Credit scores are a source of terror for many Brazilians who aspire to have a credit card; and then a question arises: how to get approved for a credit card with a low score ? Although it seems like a simple question, the answer to which might seem impossible; in this article we will show you credit card options that get approved with a low score.
Note that although the credit score is one of the main pillars during credit analysis, it is not the only one; therefore, there are other factors that influence credit approval as much as, or even more than, the credit score
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Credit score: what is it?
A credit or banking score is a rating used by financial institutions, based on data from SERASA (a Brazilian credit bureau), to analyze the likelihood of a client defaulting on payments. Ranging from 0 to 1000 points, it indicates the client's chances of paying or not paying their debts within a 12-month period
There are several factors that influence a credit score; generally, people with a negative credit history or with little activity on their CPF (Brazilian taxpayer ID) have a lower credit score
Is it possible to increase it?
Absolutely! There are several techniques used by specialists to increase your credit score in a matter of months; at a minimum, 3 months are needed for a partial evaluation; however, data analysis and updates occur daily
The maneuvers performed to increase your credit score and improve your chances of getting a credit card approved are quite simple; just pay off your debts as soon as possible and update the CPF (Brazilian tax identification number) of the cardholder
Move money through financial transactions and include it in purchases made; when paying for purchases at establishments that issue invoices, request that they include your CPF (Brazilian taxpayer ID) on the invoice;
In this way, it will be counted as a financial transaction and you will earn points for it;
Important : Although the above maneuvers are performed, there is no proof that actually verifies the accuracy of the information; however, numerous people have performed them and achieved a sudden increase through these small actions.
How to get a credit card approved with a low credit score: is it possible?
Yes, it's possible! There are banks that don't just look at your credit score, but also at the client's region and monthly income. In this article, we will present the best bank for those with a low credit score who need to have their loan approved
Credit score is just one of the many factors in a credit analysis; that is, many people with high scores don't have a good income, which can lead to credit denial. Learn about Banco Inter and discover how to get approved for a credit card with a low score
Banco Inter
Banco Inter is one of the most famous digital banks in Brazil, due to its ease of use, numerous benefits, and exemption from market fees; it offers automatically approved debits, and the credit function can be requested immediately after opening the account
Due to external factors, it is possible to apply for an Inter bank credit card even with a low credit score; because other factors are taken into account, such as monthly income
Click on the banner below and order your card now! It's important to attach your proof of income or monthly pay stubs to your application; the bank will respond within 3 business days and you can then apply for credit, even if you have a low credit score
