Advantages of Nu Limite Garantia to Increase Your Credit

Discover How Nu Limite Garantido Can Transform Your Financial Life. Nubank, one of the most renowned fintechs in Brazil, has stood out for simplifying the financial lives of its customers. Now, Nubank presents an innovative solution: Nu Limit Guaranteed.

This feature was designed to solve a common problem faced by many customers: low credit limits. In this article, we will explore the seven advantages of Nu Limite Garantido and how it can be a powerful tool to improve your financial life.

What is the Guaranteed Nu Limit?

O Nu Limit Guaranteed is a revolutionary Nubank feature that allows customers to increase their credit limits proactively, without the need for time-consuming credit checks. With this tool, customers can use an invested amount as collateral to increase their credit limits.

Nubank was created with the mission of simplifying people's financial lives by offering accessible and easy-to-control financial products through its app. Credit cards are one of the most popular products, but questions often arise about credit limits. That's when the idea for Nu Limite Garantido came about.

With this feature, which is gradually being made available to all Nubank credit card holders, customers can increase their purchasing power immediately, transforming an invested amount, starting from just R$ 1, into a credit card limit, without the need for time-consuming analysis.

How does the Guaranteed Nu Limit work?

The Nu Limite Garantido program works simply and effectively. To use it, customers need to create a specific “Caixinha” in the Nubank app, which is intended to be used as collateral for the increase in the credit limit. The amount invested in this Caixa yields 100% of the CDI, which makes it an attractive option for those seeking investments with attractive returns.

An important feature is that if the customer does not pay the credit card bill by the due date, the amounts invested in Caixinha will be used to fully or partially cover the bill, depending on the amount available. This provides an additional layer of security for both the customer and Nubank.

How to Increase the Limit at Nubank with the Guaranteed Nu Limit?

Now, let's see the step-by-step guide on how to use Nu Limite Garantido to increase your credit card limit at Nubank:

Step 1: Access the App

In the Nubank app, access the credit card section.

Step 2: Access “My Limits”

Click on the “My Limits” option to see the settings related to your credit limit.

Step 3: Select “Nu Limit Guaranteed”

Within the “My Limits” section, choose the “No Guaranteed Limit” option.

Step 4: Create a Specific Box

Follow the instructions to create a specific Box to be used as collateral for the limit increase.

Step 5: Choose the Amount to Invest

Enter the amount you wish to transfer from your Nubank account to this Caixa, which will serve as collateral.

Step 6: Preview the New Limit

On the next screen, you will be able to see how your credit card limit will be affected by the amount invested in Caixinha. Read all the information carefully.

Step 7: Confirm with your Password

Enter your 4-digit password and complete the process.

With these simple steps, you can increase your credit limit at Nubank quickly and without the need for a lengthy credit analysis.

Can I Use the Money in Boxes to Increase My Limit?

A common question among customers is whether they can use money invested in other Nubank Caixas to increase their credit limit with Nu Limite Garantido. The answer is no. To access this new feature, you must create a Caixa specifically for this purpose. Money saved in other Caixas will not be used as collateral for increasing your credit limit.

Advantages of Nu Limite Garantia

Now that we understand how Nu Limite Garantido works and how to use it, let's highlight seven advantages of this innovative resource:

1. Limit Released Immediately

One of the main advantages of Nu Limite Garantido is that the credit limit increase is granted instantly. There is no need to wait for lengthy analysis. This gives customers greater purchasing power immediately.

2. No Bureaucracy

Forget about paperwork and time-consuming credit checks. Nu Limite Garantido is a hassle-free option designed to simplify the limit increase process.

3. Flexibility in Choosing the Value

Customers have complete freedom to choose how much they want to invest as collateral for the limit increase, starting with applications from just R$ 1. This allows each person to adapt the resource according to their needs.

4. Investment Returns

The money invested in the Caixa do Nu Limite Garantido yields 100% of the CDI, which makes it an attractive option for those looking for an investment with attractive returns.

5. Total Freedom to Rescue

Customers have the freedom to withdraw their investments at any time, as long as the amount is not tied up in credit card purchases. This offers flexibility and financial security.

6. Coverage in Case of Late Payment

If the customer is late in paying their credit card bill, the amounts invested in Caixinha can be used to fully or partially cover the debt, providing an additional layer of security.

7. Compatibility with Other Nubank Products

Nu Limite Garantido is just one of the many products offered by Nubank. Customers can make the most of their financial experience by using other products, such as the digital account and other investment options, in conjunction with Nu Limite Garantido.

How to Cancel the Guaranteed Nu Limit?

If, for any reason, you decide to cancel Nu Limite Garantido, the process is simple. Cancellation, that is, the withdrawal of the money invested in Caixinha, can be done at any time. Any unused amount can be withdrawn instantly.

However, it is important to note that if the customer is late in paying their credit card bill, the redemption may be denied. This is because the guarantee is used to cover the credit limit (regular + guaranteed), and in the event of a delay, Nubank can use this guarantee to reduce the debt before following the normal rules for charging for late payments on the credit card.

Conclusion

O Nu Limit Guaranteed is an innovation that reinforces Nubank's commitment to making financial life simpler and more accessible. With seven notable advantages, including an immediate limit increase, investment income and total flexibility, this feature offers customers the ability to expand their purchasing power without going through lengthy credit checks.

When using the Nu Limit Guaranteed responsibly and explore other Nubank financial products, customers can experience a transformation in their financial lives. It is a powerful solution for those who want greater control over their money and access to a more generous credit limit, all within the easy-to-use Nubank app.

Read too: How to Get a Loan from Nubank Updated