We will examine the Mercado Pago credit card with precision and clarity. Our goal is to provide a simplified and accessible review to help you understand more about this financial product. We are committed to offering reliable information to guide your financial decisions.
In 2003, Mercado Pago was created, which would be the payment method between seller and buyer through a platform.
Who is Mercado Pago suitable for?
The Mercado Pago card is recommended for all those who want a card that is free of annual fees.
Below are the requirements to apply for the card:
- Minimum age of 18 years;
- CPF regularized with the Federal Revenue Service;
- Minimum income required: there is no minimum income.
- Mandatory credit assessment.
Mercado Pago Card fees and charges:
It's crucial to understand the fees associated with the card to make an informed decision. Here are some details about the card:
- Annual fee: Exempt from the annual fee.
- Revolving interest: 14% per month for each transaction.
- Possibility of international purchases: the Mercado Pago card is international and can be used in virtual and physical stores abroad without any problems. However, as it is a Brazilian card, the charge will be in reais, therefore, there will be a fee charged on the conversion of currencies, in addition to the IOF (Financial Operations Tax).
What is the Mercado Pago credit limit?
If your card is approved, the limit can reach up to R$60,000.00 thousand. This value will depend directly on the credit analysis carried out by the institution administering your card.
Mercado Pago Card Request:
First you need to be registered on the benefits platform. Then, you must enter the Mercado Pago app and access the “Corporate benefits” area. There, you can request your Mercado Pago Card by clicking on “Physical card”.
It is worth it?
In addition to the possibility of paying in installments, the card can bring other benefits, such as loyalty programs, total control via the application, contactless payments, among other benefits.
Click the button below to be redirected to the official website where you can request the your paid market card