“Keep amount as limit”: find out what it means in the Nubank app

To facilitate access to credit, Nubank created a “Reserve Amount as Limit” button. This feature is available in digital banking applications, but before using it you need to better understand how it works to make the most of the available options.

First, digital banking customers need to be aware of the key differences. Retaining the amount as a limit is not the same as adjusting the card's limit amount. Therefore, choosing the amount retained as a limit is a way of creating a financial history to establish the value of the credit.

Amount reserved as limit: what does it mean?

According to Nubank, the reserve value as a limit button is a possibility of using part of the account balance to convert it into a limit.

So the first point is to deposit so that there is a certain amount of money that can be used to build a line of credit. The customer no longer needs to depend on credit approval, as they themselves will define the amount available based on what is in the account.

See what steps are needed:

• On the credit card application screen, click on “Reserve amount as limit”;
• Choose the amount you want to reserve and click “Continue”;
• Enter the password to confirm your choice.

Only then will the new card limit be used. Despite this, the reserved money has no income! Nubank retains the amount defined as a limit until the customer pays the invoice. Once this happens, the amount can be used again as a limit for the next month.

This way, customers can use the card as credit and build a history, according to the digital bank. “Millions of Brazilians do not have access to a credit card. The Nubank card functionality helps people enter this market and establish their own limits”, explains Nubank.