Nubank is a Brazilian digital bank which in 2021 became the most valuable bank in Latin America. Today at Hiiex we want you to know its history and the advantages offered by NuBank.
The company was born with the initiative to provide financial services economic initially in Brazil. In just 8 years it managed to debut on the New York Stock Exchange and reached the value record of US$50 billion.
When one of its founders arrived in Brazil from Colombia, he was amazed that he had to wait 4 months to open a current account, Seeing that he, like other countrymen, had to pay a lot of money for banking services, he decided to work to found Wildebeest.
After 2 years the new digital bank launched its first product: the purple digital credit card. To obtain it, you must register in your digital application and go through a credit analysis. However, after a year they began to offer the current account, corporate, insurance Y expanded to Mexico and Colombia.
At Hiiex we want to help you decide if you want to join this growing bank, that's why we brought this analysis on the advantages of NuBank.
About the Digital Account: What do you need to know?
To request the nu card, you must have a savings account, for which the company will not impose commissions for issuing your purple plastic, one of the great advantages. It is completely virtual, and you can affiliate it to pay for services and make transfers.
as it is present in Brazil, Mexico and Colombia, The requirements of legal documents that are required of you vary, but certain considerations remain standardized and you can consult them all on their website.
Advantages of the NuBank card
The MasterCard it is the flagship product of the bank, so we have considered that you should know the advantages it offers. Its first advantage is waiver of all fees per annuity, this is precisely the reason for its popularity.
Another of its benefits is that if you pay in advance for a purchase in installments you can receive up to 4.5% of discount in the value of the product. The card is quite easy to control through its task manager, in the app you can see the available balance, the amount of installments and invoice to win
For security from the platform you can cancel physical card and be able to continue using the virtual one. oh! and is accepted internationally.
The card NuBank MasterCard also works as debit and credit card at the same time, fulfilling both functions. Keep in mind that it will work as a debit card first until you make the credit request and it is approved.
Benefits of the Nu card
- Purchase Protection: Applies in case an item/product that you bought with the card is stolen. Also if the item is damaged within 45 days of purchase, what will happen is that the insurance will refund the amount according to the limits of the entity.
- Price protection: This insurance is a very particular one. If within 45 days of purchasing a product you get the same item at a lower price, the insurance will reimburse you for the difference.
- Extended warranty: The manufacturer's warranty is extended by one year. The article must have a guarantee of 3 months minimum and 3 years maximum.
- Emergency Assistance: You will enjoy the MasterCard Global Service that will give you global coverage 24/7.
You can have a look to this post where we talk about the best digital credit cards