Having a good credit limit has always been the dream (literally) of many people. And if it is the famous black card, even better; it turns out that for this to happen, many factors are necessary, where a good score is a premise but not enough, you need to have a good banking history, a good financial flow, consume banking products available in your checking account, submit your income tax return annually, have a good relationship with your financial institution and, of course, a good proven income. And let's be honest? This is a reality for few Brazilians.
With this in mind, digital banks, credit fintechs such as C6 bank, PagBank, etc., launched a new product on the market, which is at the very least curious, and why not say interesting, called CDB + Credit Card.
What is a CDB + Credit Card?
The proposal is simple: you invest in a CDB application, and the amount you invest is returned as a credit limit on your card. In other words, if you invested R$$100.00, your credit card will automatically increase by the same amount as the investment, in the example R$$100.00.
Application rules
Of course, not everything is perfect, but there are advantages. Some rules must be observed by the investor, such as, and perhaps the most important one, that the limit on your credit card is assigned to your investment. In other words, when you see your card bill and you fail to pay it, the bill will automatically be paid off with the value of the investment.
Example:
You made an investment of R$100.00 and this made your credit limit R$100.00. In the current month, you used R$70.00 of this limit on various purchases or at your discretion. At the end of the month, you will receive an invoice for payment of the same, with the due date you selected when you made your first investment. If you pay the R$70.00 invoice in full, your investment in the CDB remains intact, with the amount invested + interest received, and the R$70.00 will return as the limit on your card. If something unexpected happens and you do not pay the invoice on the due date, the same R$70.00 will be discounted from your initial CDB investment, which will now have the balance of INTEREST RECEIVED IN THE PERIOD + R$30.00 (which is the remainder of the R$100.00 invested initially).
What are the advantages?
- You don’t run the risk of defaulting or getting into credit card debt.
- Your income will not be compromised by exceeding your card spending.
- If you have some money left over that month, it's worth investing it in a CDB, and also having a credit card as a bonus.
- At the same time as you use your credit card, you earn interest daily on your CDB.
- You will have a credit limit, only with the amount you can afford to pay.
- You can increase the limit month by month, making that “little savings” and still enjoy a safe investment that is at least twice as profitable as savings.
Among the digital banks that are offering these options, two stand out, which we recommend:
- BANK C6
- It yields 100% of the CDI, that is, your money is protected from inflation (not even savings projects today).
- Use the same debit card you already have from the bank.
- Daily rescue.
- Limit released in minutes.
- Minimum investment of One Hundred Reais.
- PAGBANK
- Yields up to 120% of the CDI (best yield on the market in this modality).
- Good interest rate of return on investment.
- Exclusive credit card for this modality and very presentable with zero annual fee.
- Daily rescue.
- Limit released within two business days.
- Minimum investment of one real for 110% of CDI
- Minimum investment of Five Hundred Reais, for 120% of the CDI.
Evaluate and find the best decisions for your money.
