How to apply for the Magalu credit card?
If you are interested in a good credit card, get to know the Magalu credit card and learn how you can apply for it!
Did you know that it is possible to have a credit card with many benefits without any problems?
In this sense, Magazine Luiza makes the process of requesting the Magalu card much easier.
Want to know how to take advantage of all the benefits of this card?
The Magazine Luiza store credit card is becoming very popular.
This is because it offers unique facilities and advantages.
You earn 2% cashback on purchases at Magalu and discounts from partners such as Época Cosméticos and Zattini.
Plus, you can pay for your purchases in up to 24 interest-free installments. And the best part? The annual fee is free!
So, if you want to know more about the Magalu card and how to apply, keep reading this article.
See also: Gamification in companies: what it is, advantages and how to implement it
Key points to know about the Magalu Card
- 2% cashback on purchases in the Magalu store, app and website
- Installments in up to 24 interest-free installments
- Exclusive discounts from partners such as Época Cosméticos, Zattini, Netshoes and ShoeStock
- Free annual fee
- Benefits of the Visa Platinum flag
Advantages and benefits of the Magalu card
The Magalu card offers up to 2% cashback on purchases at Magazine Luiza.
In this sense, you receive part of the amount spent back within 30 days. For purchases until September 30, 2022, the cashback is 4%.
A great point is that the Magalu card is card without annual fee.
But, this means there are no extra fees every year.
The new Visa Platinum card is cheaper than the old Magazine Luiza Mastercard Card.
The Magazine Luiza card still has advantages.
This way, you can pay by contactless payment and pay in up to 24 interest-free installments. This helps you easily divide the payment.
The Magalu Card also offers exclusive Visa Platinum benefits.
There are points programs, concierge assistance, travel insurance and purchase protection.
In short, these benefits increase security and comfort when using the card.
It is important to know that the Magalu card cashback is only valid in the Magazine Luiza network.
You can take advantage of discounts and pay in up to 30 interest-free installments.
Additionally, the minimum income to apply for the card is R$$ 800.00, making it accessible to many.
There are other cards on the market with similar benefits.
For example, the Trigg Credit Card offers cashback from 0.25% to 1.5%. The Bradesco Like Visa brings a return of 1.5% to 5% in different categories.
However, the advantages of the Magazine Luiza card stand out for their lack of annual fees and competitive cashback.
Table:
| Benefits of the Magalu Card | Description |
|---|---|
| Cashback | Up to 2% on all purchases at Magazine Luiza |
| Annuity | Free |
| Installment | Up to 24 interest-free installments |
| Flag | Visa Platinum |
| Other Benefits | Vai de Visa points program, concierge assistance, travel insurance |
The Magazine Luiza card is a great choice for those looking to save money.
With so many advantages, it is an excellent option for your next credit card.
Application Requirements
To have a Magazine Luiza credit card, it is essential to meet some requirements.
First, you must be of legal age, that is, over 18 years old.
Additionally, you must have a minimum monthly income of R$1,400,000.
These are the main ones Magalu card criteria to be served.
To request the card, you can go in person to a Magazine Luiza store or do it online on the company's website.
At this point, you must show documents such as ID, CPF, proof of income and residence.
THE Magalu card credit analysis is done in partnership with Itaú bank.
They will check if you have restrictions with credit agencies (SPC and Serasa).
If you comply with the requirements to apply for Magazine Luiza card and has no credit restrictions, your chances of approval are high.
Magalu allows you to pay for purchases in up to 24 installments in its stores.
Additionally, customers can have up to two additional cards.
| Criteria | Description |
|---|---|
| Minimum Age | 18 years old |
| Minimum Income | R$800 monthly |
| Required Documents | ID, CPF, proof of income, proof of residence |
| Place of Request | Magazine Luiza stores or online |
| Credit Analysis | In partnership with Itaú bank |
++ How to price services: Valuable tips for your business!
Step by step guide to applying for a Magalu credit card
To get started, download the Luiza Card application on Android or iOS. You can also go to the website Magazine Luiza.
O MagaluPay app, launched in April 2021, makes everything easier.
It helps you pay bills, make purchases from Magalu partners, transfer money and receive offers.
Then, fill out a form with your details.
This includes name, CPF, date of birth and proof of income.
The minimum income is R$800.00 and you must be over 18 years old.
Choose the invoice due date and wait for the credit analysis by Banco Itaú.
The response will arrive by email within 45 days.
If approved, the card will arrive within 15 days. You can request up to 4 additional cards.
To do this, add the dependents' data, such as CPF, date of birth and name.
| Celtic | Description |
|---|---|
| Casback | Up to 2% on all purchases at Magazine Luiza. |
| Revolving interest rate | Up to 12,16% am |
| Installments | Up to 24 interest-free installments in selected stores. |
| Annuity | Free. |
| Launch | April 2021. |
Main rates and conditions of the Magalu credit card
O Magalu credit card has several important rates and conditions.
It is essential to know before ordering yours. One of the advantages is the free annuity, which makes it a good financial option.
To the Magalu card interest rate vary. They can reach 12,16% per month for revolving credit and 7,78% per month for installment.
Furthermore, there is a cashback of up to 2% on purchases at the Magalu store and partners.
Using the card comes with charges. For example, a fine of 2% on the amount due and interest on arrears of 1% per month in delays.
There are also costs for withdrawals in Brazil and abroad. And it is possible to add an extra card for R$$ 9.90.
| Rates | Conditions |
|---|---|
| Revolving interest rate | Up to 12,16% am |
| Invoice installment fee | Up to 7,78% am |
| Cashback | 2% in store purchases |
| Late charges | 2% over the total |
| Late payment charges | 1% |
| Annuity | Free |
| Additional card | R$ 9.90 |
| Withdrawals in Brazil | R$ 12 |
| Withdrawals abroad | R$ 22 |
Understand the Magazine Luiza credit card conditions helps you make better decisions.
This way, you can take advantage of the card’s benefits in a smart and advantageous way.
+ Myths and Truths About Brazilian Government Benefits
Conclusion
The Magalu credit card is great for those looking for benefits and convenience.
It has no annual fee and offers cashback of up to 2% on purchases at Magazine Luiza.
The credit limit is also adjusted for each customer, according to their financial needs.
For those who already shop at Magazine Luiza, the card brings even more benefits.
It offers installments and exclusive discounts. This makes the card a useful tool for improving your purchases and financial management.
However, using the card responsibly is essential to avoid financial problems.
To have access to the Magalu card, you just need to have a minimum income of R$1,400.00.
This makes it possible for many people in Brazil to use it.
Additionally, customer service is available Monday through Saturday from 8am to 8pm.
They are ready to help with any problem.
In short, the Magalu credit card offers competitive advantages.
But it's important to use credit responsibly.
This way, you can enjoy all the benefits without any financial hassle.
+ Human skills that artificial intelligence cannot replace
