The Magalu Credit Card is Luiza magazine's digital credit card, with no annual fee and no refunds. Customers can track transactions through the Magalu app, available for Android and iPhone (iOS).
The refund applies to all purchases made through the retailer's sales channels, and the amount paid is deposited into the Magalu Pay digital account. The card can be requested through the company's app or website.
Customers who apply for the card before May 31st are eligible for double cashback (4%) for one year. Learn how the service works, how to apply for the product, and see all the benefits offered.
Magazine Luiza now offers a credit card integrated into the company's app. The tool has no annual fee and provides cashback to the MagaluPlay digital account for purchases at partner stores.
The Magalu credit card is being developed in partnership with Banco Itaú and distributed by fintech Luizacred. The card is issued under the Visa program and offers all the benefits of the Vai de Visa and Visa Platinum programs.
Additionally, the card does not include any annual fee. However, requesting a second copy of the card is subject to a fee of R$9.90 per event. Cash withdrawals within the limit at self-service terminals are subject to a fee of R$12 per withdrawal.
How does the Magalu credit card work?
The benefits of the Magalu Card include no annual fee and a cashback program that offers 2% back on the amount spent on purchases across the retailer's sales channels.
The redeemed amount can be used to purchase selected products in the Magalu app with the “Cash Back” label.
The amount earned in cash will be credited to the Magalu Pay account within 30 days of purchase.
Since the card is Visa-branded, customers are eligible for Visa Platinum and Vai de Visa benefits.
Benefits include discounts on hotel and resort accommodations, travel and medical insurance for emergencies, and access to a personal assistant who provides travel information and helps with booking flights and hotels. Additionally, Vai de Visa offers discounts on clothing, electronics, groceries, and more.
Magalu credit card customers also benefit from a 10% to 15% discount at Magazine Luiza partner stores, such as NetShoes and Zattini.
Another advantage of the product is that you can split purchases into up to 24 interest-free installments compared to the payment plan. The Magalu card is equipped with contactless technology, allowing you to pay in a similar way.
It's worth noting that to receive the 4% discount offered as part of the implementation, customers must apply for the Magalu Card by May 31st. Double the amount is valid for one year.
What is Magalu Pay?
Magalu Pay is a free digital account for Luiza magazine available through the Magalu app. To activate the account, users must click the "Magalu Pay" banner and follow the on-screen instructions, which consist of confirming the mobile phone number registered in the app and entering the security code sent via SMS.
Money received in the form of cash will be released to Magalu Pay for use.
How to get a Magalu card?
You can apply for a Magalu Card through the app or website. The process is the same for both channels; users must first provide personal information such as their full name, email address, CPF, and their principal income.
They also need to fill in their gender, marital status, date of birth, and mobile phone number. They must also provide their address and occupation.
To complete the process, enter your ID number, the state where the document was issued, your nationality, the state and city of birth, and your mother's full name. This information is used for credit analysis, and a response is sent to your registered email address.
The minimum income required to obtain the card is R$800.
Access to Magalu credit card functions
Card usage and functionality can be monitored using the Cartão Luíza app, available for Android and iOS. You can check your shopping list, available credit limit, digital invoice, and benefits.
Benefits of the Magalu credit card
The benefits of the Magalu Luiza card are generally as follows:
- There is no annual fee;
- Cashback Program;
- Interest-free repayments for up to 24 months;
- Integration with the brand application.
Disadvantages of the Magalu credit card
In summary, the disadvantages of this instrument are as follows:
- Has a minimum income requirement;
- Extended refund schedule and specific cashback for purchases made with Magalu;
- There is no Itaucard points program.
How can I apply for a Magalu credit card?
To obtain a Magalu credit card, applicants must apply through the Magazine Luiza app or official website. In practice, they will need to provide personal information such as full name, email address, CPF, date of birth and main gross income, gender, marital status, and telephone number.
The Magalu credit card is the opportunity for you to make your purchases and pay in installments that fit your budget and your budget. Now you can enjoy the benefits of a Magazine Luiza credit card and enjoy the best products and services the network has to offer.
