Just as there are lines of credit for each type of need, there is also a card more suitable for each type of audience.
Find out now all the advantages of the credit card for Retirees and know why you should adhere to it.
Is there a credit card for Retirees that is easy to access and cheaper?
Some banks and financial institutions often make it difficult for retirees and the elderly to access loans and credit cards in general. And although there is no law regarding the maximum age, there are many obstacles in this regard.
As interest rates are stipulated according to the risk of the operation and financial institutions understand that age can generate a proportionately increasing risk, they end up not releasing credit.
Thus, some Retirees, therefore, can not get credit card or ordinary loans.
But then it is impossible for a retiree to have a credit card?
No. Retirees can actually hire the payroll deductible credit card , with some restrictions regarding the payment term and limit provided.
And different from ordinary credit cards, interest rates can be much lower.
But, despite interest rates of less than 15% a month on some common cards, the credit card for Retirees is still a debt. Therefore, planning must be maintained.
Learn how the payday loan credit card works for Retirees.
How does the Consigned Credit Card for Retirees work?
The credit card for Retirees works, in general, as a common credit card. You can use it in any trade to buy in installments or for withdrawals.
Some retirees believe that payday loans are something more complex or different from those common to credit cards. But, there is no reason to worry.
The consigned credit card is nothing more than the junction of the credit card with the consigned credit.
The differences between the common card and the credit card for Retirees are as follows:
- The borrower must belong to one of the eligible groups
This is the basic item to be entitled to the consigned loan or card. They can hire a payroll deductible credit card INSS Beneficiaries, Public Servants (active and retired) or Workers with a formal contract ;
- Lower interest rates
Due to the low risks and operating costs, payroll charges are typically up to five times lower than ordinary loans and cards. Retirees pay a maximum of 3.00% per month of nominal fee, in this operation.
- Limit for consignable margin
Financial institutions usually calculate the limit of the card based on the assignable margin of the Retired. The average is 25 to 27 times the margin value for the card (5%). This amount may vary by bank and agreement.
- 5% of total benefits are used to automatically pay part of the invoice
5% of the benefits are set aside to pay part of the invoice of the payroll deductible credit card . That is, the retiree will receive 95% of the total value of the benefits until the card benefits are completely withdrawn.
If the invoice is higher than this amount the holder must make the normal payment until the day of payment. In case of delay, interest falls on the unpaid amount.
- Exclusive assignable margin
The 5% charged automatically works as the minimum invoice amount of the common credit cards. That way, even if the holder already has one or more payday loans, you can get the credit card. The only observation is that the card can only be issued once.
- No risk of SPC / Serasa
As the customer already has part of the invoice removed, the risk of being protested and having the dirty name is minimal.
Who can apply for the Consigned Credit Card for Retirees?
The paycheck-deductible credit card is released to those who contribute to the INSS (National Social Security Institute) and to other agreements such as SPPREV , for example.
Just like in credit for retirees , there are some benefits that are not accepted on the payroll deductible credit card.
After all, the main interest rate thermometer is the risk of the operation. Therefore, benefits that are temporary or with some term, can not be used for consignment.
There may be variations depending on the financial institution chosen. But overall, lifetime benefits are usually accepted to the detriment of temporary ones.
How is the Consignment Credit Card Discount made?
In order to ensure that retirees, pensioners, public servants and workers with a formal contract do not compromise their receipts, a recordable margin was created. That is, a limit percentage for consignment.
That way only part of the benefits can be retained by the consignment . The stipulated margin is 35%.
Of these, 5% is exclusively reserved for the payroll-deductible credit card.
For example, if the total amount of the benefit is R $ 2,500.00, the credit for Retirees that can be released is R $ 875. Of this amount, R $ 125.00 can be used to pay the invoice of the credit card. payroll loans.
The biggest doubt about the credit card for Retirees is the reduction of benefits. After all, the card limit can be 27 times the consignable margin.
Is the invoice fully debited from the benefits?
Not! Only 5% can be debited automatically, direct from retirement.
That is, if the same Retiree of the example makes a purchase of $ 500.00 and installs twice, only $ 125.00 will be debited. The difference of R $ 125.00 can be paid via a normal card (ticket) invoice.
But in the end, what is the interest rate charged?
What is the monthly interest rate?
The interest rate is undoubtedly the most attractive benefit of the credit card for Retirees.
The value referring to the assignable margin of the card is automatically deducted from the benefits of the Retiree. And if the total invoice is greater than the amount of this margin, the holder must make the payment of the invoice separately, until the date of its expiration.
If you can not make the payment until the due date, you will be subject to interest for late payment, as well as the use of the revolving credit.
In the case of paycheck-deductible credit card this amount is, on average, 3.50% per month.
But it is noteworthy that the interest rate is only a part of the CET . Therefore, it is essential that the Retiree see what other costs are incurred on any type of card.
And, under no circumstances, the retiree must pay any rate or advance deposit. All costs and expenses occur after the contract is signed.
Take advantage to know now how to use the paycheck credit card.
When to use the Consigned Credit Card?
The indication of economists and financial experts is that the credit card is only used in situations of real need.
This is also true, for the case of the Retired. Lower and recurring debts should be avoided.
One must remember that a credit card is a prepaid credit, but it should be paid one day. Thus, it is very important to keep track of debts to avoid debt .
The good news is that if properly used, payday loans can help you achieve new goals, pay off more expensive debts (when your money is withdrawn) and so many other things!
Knowing how to manage the financial flow, it is possible to have a great ally in the credit card.
Did you become interested in payday loans? Then know how to hire now, without leaving home.
How to request the Consigned Credit Card for Retirees
The contracting of the consigned credit card can be carried out online, very simply. There is no consultation with SPC / Serasa, for example.
Thus, even Retired people who are negative can get a new paycheck credit card.
To do this, they should provide basic documents for the simulation and credit proposal:
- Copy RG;
- CPF copy;
- Proof of address;
- Extract of benefits.
One of the advantages of doing online payday loan simulation is being able to compare the interest rates of various banks.
Because this value can vary greatly from one institution to another, researching can also be synonymous with guarantee of economy.