Payroll Cards: Understand all about how this credit worksPayroll Cards: Understand all about how this credit works

Having a card in hand can be useful in many everyday situations. Currently, the most used card types in Brazil are debit and credit cards. They are usually issued by the bank where you have an account.

But what almost nobody knows is that besides these traditional options there is the consigned card . Understand all about it, what are the advantages available, to whom it is directed.

What is the consigned card?



A Personal Payday-deductible credit card is one in which the minimum amount of the invoice is automatically deducted from the borrower’s income. For this reason, this modality of card is directed only for public servants, retirees and pensioners of the INSS, because they are people with an uninterrupted fixed income . In this way, the chances of defaults are minimal, as the banks have greater guarantee of the payment of the invoice.

How can I use the consigned card?

How can I use the consigned card?


When applying for a payroll deductible credit card, you can perform the same functionality as a traditional credit card. That is, you can shop and parcel them in stores and on the internet. But in addition, up to 95% of the limit available on the payroll can be directed to the borrower’s account, which can easily withdraw.

Whether it’s to clear outstanding debts or to fulfill a dream, the transfer can be requested for your account at any time. And there is no limit to the amount of transfers. That is, you can request the operation as many times as you want, as long as there is a limit available.

Advantages of consigned card

Advantages of consigned card


Low interest rate

By having the minimum payment of the invoice deducted from the monthly benefit of the borrower, the default rate of the consigned card is lower. Thus, banks can apply reduced and attractive interest rates. They are up to 5 times lower compared to a traditional card.

With the greatest guarantee of the minimum payment of the invoice, it is not necessary to carry out analyzes to credit protection agencies, such as Serasa / SPC. That way, even those who are negativado in the market can request the consigned card, without bureaucracy .

There are no charges for the maintenance of your consigned card. That is, at no time does the policyholder have to worry about fees or annuities. Thus, you can apply the amount saved on some project or purchase of your interest.

Another advantage of the consigned card is the safety margin that can be consigned . It is regulated by law stating that only 5% of the borrower’s monthly income can be directed toward the payment of the card’s invoice. In this way, the applicant is prevented from accumulating debts. And it also ensures that it has a minimum amount for essential expenses.

Now that you know all the details of the consigned cards, know the 7 reasons to request yours and what the benefits are.

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