How does the Credit Card CDB work and what are the options?

Do you imagine what it is or How does the CDB credit card work?? This service can be a great opportunity to get a credit limit, even without having a pre-approved limit. 

Furthermore, it is a good alternative for those who have a negative credit rating and cannot get credit to pay for their purchases in installments.

Read the text to the end to learn more details about this function and learn about some options for credit cards linked to investments. Check it out!

What is CBD?

The Bank Deposit Certificate. In practice, it is like a term deposit. 

In other words, the CDB is a type of investment offered by institutions, a type of credit title with a promise of return. 

CDBs are very common investment models, including one of the best known and most chosen by beginners. 

When you buy a Bank Certificate of Deposit, you lend money to the bank to fund its credit activities, for example, granting loans to other people.

In exchange for the resources raised with the CDB, banks offer interest remuneration to investors. 

Now that you understand in a simplified way what is CBD, see below How does the CDB credit card work? 

How does the CDB credit card work?

The CDB credit card is a tool where you invest your money in the CDB and the same amount of the application is converted into a limit on the credit card. 

In this function, the credit limit is related to the investment value, that is, the more you invest, the higher the card limit will be. 

However, when you redeem the investment, the credit limit is also reset. 

If there are expenses on the card, the bank uses the investment money to reduce the amount of the debt. 

Some rules may vary depending on the company, but generally, it works exactly like this.

What are the advantages of having a credit card linked to the CDB limit?

This is a great alternative for those who don't have a credit card, in fact, it is possible to have a credit limit even if you have a negative credit rating.

The investment acts as a payment guarantee, therefore, there is no credit analysis.

 Additionally, this feature helps you create the habit of starting to invest and also have more control over your finances. 

Not to mention that the more you invest, the higher your limit will be. This way, you can control it by adjusting the limit according to your needs. 

It is worth noting that the investment still has daily liquidity, that is, it can yield according to the CDI rate, but normally, the yield value is not converted into a credit limit. 

Finally, the last advantage to highlight is that purchases made with the CDB credit card can be paid in cash or in installments. 

This way, you pay off your debt in installments that fit your budget and have more time to organize your finances. 

Disadvantages

There are two main disadvantages involving the CDB credit card, the first of which is related to the limit. 

The credit card limit is linked to the investment, so when it is redeemed, the limit will also be reset. 

The other disadvantage is that if there is a default, that is, you do not pay your credit card bill, the bank will redeem the investment amount to pay off the debt. 

However, it is possible to find solutions to these two disadvantages, especially the second alternative.

Have full control over your expenses and payments, so you can always pay your bill on time, without the bank needing to change your investment. 

Now, check it out below How does the CDB credit card work? in 3 different digital banks.

1. How does PagBank's CDB credit card work?

This alternative is known as credit card with guaranteed limit on PagSeguro. 

However, the card is linked to the investment and the credit limit is also linked. Therefore, every time you make a withdrawal or have a due date, the card limit also decreases. 

To access this service on PagSeguro, you must invest at least R$$300.00 in one of the CDBs available on the PagBank investment platform. 

When you make an application, you receive an offer where you can use part or all of the invested amount as a credit card limit. 

In addition to being a great option for those who don't have a credit card and are in debt, it's good for those who already have a PagSeguro card but want to increase their credit limit.

If your investment matures or is redeemed and there is any debt on the credit card, part of the investment value corresponding to the debt will be reserved as a guarantee of payment of the invoice. 

In addition, there will be a reduction in the credit limit, corresponding to the amount redeemed, that is, if all the money is withdrawn from the account, the limit will also be reset, even if you do not have any debt. 

2. CDB + Banco Inter Limit

With this option, you can obtain a credit limit or increase your current limit. Furthermore, the amount yields more than savings. 

Customers can invest any amount between R$100 and R$25 thousand, and in the PJ account this amount can be up to R$70 thousand. 

As we can compare, this alternative allows you to start with a lower amount than PagBank. 

However, PagBank's maximum investment limit can reach R$1,400,000, so it's up to you to decide which is the best alternative for your goals. 

At Banco Inter, in the event of default of up to 5 consecutive days, the bank uses the amount invested or part of it to reduce the outstanding balance. 

This service is available to all Banco Inter customers, even if they do not have pre-approved credit.

However, the following requirements must be met:

• Have an active Inter card;
• Not owing money to Inter;
• Not having adhered to revolving credit on your open invoice, invoice installment plan or compulsory installment plan;
• Be over 18 years old.

Watch the tutorial and discover how Banco Inter's credit card CDB works and how to invest in this alternative.

3. C6 Bank

This alternative has Daily Liquidity and the entire amount invested in the C6 Bank Credit CDB can be converted into a credit limit. 

You can invest from R$100, but there is no maximum investment amount in this feature, however, the additional limit is limited to R$25 thousand.

The amount can be withdrawn whenever you wish, as long as it is during business hours and on business days, and is not tied up in credit card expenses.

You can use this alternative to receive an increase in your card limit, in which case the limit that the bank granted you will always be consumed first. 

It is worth noting that the amount should not be invested in any CDB to receive a credit limit, there is an exclusive CDB for this, CDB Credit Card. 

Conclusion

This function works very similarly to Nubank's “Limit Building” function, however, the difference is that Nubank does not offer income for the money set aside to build the limit.

Now that you've discovered how does the CDB credit card work, He also realized that this tool offers many advantages, for example, installment payments for purchases and credit when in debt. 

Therefore, it can be a great alternative to start learning how to invest, save and even control your expenses. 

Read also👉How much does a CDB 120% from CDI yield??