Fintech alt.bank launches card with credit builder

Fintech alt.bank is about to launch a credit card with no annual fee and promises to reduce bureaucracy. Even negative people can use the service. And the revolving interest rates should be lower than many banks. But the big news is credit cards with dynamic limits. This is a credit builder.

Those interested in becoming one of the first alt.bank credit card customers must sign up via the website or app. The credit builder will work as follows: For every R$1,00 saved by the customer, a limit of R$1,00 is guaranteed on the card.

Credit Builder

Also according to alt.bank, some customers will receive an additional line of credit, which is also dynamic. The idea is to encourage people to build credit more responsibly.

Customers will have up to 40 days to pay. Those with a good credit history will be able to take advantage of the additional line of credit the card offers.

In addition to being attractive for those who use credit cards, alt.bank also guarantees exclusive discounts of up to 43% in more than 30 thousand stores from the main Brazilian retailers.

Currently, fintechs offer digital accounts and cards in a free prepaid debit feature. According to alt.bank, more than 200.000 people are queuing up to apply for a credit card. Through the website and application, fintechs receive an average of 1.500 new contacts on the waiting list for new services.

Alt.bank also announced that customers will receive 2% cash back on all purchases within the first 30 days of account opening.