Credit cards are a widely used form of payment these days. However, this modality is not normally available to all types of consumers. Do You Know How To Use Negative Retired Credit Card?
If the answer to this question is no, then you have come to the right place. Read on and check out more details on the subject right now!
Can Negative Withdraws Have Credit Cards?
When a consumer is in a negative situation, there is a greater difficulty in getting any kind of credit. That is, with the negation of the CPF, credit protection agencies restricting the access of this consumer to credit considered as conventional as loans, credit, financing, among others.
As usual, financial institutions offering credit make an analysis that takes into consideration the borrower’s ability to pay. And generally, if it is not possible to confirm some minimum criteria (which may vary from bank to bank), then credit is denied.
But even in case of default, it is possible to look for alternatives for those who want to have a credit card. These include prepaid cards and payroll credit cards.
If you are retired and negative, see below for more details on the available options. Keep up!
This modality closely resembles traditional models. Thus, what characterizes prepaid cards is their specific functionality. It is used without having to be linked to a financial institution directly.For the prepaid card to be enabled, it is necessary to make cash refills, by means provided by the issuer. In most cases, you can enter values via bank slips, physical terminals (from partner establishments) or through virtual platforms.
Thus upon completion of the recharge card, the deposit will be cleared and the card will be ready to be used as a debit card. Therefore, remove who have any kind of restriction may use it normally when buying in physical stores or even over the internet. The detail for its use is due to the impossibility of parceling any kind of purchase. As it is a debit card and there is no way to charge the consumer (for the contracted installments), every product must comprise the full balance of the card.
Payroll Credit Card
Unlike prepaid card, payroll credit card allows all types of transactions that are available in traditional models. That is, the consumer will be able to make purchases, split their expenses and make withdrawals in the credit function. However, you must meet any of these conditions: Be a Civil Servant of any sphere, Military of the Armed Forces, INSS Beneficiary or Employees of private companies.
The hiring of payroll credit card for withdrawal is free to consult with Credit Protection Agencies. Thus, for a negative withdrawal, this model becomes a very useful option as it provides a pre-approved limit. Because it is a deductible payroll loan, you must have a payroll margin available and the expenses are linked to the retirement or pension benefit payroll.
How Does Payroll Credit Card Discount Work?
The payroll credit card is linked to the payroll of the beneficiaries. Thus, the consumer must authorize the bank responsible for the discount of expenses incurred. Criteria for hiring this card include inclusion in one of the eligible groups and having payable margin available.
This limit set for the exclusive use of the card is to cover all expenses. That is, the maximum monthly ceiling for the automatic discount is 5% of the net monthly income. Thus, if a withdrawal has a monthly income of $ 3,000, it may commit up to $ 150 with the payment of this credit card bill. However, if the amount spent in the month is higher, if desired, the holder can fully pay the amount of the installment by paying additional slip with the amount of the difference. With this, it is therefore possible to release a new limit on your margin.
On the other hand, if the amount used exceeds the amount of the payable margin, and if no additional payment occurs, the entire balance exceeded will be included in the next card statement. The use of revolving credit is also common in payroll deductible credit cards. However, the main difference between payroll and traditional card revolving is the interest rate. This value can be less than 5 times. Therefore, by using the payroll card revolving credit, the negated withdrawal will be paying lower interest. But like any interest rate, the ideal is not to abuse, thus keeping spending under control.
Top 3 Benefits of Payroll Credit Cards
Among the models available in the market today, credit card stands out among the others by several factors. The main thing goes directly to the advantages and benefits offered to its consumers, such as lower interest rates, release for negatives and much more.
See below for 3 of the key benefits of using payroll deductible payroll credit cards.
1. Available for negatives
As this is a consignment, no credit analysis is made with the Credit Protection Agencies. The consumer will have the expenses linked to the payment of their benefit, having the amount debited automatically. Therefore, it is not possible to delay or fail to pay the installments.
Thus, unlike what happens in other types of credit, payroll loans offer financial institutions great guarantees of payment. That is, with less risk of default, even negative people can hire a payroll card.
2. Lower market interest rate
Another highlight is the result of the payment guarantee present in the credit assignment. As the minimum payment (payable margin) is already guaranteed due to the automatic discount, the payee institutions offer credit with the lowest costs to consumers. To better exemplify, a conventional credit card can reach monthly rates over 15%. On the other hand, the payroll-deductible credit card must vary with a maximum interest rate of 3.00% for INSS Withdrawals and Pensioners.
Therefore, this corresponds to a radical drop in the cost of credit operations. As a result, the withdrawal will surely accomplish an extreme economy at the end of the month.
3. Less bureaucracy for card release
Finally, the ease of contracting payroll loans also deserves mention. After all, any of the eligible groups can even hire you online. For this, it is enough to have personal documents like ID and CPF and proof of income and address and have margin available. So for those who need easy and fast money, this is a great alternative.
And although, many people do not know, it is still possible to use the payroll credit card to clear the dirty name. Check-out!
How to use credit card to clean up dirty name
Being in default is a very uncomfortable situation. It is therefore very important to investigate the “size of debt” to find viable solutions. In this sense, the credit card can be ally for the negated withdrawal, provided it is used correctly. Here’s how to get out of this using your card:
One of the features of some deductible payroll credit cards is the cash withdrawal. This means that the released credit limit can be withdrawn for use to the best of its ability.
As this is a loan, invoices will be charged monthly in the same way. The discount of 5% of the payable margin will be maintained and the additional amount will be available for payment by invoice until the invoice expires or will be added to next month’s invoice.
The best way to clear the dirty name is to renegotiate the outstanding debts. Generally, lenders make arrangements to repay the debt and this may be the opportunity to use the money drawn for payment. Although at first glance this operation makes no sense, it is worth remembering that debts usually accrue interest on interest, which makes the outstanding balance larger and larger.
By exchanging the open debt for the loan or payroll deductible credit card, you can exchange a more expensive debt for a cheaper one.
Partial or total settlement of debts
If you cannot clear your name with a single payment, we still recommend negotiating them. The tip is to seek the institution to inform the amount it has available and for immediate discharge. Registrations with credit protection services are withdrawn only after full payment of the outstanding balance. However, it is still worth seeking alternatives to settle the debt.