Card companies are increasingly investing in new payment methods for their customers. Today we have the most traditional credit and debit cards, but did you know that it is possible to combine the two functions in one purchase? The new function is called “credit”. Find out more about the payment method below.
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According to data from the Brazilian Association of Credit Card and Services Companies (Abecs), the credit payment function moved around BRL 99.4 billion in the first half of 2022. That is, although the term is not yet popular, this form of payment is growing and is already a reality in the Brazilian financial market.
Generally, banks carry out analyzes of their potential customers before granting them credit or to increase the limit available. This analysis can be an obstacle for those who want to obtain a card or have a higher credit limit. In these cases, credit can be an ally for people who want to get good results in bank analyses.
Credit, as previously mentioned, unites the two main functions: credit and debit. In this way, the user can spend his purchases on his credit card, however, the amount is automatically debited from the current account balance. Thus, the limit of the card is defined according to the available balance in the account.
The advantages of owning a credit card are cashback options, good credit analysis and low debt risk.
Some online sales companies do not provide the option to pay by debit. For people who don't have credit card, this can be a problem when making your purchase. However, credit can be the ideal solution to this obstacle when it comes to online shopping.
Also, with your money flowing and payments on time, hardly any company will refuse a traditional credit card when you apply. The automatic credit payment also protects you from the risk of indebtedness, as you can only use the available balance in your account. So there are no bills to pay on your card, nor the risk of being blindsided by interest rates.
Each bank has cashback modalities (or not) when the payment is made in cash, that is, the credit can still bring you money back.
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