See how you can apply for your credit card for retirees with bad credit.
This credit card with no annual fee and for those with bad credit was created by Banco da Caixa in partnership with Elo.
We are talking about the Caixa Simples Credit Card which, in addition to all these advantages, allows you to withdraw cash up to 95% of the limit on your Caixa Simples credit card.
This credit card for those with bad credit was created for an older audience, under 75 years old.
The Caixa Simples credit card has the same advantages as regular cards, so you can make purchases in both physical and virtual stores.
It is important to remember that this credit card works like a payroll credit card; part of your credit card bill will be deducted from your benefit.
It is worth noting that the assignable margin will be 5% of the INSS payroll.
Credit card advantages
- Credit Card with No Annual Fee: You won't have to pay an annual fee with this credit card.
- Credit Card for People with Bad Credit: This credit card does not check Serasa or SPC, meaning that even if you have bad credit, you can still have a credit card with no annual fee and several other advantages.
- 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 can still make purchases in Brazil and abroad.
How to apply for a Caixa Econômica Federal credit card
This Caixa credit card can only be issued to retired people and INSS pensioners 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
- ID
- Benefit statement
- CPF
See also: Check out some more credit cards for those with bad credit
