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Did you know that it's possible to get a credit card if you're unemployed? In an increasingly volatile financial scenario, many Brazilians find it difficult to keep all their bills up to date.
If you find yourself in this situation, there's still hope: it's possible to get a credit card even if you have a bad credit rating.
In this article, we'll explore some practical recommendations on how to achieve this feat and name three banks that have a high chance of approval for people in this condition.
What is an SPC or Serasa name restriction?
Estar negativado significa que empresas e instituições financeiras consideram você um risco para novos créditos ou empréstimos, ou seja, isso ocorre porque seu histórico financeiro apresenta dívidas não pagas. Você inclusive pode verificar como está o seu nome no site ou aplicativo do serasa.
However, exclusion from the traditional credit system does not mean the end of possibilities. There are specific alternatives for those in this situation.
How do I get a credit card for a negative credit score?
Search for payroll cards
One of the best options for those who are in debt is a payroll credit card.
After all, this type of card has its spending limit tied directly to your fixed source of income, such as retirement or salary, and the minimum portion of the bill is deducted directly from your payroll.
This reduces the risk for banks and makes it easier to get approved for a credit card.
Consider a prepaid credit card
Another alternative is to opt for a prepaid credit card. With this, you need to top up the card with an amount before you can use it.
This type of loan doesn't offer credit as such, but it can be an excellent financial control tool, as well as being easier to obtain.
Reassess your financial situation
Before applying for a new card, it is crucial to understand your current financial capacity.
This includes evaluating your income, expenses and existing debts, as an honest analysis can help avoid increasing debt.
Which banks have a high chance of approval for borrowers?
Several banks and financial institutions have started offering specific products for those with a bad name, including credit cards for those with a bad credit.
Here are three notable options:
Pan Bank
Conhecido por ter uma abordagem mais flexível em relação ao crédito, o Banco Pan oferece opções de cartões consignados com taxas de juros reduzidas.
These cards are an excellent choice for those who receive benefits from the INSS, are public servants or work for private companies with agreements.
BMG
The Bank BMG is another that offers a payroll credit card. With years of experience serving retirees, pensioners and civil servants.
The BMG fintech stands out for its simplified processes and for not consulting credit protection agencies to release the card.
C6 Bank
Although it's not exclusive to people with a negative credit rating, the C6 Bank offers a credit card with a prepaid function, which could be a viable alternative.
Credit analysis tends to be less rigorous, and there is the possibility of upgrading to a traditional credit card, depending on responsible use and the relationship with the bank.
What are the next steps?
Now that you know that it is possible to get a credit card even if you have a negative credit rating and you know three banks with a high chance of approval, the next step is to plan to apply for yours.
However, remember that financial responsibility is key. Use the credit card as a tool to rebuild your credit and improve your financial health.
In the next post, we'll explore in more depth how to open an account and apply for a credit card with these banks, making sure you're well-informed and prepared to take this important step towards financial recovery. If you want to access this article, just go back to top of page.
Remain optimistic and remember that, with the right strategies, it is possible to overcome negativity and regain access to credit.
Find out how to register for the Young Apprentice program: here! Do you have any questions about getting a credit card for a negative credit score? Leave them below in the comments!
