well as the family budget. The customer must choose what can have the least impact.
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