Santander will increase the limit on its cards by 10%
Santander Bank increase the limit credit card at 10%. This announcement was made in light of the coronavirus pandemic.
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The bank decided to take this measure to minimize the impact of the disease on its customers' financial lives and provide a little more comfort in the coming days.
Sérgio Rial, president of Santander Brazil, said, "In this scenario of uncertainty and concern, it is essential to ensure everyone's safety and give customers greater peace of mind when managing their finances."
Rial took advantage of this initiative and also announced that it plans to contribute 100% of the 13th salary to all its employees in April.
What is the requirement to increase my limit?
Banco Santander offers credit cards, even for non-account holders. All customers have the right to increase their credit limit, as long as they are aware of the bill.
If the user is defaulter with the card account, the bank will not provide this benefit.
How do I know if I've already received the raise?
Some customers can already take advantage of their 10% limit increase. Simply check your Santander Way card management app on your phone or tablet if it's already available for your profile.
If the amount has not yet changed, you can contact Santander's communication channel via the website or phone and request an increase.
"Increasing your credit card limit is a measure that allows you to transfer certain expenses, which can make a difference for those who have already had their budgets impacted by changes in the economic situation," concludes Rial.
Change in invoice due date
In addition to this measure described, Santander, together with the largest banks in Brazil, participates in the initiative to extend the credit term to 60 days.
Based on a resolution of the National Monetary Council, this measure covers some lines of personal, preventive, direct to consumer and real estate credit.
