The Magalu Credit Card is the digital credit card from Luiza magazine, with no annual fees and no refunds. Customers can track their transactions through the Magalu app, which is 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. Discover 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 in the MagaluPlay digital account for purchases at partner stores.
The Magalu credit card is being developed in partnership with Banco Itaú and distributed by the fintech company Luizacred. The card is issued under the Visa program and offers all the benefits of the Vai de Visa and Visa Platinum programs.
Furthermore, 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 transaction. Regarding cash withdrawals within the limit at self-service terminals, there is 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 through the retailer's sales channels.
The redeemed amount can be accumulated for the purchase of selected products in the Magalu app labeled “Cash Back”.
The cash amount earned will be credited to your Magalu Pay account within 30 days of the purchase.
Since the card is a Visa, 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 help with booking flights and hotels. In addition, Vai de Visa offers discounts on clothing, electronics, groceries, and much more.
Magalu credit card customers also benefit from a 10% to 15% discount at Magazine Luiza's 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 with the payment plan. The Magalu card is equipped with contactless technology that allows you to pay with a simple check.
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. The double discount is valid for one year.
What is Magalu Pay?
Magalu Pay is a free digital account from Luiza magazine, available through the Magalu app. To activate the account, users must click on 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 do I get a Magalu credit card?
You can request a Magalu Card through the app or the website. The procedure is the same on both channels; the user must first provide personal information such as full name, email, CPF (Brazilian tax identification number), and the amount of their main income.
They also need to fill in their gender, marital status, date of birth, and mobile phone number. They also need to 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 where you were born, and your mother's full name. This information is used for credit analysis, and a response will be sent to the registered email address.
The minimum income required to obtain the card is R$800.
Access to Magalu credit card functions
The use and functionality of the card can be monitored using the Cartão Luíza app, which is available for Android and iOS app stores. In it, 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 the following:
- 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:
- There is a minimum income requirement;
- Extended refund schedule and specific cashback for purchases made with Magalu;
- Itaucard does not have a points program.
How can I apply for a Magalu credit card?
To obtain a Magalu credit card, interested parties must apply through the Magazine Luiza app or official website. In practice, they will have to provide personal data such as full name, email, CPF (Brazilian tax identification number), date of birth and main gross income, gender, marital status, and phone number.
The Magalu credit card is an opportunity for you to make purchases and pay in installments at a price that fits your budget. Now you can enjoy the benefits of a Magazine Luiza credit card and take advantage of the best products and services the chain offers.