Are you in doubt between the Mercado Pago card or the Magalu card? So you are in the right place! Today we're going to talk about the main features of each one so you can decide which is the best choice for your financial life.

Therefore, check out the exclusive comparison table that we have prepared for you below and continue reading to find out the pros and cons of each financial product. Let's go?

So, let's start by talking about the main features of the Mercado Pago card.

Undoubtedly, it is a great option for those who want to make national and international purchases with a modern card full of advantages. That's because it has international coverage and you can use it both in physical stores and online.

In addition, its Visa flag is one of the most recognized in the world and is accepted in thousands of accredited establishments in Brazil and abroad.

Another interesting feature is that you have access to two cards, the physical one and the virtual one. That way, you don't miss any deals at all your favorite stores.

Furthermore, the financial product is always looking to make its customers' lives even more practical. Therefore, it offers approach payment technology. And you can even make withdrawals on the Banco24Horas network using just your cell phone. It's a lot of technology, isn't it?

So, the Magalu card is the financial product offered by the Magazine Luiza network. Thus, store customers still receive exclusive discounts, in addition to enjoying all its benefits.

Well, the card has international coverage so you can make purchases in Brazil and abroad in an easy and uncomplicated way.

In addition, the Visa brand is one of the most widely accepted in the world and also offers several advantages to its customers, such as the Vai de Visa program, which offers discounts and exclusive offers.

In addition, you control your finances directly through the app, which is available on both Google Play and the App Store. Thus, you can consult the available limit, check the invoice and follow all movements with just a few taps. It's much more practical in everyday life, isn't it?

Well, one of the positive points of the card is that it is available in debit and credit functions. Thus, you can use it to make purchases in cash or in installments, depending on your financial needs.

Another very interesting advantage is that there is no annual fee and the digital account is free. That way, you save a little money and don't have to worry about these types of fees.

As already mentioned, the card is modern and technological. So, to use contactless payment, all you have to do is bring your card, cell phone or smart watch to the machine and the transaction is complete. Thus, you make purchases in a much safer way, as you do not need to enter the password. Amazing, isn't it?

And speaking of security, the physical version doesn't come with your data printed. Thus, all important information is stored in the app and you can be more relaxed in case of loss or theft of your card.

In addition, the Visa brand also offers several benefits to customers, such as the Vai de Visa program. With it, you get exclusive discounts on services and partner stores, such as Riachuelo, Magazine Luiza, Cacau Show, Drogaria São Paulo and much more!

Finally, all the money in your digital account has a higher yield than savings. And you don't have to do anything! All you have to do is deposit or transfer the money he is already earning. Furthermore, it is available anytime for you to use as you wish.

So, one of the advantages of the card is that it has no annual fee and all control of your account is done directly through the app.

In addition, you participate in an exclusive cashback program. With it, you get 2% back on purchases made at Magalu. Thus, the money is available in the MagaluPay digital wallet within 20 days after the purchase is made in the Magazine Luiza store, app or website. An amazing opportunity, isn't it?

In addition, you have discounts at partner stores, such as Zattini and Netshoes, and you also participate in the offers club, which gives exclusive discounts on Magazine Luiza products.

Another positive point is that you can pay your purchases in up to 24 interest-free installments. This way, you can plan your finances well and have more peace of mind to pay the bills.

Finally, you also have contactless payment to complete your purchases. Thus, you do not need to use the password to make transactions and you can be much more relaxed when using your card in physical establishments.

Well, now that we've talked about the advantages of each card, let's also mention its positive points. So, you don't have any surprises when using your financial product.

So, one of the downsides of the Mercado Pago card is that you have to pay a small fee to make withdrawals worth R$ 5.90. So, when withdrawing money from ATMs on the Banco24Horas network, be aware of this charge. So, always plan in advance what amount you want to withdraw to avoid extra expenses with this type of service.

In addition, you will undergo a credit analysis when applying for your card. In this way, your card limit will be defined based on the assessment, which takes into account your credit score and even the operations carried out by the application. So, if you don't have a very high score, your card limit may be lower than desired.

Well, one of the disadvantages of the card is that you need to prove a minimum income of R$ 800.00. So, if you do not fit this requirement, your card may not be approved.

In addition, many of the discounts offered are for purchases at Magazine Luiza stores. In this way, it can be more advantageous for those who usually shop online more frequently.

Now that you know better about the two financial products, have you decided which one best fits your financial needs? Mercado Pago card or Magalu card?

So, both products have international coverage and the Visa flag so you can enjoy your purchases worldwide and still earn discounts at partner stores.

But if you're still in doubt even after reviewing each one, don't worry! We have prepared another special comparison for you about two incredible cards available on the market.

So check out the recommended content below to make the best decision for your financial life.