Is the Pan card a credit or debit card? Find out everything you need to know

Have you heard about the Pan card? Increasingly popular, there are still doubts about its function: is it credit or debit?

Every day, new credit options emerge for consumers. And we'll discuss one of them in today's article.

Throughout this text, we'll talk a little about the card's features and how you can make good use of this credit option offered by the bank.

To make it easier to read, the content will be divided into topics and will cover the following subjects:

• What is Banco Pan?
• The advantages of a digital account
• How to open your account at Banco Pan and get your card?
• How do I know if my Pan card is a credit or debit card?
• Advantages of the Pan credit card
• Advantages of the Pan debit card

What is Banco Pan?

Banco Pan – formerly known as Banco Panamericano – is a Brazilian bank headquartered in São Paulo. 

Despite being a traditional bank, Banco Pan knew how to take advantage of the movement initiated by the launch of Nubank and also invested in the digital sphere.

Riding the wave of success of digital banks, Banco Pan was created to become another option available to Brazilians looking to escape bureaucracy and optimize their time – and their finances – and the way they manage their financial life through the use of the services of a digital bank.

Among the products offered by the bank are: lines of credit (consigned loan, personal loan and FGTS loan), consigned card, insurance, credit card and, of course, the benefits of a free digital account.

The advantages of a digital account

Thanks to increasingly advanced technological resources, managing your finances correctly has become an increasingly easier task. 

And the success of digital accounts is proof of this. Among the advantages of having a digital account are:

More agility

I don't even need to say that nowadays no one has time to resolve bank issues, right? 

With digital accounts, resolving these situations has become much easier, as there is no need to go to a bank branch in person to deal with these matters.

Fee-free

No one deserves to have to deal with the countless fees that traditional banks incur! By using a digital account, you save money, as you're exempt from most of these fees.

More practicality

Allows the customer to carry out all the financial transactions they want directly from their cell phone

More autonomy for your financial life

With digital accounts, your financial life is—literally—in the palm of your hand! Digital accounts offer the ability to closely monitor your money in real time, giving you greater control over your finances!

How to open your digital account at Banco Pan and get your card?

In addition to the services mentioned in the previous topic, another point that attracts customers to Banco Pan is the ease of opening a digital account and obtaining a card. To open your digital account at Banco Pan, you can follow two paths:

By cell phone

To open your account directly from your cell phone, just download the Banco Pan app (available for both Android and iOS). 

After that, just open the app and follow the instructions to complete the registration and enjoy the benefits of your account.

By computer

On the computer, the process is also very quick. 

Simply access the Banco Pan Digital Account page and start your registration. After that, you'll receive an email inviting you to create your account. 

Then just follow the instructions and complete your registration.

How do I know if my Pan card is a credit or debit card?

Now that you know a little more about how Banco Pan works, let's talk about two specific products offered by the bank: credit and debit cards.

Initially, when you create your digital account at Banco Pan, you will receive a debit card to carry out your transactions. 

This is standard bank procedure.

For the credit function, the customer must undergo an internal credit analysis carried out by the bank. 

If the customer passes this assessment, the credit function is released to their card, with a pre-defined limit.

To check if your card has both functions, just open your app and follow a few brief instructions. 

This way, you will be able to see if the credit function is available for request.

Advantages of the Pan credit card

Now that you've discovered the best way to differentiate Banco Pan's credit and debit cards, it's time to talk about the main advantages of each, starting with the credit card.

In addition to the zero annual fee offered by the most common card option, Banco Pan customers also receive benefits and discounts at companies such as Drogaria São Paulo, Casas Bahia, Electrolux, Netshoes, and Americanas, for example.

Advantages of the Pan debit card

When it comes to Banco Pan's debit card, the main advantages that attract customers' attention are: services for account holders – such as personal loans and emergency credit limits, and a card with NFC, for contactless payments. 

Banco Pan also allows customers to make up to 30 free withdrawals per month, transfers, and deposits via bank slip.

Conclusion

In addition to offering more options for customers seeking this type of service, the rise of digital banks means that, to attract customers' attention, they are increasingly investing in the benefits they offer to their customers.

And the public is the one who wins in this dispute!

This feature of benefits available to partner companies that Banco Pan offers to its credit card customers can be one of the main advantages in attracting customers who want to create a digital account, but are still unsure about which one to choose. 

It is up to the customer to weigh up whether these advantages are worth it.

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