If you're looking for a high-limit credit card that frequently updates the amount you can spend, here are four high-limit credit card options you can apply for and be approved for in 2021. Above all, keep in mind that you need to pay attention to your credit score to get these cards.
What is a credit limit?
In short, it is a score and an indicator that the financial system uses to classify consumers based on their financial history.
For this purpose, information is collected about credit cards, loans, financing, purchases and services used, such as water, electricity, internet and telephone, among others.
The so-called credit agencies (or agencies), such as Serasa Consumer, SPC Brasil and Boa Vista SCPC, are responsible for collecting as much financial information as possible from Brazilian consumers and creating a sort of classification of good or bad payers based on how that consumer handles their debts: whether they pay on time or late, whether they have already been in debt, whether they spend more than they can afford, etc.
How to get approved for a high limit credit card?
Knowing how a credit score works, it's also important to understand that it's one of the main ways a financial institution determines the credit limit it will grant on a credit card. From this, we can conclude that the best way to have a good limit is to take steps that lead to an increase in your score.
These include maintaining a positive record, paying all debts on time, maintaining a clean record, avoiding negative balances as much as possible, spending responsibly on credit cards, and purchasing services you can afford, but not more.
This way, you'll likely get a good score and be approved for the best credit cards with high limits.
4 credit cards with high limits, find out below:
Now that you know the most important thing, namely how to get approved, let's learn about the 4 high-limit credit card options you can apply for and get approved for in 2021.
1. Nubank
The famous purple bank is known for providing excellent credit services to its customers. Besides being interest-free and international, Nubank has a reputation for offering a reasonable limit, but more importantly, it gives you control over your limit and provides good, frequent increases. Everything works simply and easily through the app, where you can also control other card features.
There are several ways to get a higher limit, and this was explained in the 5 new key tricks to increase your limit on the Nubank website (Your Digital Credit).
2. Digio: credit card with high limit
Another great option for those who don't want to pay an annual fee and have a good limit is Digio, a card from Banco CBSS, a financial institution of the EloPar group (Banco do Brasil and Bradesco).
Digio is a digital, international credit card that also allows you to control your limit and all other features through its app, including requesting a limit increase. The more you use your card and always pay on time, the more likely you are to get a limit increase, and Digio is typically very generous with its loyal customers.
3. Santander Free: credit card with a high limit
If you thought this list would only include digital banks, you're wrong. While Seu Crédito Digital is a digital banking enthusiast, we have nothing against traditional banks.
On the contrary, we have great respect for traditional financial institutions that are modernizing, digitizing their services, and reducing consumption rates. And Santander is doing this brilliantly with its Santander Free card.
This credit card generally offers a high limit for its customers. Existing customers certainly have the advantage of having a good internal credit score with Santander. However, it's not necessary to have a checking account, savings account, or other banking service to apply for the card.
Santander Free has an annual fee of R$29 per month, but you only need to spend at least R$100 per month to get rid of it. Easy, right? After all, most people spend more than that amount on their credit card every month.
Furthermore, the card is only controlled through an app. There are also some tricks to increase the limit. To learn more, read the basic tricks to increase the limit on the Santander Free card, a Nubank competitor.
4. Trigg high limit credit card
Although it has a small annual fee of R$10 per month, Trigg is an excellent and modern digital credit card to choose if you want a credit card with a high limit. When you apply for the card, you'll typically be given a small limit before receiving it, which you can use through the digital card app.
Now that you know which credit cards have a high limit, it's worth checking out the advantages and benefits and getting yours. After all, a credit card with a high limit is important to make your budget more flexible and make installments according to the amount that fits your budget.
So now it's your time to get a credit card with a flexible and attractive limit, so you can make all your purchases conveniently and easily. We've got four super interesting options on the market, and you can get your high-limit credit card today and take advantage of everything it has to offer.
