With over 50 million users, the Nubank is one of the largest digital banks in Latin America. One of fintech’s main concerns is getting people who are excluded from conventional banks to have a bank account.
See too: Nubank Cripto: digital bank announces purchase of cryptocurrencies through the app
But despite this, the limit of credit of the bank is still the target of many complaints among customers. So it was with this in mind that Nubank will make a reserve available as a limit.
They create an alternative for people with a good track record financial, the possibility to reserve a value as a limit, called the “build limit” function. When the user uses this function, he has the possibility to deposit this amount into his account and use this amount as a credit limit.
That is, if the customer deposits R$ 100 in the account, this amount will be made available as a credit. The digital bank also explains that when the customer makes a purchase, part of this deposited money will be unavailable for use and when the invoice is paid the limit is released again.
Find out what Nubank’s limit of up to R$ 5 thousand
According to information from Nubank, the limit made available to users through the “reserve limit” function will depend on the amount deposited by the customer. Keeping this in mind, it is possible to get a credit limit of up to R$ 5 thousand.
Also according to the bank’s information, when reserving the amount deposited as a limit, the customer is not automatically paying the card bill, as the amount is reserved.
according to Nubankit is still possible for customers to pay the card bill with the money that is saved, however, the bank recommends that this amount be reserved as a limit, as this will increase the chances of increasing a pre-approved limit.
If the card invoice is not paid by the due date, the bank will use this reserved amount to pay the invoice, but the user must keep in mind that this may impact a new credit analysis, in addition to having a fine charge , interest and IOF.
Although many people have not seen an advantage in this new functionality made available by the digital bank, it will help you improve your relationship with the banco.
See how to reserve money as a credit limit at Nubank
Follow the steps below so you can book your limit creditit is very simple and fast.
1° Enter Nubank’s “credit card” session;
2° Select the option “Adjust Limit”;
3° Click on “Reserve as Limit” and choose the amount you want to reserve;
4° Finally, carefully read the terms and accept the conditions, then confirm the operation by typing your card password.
As Nubank said, the amount will be reversed into a credit card limit in just a few minutes, in addition, unused amounts can be redeemed at any time.
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