Nubank announced on the 24th, Monday, the Nu Limite Garantido, a new way to increase the credit limit. The new functionality uses the values saved in the “Little Boxes” as a guarantee for the new limit.

The new functionality can be accessed directly through the Nubank app and is gradually being released to both customers who use the Roxinho card and those who use the Ultravioleta card.

According to the bank, among the benefits of the new functionality is the fact that the new credit limit is released immediately. Furthermore, it is possible to choose how much of the saved amount will be used as a limit on the card and users are free to redeem the amount at any time.

To access the Nu Limite Garantido, the customer needs to save values starting with R$ 1 in the RDB modality in the Little Boxes. The investment leaves the money yielding 100% of the CDI, offers immediate liquidity (depends on the type of Little Box) or daily liquidity and FGC (Credit Guarantee Fund).

With the money reserved, the customer can decide to transform part of the amount invested into a credit limit. Example: If a person has R$ 1 thousand saved in the RDB modality in the Caixinhas tool, they can, if they wish, transform R$ 500 of the saved amount into a credit card limit.

The money transformed into a limit works as a guarantee that the invoice will be paid by the end of the due date. In other words, if the invoice is not paid, the investments will be used to pay all or half of the invoice.

See below how to increase your Nubank credit limit:

Nubank emphasizes that only the money deposited will be taken into consideration for the credit increase. Therefore, the income cannot be used as collateral.

After the Nu Limite Garantido is activated, it can be canceled at any time, however, there are restrictions. If the user is overdue on the invoice, cancellation and redemption of the amounts applied will not be possible.

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