This card, which is currently on the market, offers several benefits.
Because it is a no-annual-fee card from a Brazilian startup exploring places and services in the market, with its capabilities in finance and services, but with the main purpose being credit services.
Nubank Credit Card
With the Nubank card, customers will find that it stands out for having no annual fee, no maintenance fees for the consumer, and of course, international functionality. Furthermore, the Nubank credit card can also be used for debit card transactions.
Although posters indicate a Mastercard logo on the Gold Aword plan, even if the cardholder qualifies for the Platinum plan, it also falls under the Platinum category. However, to qualify for this category varies depending on the monthly spending amount, offering more opportunities and benefits.
Nubank customers have the option of choosing a paid plan called Nubank Rewards, which is a points-based program. With Nubank Rewards, you can pay monthly or annually for $19.00 per month or $190.00 annually.
This points system is easy: to earn 1 point, a customer needs to spend 1 real. These points can then be used to offset the card balance, resulting in a discount on the bill. For example:
10,000 points saved equals
100.00 reais deducted from your bill.
Advantages of the Nubank Credit Card
No annual fee.
Installment payment options with varying discounts.
To provide the Nubank app with quality customer service.
Because it is an international and pioneering initiative, it is already accepted in 30 million locations worldwide.
With debt selection available.
Annual adjustments to your credit limit.
Contactless technology, meaning you need to pay when you use the card.
Disadvantages of the Nubank Card
Nubank credit card interest rates.
Interest rate turnover; increase from 2.75% to 14% this month.
Interest rates on installment payments range from 0.99% to 13.75% per month.
In case of delay, interest will be charged on the outstanding balance or installment plan, with an additional interest rate of 1% per month.
At Nubank, the most common customers are people from the technology and communication sectors, as these are cards with their own app and more virtual technologies than traditional banking methods. However, anyone can obtain this card, either through Nubank's website or via the app, which can be downloaded from the Play Store on your mobile phone. In the app, you can view your balance, make payments, and more.
The famous purple one that makes all the difference.
The most widely accepted and easily accessible card, with numerous features and widespread market acceptance.
It even has its own app and offers discounts based on points earned.