Are you in bad credit and can't get a credit card? Here are some tips on how to get a card even if you're in the red.
For many people facing a negative credit rating, the idea of getting a credit card can seem out of reach.
However, it is possible to get a credit card even with restrictions on your name. The key is to understand the necessary requirements and carefully evaluate the options available on the market.
Before we dive into the specific options available, it's essential to understand the different types of credit cards available on the market.
Each type of card can have different requirements and offer different benefits, which can have a significant influence on choosing the card that best suits your needs and financial circumstances.
By understanding the types of credit cards available, you'll be better prepared to prioritise the financial institutions that offer options aligned with your needs and financial objectives.
In addition, this understanding will allow you to assess the requirements of each card and determine which are the most accessible for your specific situation.
Our mission is to provide clear and objective information to help you make more informed financial decisions.
Understanding the options available on the credit card market, even for those with a bad name, is the first step towards regaining financial control and building a healthy and stable financial life.
Let's explore together the different options and paths available to you to get a credit card and start organising your monthly spending better.
Types of credit card
Payroll Credit Card
If you are:
-> Retired
-> Serves in the Armed Forces
-> INSS pensioner
-> CLT signed contract
-> or Public Servant
You can apply for a payroll credit card through a financial institution, as only people from these groups can access this type of credit. But why?
The point is that as the card is paid for directly from the user's payroll, it can only be granted to those people who have this benefit or are still in their job.
Prepaid Credit Card
A good option for anyone is a prepaid credit card, as the only requirement for acquiring one is a valid CPF number.
The way this type of card works is very similar to a debit card. When you apply for your prepaid card, the limit you have available will be based on the amount you top up the card with, so that this amount is available to be used as credit. An example: if you have R$500.00 to top up your prepaid card, when you make this deposit, you have R500.00 to use as you wish through credit.
However, the only difference is that the amount will not be charged the following month, but exactly when the purchase is made. If you order an Uber, pay for an Ifood order or even make an online purchase that only allows credit transactions, you can do so without any problems if you have an available balance.
The disadvantage of this type of card is that it doesn't allow purchases to be paid in instalments, as the institution won't know if you'll have the limit paid in instalments in the coming months.
However, it is very interesting to be able to organise your finances and set a fixed amount that you would be willing to use for certain purchases.
Credit cards available for creditworthy people
So it is possible to get a credit card even if you have a bad name. There are some very interesting possibilities that can help you in times of need. But use it responsibly. Assess whether it's really the right time for you. Maybe it's time to get more organised financially, pay off your debts and set plans and goals for your financial future?
