How does the BMG credit card work?

Did you know that the BMG credit card comes with the MasterCard logo? And you can also get a loan on the Consignado credit line.

That is, the Consigned credit allows your payments to be discounted directly from your payroll, subject to the approval of the institution that generates your benefit. 

O BMG credit card It is widely used by retirees and pensioners, so the interest rates are lower. In fact, this type of loan does not require consultation with SPC and SERASA.

About BMG

O BMG, located in Minas Gerais, BH. Most of its customers are retirees, pensioners and public servants. With the slogan of a bank that is truly yours, you will be able to enjoy many privileges, since the company's goal is to help you with all your needs.

You can have a free digital account, a credit card with no annual fee, a MasterCard brand, make your TEDs, withdrawals, deposits and much more.

What you will see in this article:

• What is the credit limit?
• What are the benefits?
• How to apply?
• How does it work?
• What are the advantages?
• How to use the BMG card.

What is my BMG credit card limit?

To know what your limit will be credit card BMG It's very simple. Calculate the value using the following formula: 

5% of your net income (after deductions) and then multiply it by 27.

What are the benefits?

There are several benefits, including:

• 100% Membership
• No Bureaucracy
• Can be done online
• Without SPC and Serasa Consultation
• Even if you have a negative credit rating, you can have a card
• No Annual Fee and No Fees
• Withdrawal of up to 95% of the limit
• Lower interest rates
• International card with no annual fee
• Mastercard Surprise
• 5% monthly card discount and 30% loan margin

3% monthly revolving – Is it really worth it?

The Consignado was created to make life easier for those who are in debt, whether they are public servants or retirees. The interest rate varies from 3% to 4.5% per month.

In fact, the rates for the loan are lower, since the invoice is deducted from the payroll, so the bank is sure that the debt will be paid off. 

It is worth mentioning that the payroll credit card complements the payroll credit limit, after all, with the card you can commit an additional 5% of your net salary. That is, 35% of your entire income. 

To apply for the BMG credit card?

In practice, it is a regular credit card. So, there is no secret to applying for one. You will only need the following documents:

• CPF;
• ID;
• Proof of residence;
• Cell phone with camera to take photos of documents.

How does it work?

In addition to being international, with the Mastercard brand, it has no loyalty plan, no annual fee and is a plastic card, similar to traditional cards.

The limit is higher, and you have up to 36 months to pay off your debts. Let's assume you receive 10 thousand reais, 5% is equivalent to 500 reais. And, if we multiply it by 36 installments, around 18 thousand will be paid. So, the bank can offer you a loan of 15 thousand and you pay another 6 months of interest.

Generally, you will be given around 25 to 30 times more than your net salary. The rates are lower, 400% less than conventional ones, but it is a normal credit card. Even with a higher limit, you will need to control your spending. 

What's so special about the BMG credit card?

How to use the BMG Credit Card

O BMG Card It can be useful for online shopping, cash withdrawals at Banco24Horas ATMs and through the Cirus network, as well as payments for various bills and invoices.

If you want to have a bigger margin, start buying everything with your BMG credit card. Therefore, always be up to date with your bills and keep your registration up to date.

Contact BMG

You can contact us in person or through any agency. BMG Bank. You can also access Fale Conosco through your own smartphone.

There is also the possibility of contacting the BMG Bank, by phone 0800 031 8866, 24 hours a day, daily.

Agile Brasil Contact Center 0800 024 4273 – BMG Correspondent
CNPJ 18.251.035/0001-69
947, Conselheiro Lafaiete / MG

Take advantage and also get to know Porto Seguro's credit cards!