Credit cards without consulting SPC or SERASA

Need credit for a specific purpose but have a bad credit history? Check out this post for some credit card options that don't require a SPC or Serasa credit check for approval. 

The ideal world is one where there's no debt, no financial problems, no money left over, and no bills paid. But we know that for most people, this is far from becoming a reality. 

So, in many cases we need to find alternatives that meet our reality TODAY, of course, always thinking about improving conditions in the future. 

And having outstanding debts in your name is another obstacle, as this factor considerably reduces your options. But we want to help you. 

In this post you will see:

• What do companies require to release a credit card?
• 5 credit cards without consulting SPC or Serasa
• Is it worth having a credit card with a bad credit history?

What do companies require to release a credit card?

In general, every financial institution has criteria for granting or denying a credit card to an individual. This involves a thorough search that involves bank statements, payment history, SPC or Serasa credit ratings, and credit score checks. 

In other words: default, pending payments indicated in the queries to SPC and Serasa and low credit scores cause these financial institutions to veto the release of the card, as the risk of non-payment in these cases is considered high. 

When there are no options, many people opt for consigned cards. This was the way that companies found to release the credit card for people with bad credit, which are the ones we will mention below. 

5 credit cards without consulting SPC or Serasa

PAN Card

One of the card's distinguishing features is the ability to use credit and withdraw funds. It's internationally branded and has no annual fees. It's a payroll credit card, so payments are made directly to your payroll. 

It is available to federal, state and municipal public servants, INSS retirees and INSS pensioners. 

To check if you are eligible for a PAN card, just access the bank's website. 

Simple cash card

For those who have an account with Caixa Econômica Federal, this is an interesting option, as the institution uses an internal classification score to obtain approval. This means that even with a negative CPF, you can still be approved. 

To obtain this card, you must be between 18 and 75 years old, be a public servant, retired, pensioner or INSS beneficiary.

It allows purchases on credit and also provides exclusive financial products and services for cardholders. 

You can consult more information accessing the website. 

BMG Card Mastercard

This is another payroll credit card where payments are deducted directly from your paycheck. It's accepted at any Mastercard-affiliated establishment, in Brazil or abroad. 

It has no annual fee or any type of membership or monthly fee. 

This is another card exclusively for INSS retirees or pensioners. Check the terms and conditions on the institution's website. 

Olé Card

This VISA card is accepted nationwide and allows you to withdraw cash at 24-hour branches. Interest rates are low, and it's easy to apply for if you're a civil servant, retiree, or INSS pensioner. 

It's a payroll credit card, and some of its unique features are the exclusive discounts that partner companies offer to cardholders. 

To better understand the benefits and know how to hire, access the company website. 

Daycred Card

Another card without consulting the SPC or Serasa, Daycred can be requested online by simply entering some basic information, such as name, telephone number, email address, CPF, and others. 

It's also a payroll loan: it comes with a pre-approved limit, and the invoice is paid through payroll deductions. Purchases can be made in cash or in installments, with a payment term of up to 40 days. 

It has the Mastercard International brand, with no annual fee and no usage fees. 

To better understand how it works and run a simulation, simply go directly to the website and add this data. 

Before choosing the ideal card, consider:

• Which option has fewer or no fees?
• Which of these options gives me the most benefits and the least headache?

A common question is: does having more than one card lower my score even further?

If having more than one card makes it difficult to pay a bill, yes, your score will suffer. 

Is it worth having a credit card with a bad credit history?

Depending on your financial situation, a credit card can be very useful for keeping you active while shopping at the grocery store. Always remember: it should be a carefully considered choice to prevent your debt from snowballing. 

For this, we recommend that you read our post “How to use a credit card and maintain financial health” and follow all the tips we put there. 

But, we already say:

Any financial commitment should be carefully considered. Before making any purchases, understand whether it's truly necessary. 

Ask yourself these questions before making decisions that can drastically affect your financial life:

• Am I taking this action to hide some kind of emotional problem?
• Do I really need this purchase?
• Am I doing it for myself or for others?
• Does this account fit my budget?

There are possibilities to clear a bad name

By accessing the Serasa or SPC website, you can view your debt and the financial institution provides renegotiation options so you can pay it off easily. 

Before making any decisions, it might be a good idea to check your options.

This negotiation can be very flexible, and from the moment your CPF becomes active in the market again, your score and credit possibilities increase. 

Take the opportunity to read it too“Mastercard Gold International Credit Card” and understand how this card works. Keep following our content!