How do I increase my Nubank credit card limit?

Find out how to increase your Nubank credit card limit! Read the text and find out more!

What is the Nubank credit card limit?

The Nubank credit card limit varies; there is no pre-determined limit; it changes according to each customer's financial profile and credit analysis.

However, some people receive an initial limit of just R$50.00, but there are customers who receive much higher amounts, for example, R$2 thousand.

Of course, as already mentioned, everything will depend on each client's financial profile and credit analysis.

Therefore, having a clean record, a good credit score, a Positive Registration and a good reputation as a payer can help you have a good initial limit and increase the Nubank credit card limit faster.

Even if you don't receive credit right away or have a small credit limit, know that it's possible to change these situations.

You'll find out how in the topics: How to get a limit on your Nubank card and How to increase the limit.

How do I get a credit limit on my Nubank credit card?

The credit card has a function called “Build limitThis feature is an opportunity for those who want to have credit in this fintech.

One of the great advantages of this feature is that it is possible to have a credit limit even if you have a negative credit history, low income, or a history of debt, for example.

This feature is still new among Brazilian digital banks, so people still have difficulty understanding how it works.

However, you're already tired of knowing that our mission on the web is to simplify people's lives. In fact, this is also Nubank's promise, which is why we created this special limit.

So, let's understand better how it works!

First, you need to deposit money into your account and set aside a special amount to use for credit.

For example, if you want to have a credit limit of R$500.00, you will need to reserve this amount as your credit limit.

This amount, in turn, is kept separately in the balance, with a credit limit of the same amount being released.

In fact, this action is to help you with your credit analysis and get a credit limit.

If you use this limit frequently and always keep the amount reserved for use on credit, you will soon get a credit limit.

To make the process easier, don't use your remaining credit to pay your card bill; always use a credit from another account or pay your bill via bank slip.

The fintech will evaluate how you use this limit, the control you have over the credit, and your behavior as a payer. This will create a bond of trust, and as a result, it will approve the credit more easily.

To learn more details about this function, click here.

Before knowing how increase the Nubank credit card limit, How about learning a little more about this card?

Keep reading!

About the Nubank credit card

This card has no annual fee or fees, and the balance saved in your account yields up to 100% of the CDI.

However, it is possible to earn a higher return by leaving the money saved in Planned Withdrawal.

In fact, this is a great option to save money with a higher yield and also to have better control over your money, as you cannot withdraw it before the scheduled date.

This card is issued under the Mastercard banner, which means you also get the benefits of the loyalty program. The advantages vary depending on the card model: Gold or Platinum.

Among the available benefits, we find:

Mastercard Surprise;
Original Extended Warranty;
Purchase Protection Insurance;
Travel Consulting;
Auto Insurance.

How do I increase my Nubank credit card limit?

Image/Nubank

Finally, we come to the million dollar question: How do I increase my Nubank credit card limit?

Typically, banks conduct credit checks periodically to decide whether or not to increase a customer's credit limit.

During these analyses, different factors are considered, for example, payment history and purchases with available credit.

The financial institution monitors whether you use your credit properly and whether you pay your bills and other accounts on time.

The limit always increases according to usage and the customer's financial needs. Therefore, always use your available limit to pay various bills, even essential payments.

However, avoid paying in installments due to the interest, otherwise it will not be as advantageous.

Another action that greatly facilitates the possibility of increase the Nubank credit card limit is salary portability.

Additionally, concentrate all your spending on this card, leaving it as your main card to pay for purchases, bills, and perform other banking services.

Other than that, don't resort to revolving credit and pay your bill in installments; this will certainly harm you in different ways.

The limit adjustment happens automatically, but you can also request it if you wish. It's done through the app itself.

First, open your account app and click “Credit Card > Adjust Limit > Request Increase.”

Then you can enter the increase you want, once done, proceed and go to the screen where you have to choose a reason for your adjustment request.

Complete and submit your request. Now, just wait for Nubank's credit analysis; you'll receive a response within a few days.

Conclusion

Before increasing your limit, you need to assess whether you can afford it. Create a financial plan and always keep your spending under control.

If you realize that you will have difficulty managing a higher limit and that misuse could disrupt your financial life, the ideal is not to increase the Nubank credit card limit yet.

Now, if your financial life is balanced and your planning is too, be sure to put these tips into practice to see your credit limit gradually increase.

Credit Market

Nara March 4, 2022