Nubank: see how to have a credit limit even if you are negative

As a result of the financial crisis of recent years, many Brazilians were indebted and even negative. Thus, several financial institutions end up not providing credit limits for customers in these situations. But, thinking about it, Nubank has developed a new tool that helps the user to “build their limit”. Keep reading and check out how Nubank's reserve limit function works.

Read more: NuPay: Nubank enters the online payments market

But, after all, how does the “Book as a limit” feature work?

Although the novelty is already available, the modality is still something never seen in Brazil and, therefore, many citizens may not be familiar with the technology, which can raise many questions about your operation.

To facilitate understanding, if the user makes a purchase of BRL 300 with the credit limit at Nubank, for example, it is necessary to leave BRL 300 reserved in his account. It is worth noting, however, that such amount will not yield 100% of the CDI as the amount available in NuConta.

Once the reserved amount becomes a limit for the credit card, it cannot be used in the modality debit, or for sending Pix, transfers or payment of boletos, unless the customer removes it from the reservation.

See how to reserve amounts as a credit limit

Reserving amounts as a limit at Nubank is very simple. See how by following the steps below:

• Access your Nubank application on your cell phone;
• Go to the credit card tab;
• Click on the “Adjust limit” option;
• Then, just select the option “Book as a limit”;
• Now, inform which amount will be reserved as the credit card limit;
• Once this is done, read the terms and conditions and accept them right away;
• Finally, enter your 4-digit account password.

Okay, now all you have to do is use the credit function on your Nubank card and regularize your financial situation. This is because the digital bank evaluates the frequency of use of the credit modality and the punctuality in the payment of invoices to release a higher limit for its customers.