If you're looking for a high-limit credit card that frequently updates the amount you can spend, here are 4 high-limit credit card options you can apply for and be approved for in 2021. Above all, be aware that you need to pay attention to your credit score to obtain these cards.
What is a credit limit?
In short, a credit score is 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.
Credit bureaus (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 kind of classification of good or bad payer based on how that consumer handles their debts: whether they pay on time or late, whether they have been in default before, whether they spend more than they can afford, etc.
How do I get approved for a credit card with a high credit limit?
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 give on a credit card. From this, we can conclude that the best way to have a good credit limit is to take steps that lead to an increase in your score.
These include maintaining a positive credit history, paying all debts on time, having a clean credit record, avoiding negative balances as much as possible, spending consciously on credit cards, and contracting services that you can afford, no more than that.
This way, you'll likely get a good score and be approved for the best credit cards with high limits.
Here are 4 credit cards with high credit limits:
Now that you know the most important things, namely how to get approved, let's learn about the 4 high-limit credit card options you can apply for and be approved for in 2021.
1. Nubank
The famous purple card is known for providing excellent credit service to its customers. Besides being interest-free and international, Nubank has a reputation for providing a reasonable credit limit, but more importantly, it gives you control over your limit and offers good and 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 credit 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 a high credit limit
Another great option for those who don't want to pay an annual fee and have a good credit limit is Digio, a card from Banco CBSS, a financial institution belonging to the EloPar group (Banco do Brasil and Bradesco).
Digio is a digital, international credit card that also allows you to control your credit limit and all other features through its app, including requesting a limit increase. The more you use the card and always pay on time, the more chances you have of getting a limit increase, and Digio is usually very generous with its good customers.
3. Santander Free: credit card with a high credit limit
If you thought you'd only find digital banks on this list, you're mistaken. Although Seu Crédito Digital is an enthusiast of digital banks, 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 fees. And Santander is doing this brilliantly with its Santander Free card.
This credit card generally offers a high credit limit to its customers. Those who are already bank customers certainly have the advantage of having a good internal score with Santander. However, it is not necessary to have a checking account, savings account, or other banking service to apply for the card.
The Santander Free card has an annual fee of R$29 per month, but you only need to spend at least R$100 per month to waive 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 of the Santander Free card, a competitor of Nubank.
4. Trigg credit card with a high limit
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 will usually receive a small limit before you receive it, which you can use through the digital card app.
Now that you know which credit cards have high limits, it's worth checking out the advantages and benefits and getting one. After all, a credit card with a high limit is important for making your budget more flexible and allowing you to make installment payments that fit your budget.
So now is your time to get a credit card with a flexible and attractive limit, so you can make all your purchases in a practical and simple way. We give 4 super interesting options on the market and you can get your credit card with a high limit today and enjoy everything your card has to offer.