See how you can apply for your credit card if you have a negative credit history and are retired.
This credit card with no annual fee and for those with a negative credit history was created by Caixa Bank in partnership with Elo.
We're talking about the Caixa Simples Credit Card, which, in addition to all these advantages, also allows you to withdraw up to 95% of your Caixa Simples credit card limit in cash.
This credit card for people with a negative credit history was created for an older audience, under 75 years old.
The Caixa Simples credit card has the same advantages as regular credit cards, so you'll be able to make purchases in both physical and online stores.
It's important to remember that this credit card works like a payroll-deducted credit card; part of your credit card bill will be deducted from your benefits.
It is worth noting that the maximum amount that can be deducted from your INSS (Brazilian Social Security Institute) payroll will be 5%.
Advantages of a credit card
- Credit card with no annual fee: You won't have to pay an annual fee with this credit card.
- Credit card for those with a negative credit history: This credit card does not check Serasa or SPC (Brazilian credit bureaus), allowing you to have a credit card with no annual fee and several other advantages, even if you have a negative credit history.
- Credit Card with Lower Interest Rates: The interest rates on this credit card can be up to 3 times lower than the interest rates on more conventional cards.
- Purchases abroad: With this credit card you will still be able to make purchases both in Brazil and abroad.
How to apply for a Caixa Econômica credit card
This Caixa credit card can only be issued to retired and pensioned INSS beneficiaries under the age of 75.
To apply for this credit card, you will need to go to a Caixa branch with your documents.
You will need to bring these documents:
- Proof of address
- RG
- Benefit statement
- CPF
See also: Check out more credit cards for people with a negative credit history