Find out in this article various information and tips that we show you for the best digital bank options to issue your credit card.
The best digital banks to get a credit card
Hello! Welcome to our article. We will cover various information about the latest developments in digital banks and about credit card.
Firstly, some of the trends and their growth in the national market, their advantages and disadvantages compared to traditional banks.
Finally, we will show you the best digital banking options so that you can finally issue yours. credit card ideal. Are you interested in knowing more? Then let's go!
Digital banks
Digital banks emerged about a decade ago. They came to break down some existing barriers and offer several simpler solutions for our daily lives.
Brazil, in fact, is already one of the countries with the fastest growth in membership in this type of institution. Previously safer with its money, now with greater access to information, we have managed to demystify some issues.
Just as people began to seek other types of investment, digital banks also became an attractive option amid these advances. Consequently, an interesting option for issuing credit card.
Below, we show you some tips and information about its advantages and disadvantages. Check it out!
Advantages and disadvantages
Just like traditional banks, digital banks also have several advantages and disadvantages. Some of the advantages include:
- Online support – you can now receive help and complete all banking procedures remotely, via a website or app. With the aim of making our lives simpler and providing convenience in our daily lives, this trend has grown very quickly due to the pandemic;
- Fee exemptions – digital banks have lower structural costs and one of their commercial appeals is to offer their services without charging fees or at very low rates compared to their competitors, such as deposits, withdrawals, transfers, among others;
- investment diversification – these digital banks offer differentiated support so that you can create a diversified investment portfolio, encouraging the customer to make their money yield more than just a traditional checking or savings account;
- credit and debit card with advantages – cards issued by digital banks usually come without charging certain fees, such as issuance fees, annual fees, etc.
However, some disadvantages would be:
- technological problems – as everything is linked to technology to access information and use the bank, there are times, therefore, when we may be at the mercy of maintenance and failures in the bank's system, harming the experience;
- lack of face-to-face service – although it is more practical and dynamic to carry out all processes remotely, there is a public, generally older, who prefer to be served in person, depending on the situation and may have difficulties with online service;
- difficult cash withdrawals – here, as there are no branches, the option is to withdraw cash only from 24-hour ATMs, limiting the options available to the customer for this operation.
Conventional vs. digital banks
Previously, traditional banks dominated the country. With the advent of digital banks and the pandemic we are experiencing, many had to reduce the number of branches they have. As a result, they saw their space shrink in comparison to digital banks.
The trend we see, despite a return to normality, is that not only the participation of digital banks in the financial market will continue to grow, but also that of brokerage firms. They have also grown with the significant increase in investments in the stock market and other types of investments.
Now we come to the question: with all this information about digital banks, we ask ourselves which ones, however, are good when it comes to credit card, right? Follow us in the next topic as we will bring you some more detailed options.
Best digital banks for issuing credit cards
In this topic, we will show you some affordable and interesting options from the best digital banks to issue your credit card. Some of the best digital banks are:
C6 Bank – has zero annual fees and few fees. It has a different design, MasterCard brand, international use is allowed and also has a debit function included. It also has a personalized and attractive points program for customers;
Banco Inter – one of the digital banks that releases credit cards the quickest. The customer goes through a quick and preliminary credit analysis, and even with some history of default, they have good limits, which is a differentiator for the bank, especially for this type of customer;
Nubank – is the most functional of all, with good credit limits, fast card issuance, various investment plans for the customer and a good return on money, even in current accounts (therefore differentiating itself from traditional banks).
Conclusion
We have seen that digital banks have grown a lot in recent years. In addition, they have started to offer a variety of advantages and differences in relation to traditional banks.
One of them is, therefore, the credit card with features and options aligned with its customers and the more digital and modern world we live in.
With all this information, we hope you can make the best choice. In this sense, choose the credit card that best meets your needs.
