Credit card for negatives with a limit for purchases: How it works

Do you have a dirty name and need a new credit card? So don't think that, because you're in this situation, you won't be able to have yours. Nowadays, the financial market in our country already has several companies that approve a bad credit card. 

And given this reality, you might wonder how this type of company makes a profit, since the risk of default by customers is very high. In this post, we explain this to you. In addition, we provide some other information for those interested in acquiring a card under these conditions. 

If you were the person responsible for lending money to someone, you would probably want to know that the return on the borrowed amount is plausible, wouldn't you? With credit card companies the same happens. 

However, we are used to thinking that a negative customer is necessarily a customer without financial education. The problem with carrying this mindset is that it doesn't always match reality. 

It is not because a person is negative that he will not be able to pay his card bills, especially if the card limit is low. On the other hand, having a dirty name does not imply unemployment. 

Given these factors, the criteria that financial institutions often use are:

fixed income 

It is possible to approve a bad credit card if the negatives in question are working. However, proof of income must be provided in some way. Do you have a payslip showing your salary for the last month? It is important to have this type of document when applying for your card. 

On the other hand, card approval may come in the form of a payroll card grant. This type of product is approved only in cases of retirement, pension or public service. So, if you are part of this group, you can count on the right approval in several companies. 

low limit 

Even if you cannot prove income, if you are negative, it is possible to grant a credit card with a low limit, at first. For those who need to make expensive purchases, this model is not ideal. 

However, on the other hand, there are those who need a card just to be able to handle emergencies or market purchases. In this case, having a card even with a low limit can be very interesting.

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In view of everything that was posted in this post, it is worth looking for companies that approve the card for people in your condition. Check out some of them below:

• walmart
• Santander Free
• Unibanco
• wizink

To find out more information about the Unibanco credit card, just click here.

Would you like to know what your options are for approving a bad credit card? If so, be sure to do a good research on each one to find out the conditions for hiring the card. Also, get organized to get out of default and avoid getting the dirty name again.