When someone becomes an INSS retiree or pensioner, there are some options for lines of credit and cards especially aimed at these people. So, if you fit this profile, you might find it very interesting to learn more about the Caixa Consignado credit card.

Well, as the name suggests, this type of card is similar to a payroll loan. But the loan is a high amount that you will hire at once, while the credit card has a lower limit and is paid on the bill monthly only for what you have spent.

So, if you are retired or a pensioner of the National Institute of Social Security (INSS), the Caixa Consignado credit card can bring you savings and also a series of advantages exclusive to the card.

Furthermore, it works like any other type of credit card, with the differential being its consignable margin. That is, every month a percentage of your total credit limit amount is automatically deducted from your INSS benefit payment. 

Thus, for those who take out a Caixa payroll credit card, the monthly percentage that will be deducted is 5% of the total amount of your monthly limit. But the remaining 95% of your limit are available for you to transfer directly to your bank account, as a balance. However, this option must be in your card contract.

But how about understanding what are the biggest advantages that the Caixa Consignado credit card can bring you? So, read on and check out the information we've put together for you below.

Your Caixa payroll card has a great advantage in relation to its interest rates. Because the interest rate of this financial product is three times lower than that of a conventional credit card.

So, anyone who hires a Caixa payroll-type card will have an interest rate on the revolving credit of 2.85% per month. But the benefits don't end there! Therefore, check out the list of the main positive features of the card:

So, did you see how many good advantages a Caixa Consignado credit card can bring you? But another positive point is that the Elo brand is national, but the card can also be used for purchases abroad.

But as a financial product is not only about advantages, check also what are the negative points that we find in the Caixa Consignado credit card:

In general, Caixa's payroll credit card can be very interesting for retirement beneficiaries or INSS pensioners. Because the concerns with paying the bill would be less, since 5% of the amount will already be paid monthly directly on your benefit.

In addition, for those who are older, it is very advantageous to have 24-hour assistance and another team for repairs and help with the electrical and plumbing parts of the house. However, it is not as advantageous for those who are beneficiaries of the INSS but are younger, and are looking for a credit card with more benefit programs, and a broader brand such as Visa and Mastercard.

So think carefully about the pros and cons before ordering yours. In addition, the card requires a minimum income and has a membership fee of 15 reais. That is, it may be that it is advantageous for older people, or specifically for those who are negative but need a card with a credit limit and lower interest rates.

To apply for a Caixa Consignado credit card will only be possible in person. That is, you need to go to one of the Caixa Econômica Federal branches, and then ask the attendant for your credit card.

Then, you will need to fill out a registration and request form. But in order to be able to apply, it is very important that you have the following documents at hand:

Finally, you will need to pay the fee for issuing your new credit card, in the amount of 15 reais. But this amount can be divided into up to 3 installments with a direct discount in 3 installments in your bank account.

So, just wait for your card to be received to start using it for your day-to-day expenses and purchases! But don't forget that only 5% of the limit amount is paid every month with your benefit, so keep an eye on your bill spending and always pay on time, so you don't fall into revolving interest.

This brings us to the end of our exclusive article on the Caixa Consignado credit card. Therefore, we hope that now it is easier to decide whether it will be advantageous to contract this financial product.

But if you are already sure that you are going to request a Caixa Consignado card to call yours, how about checking out our exclusive article on requesting this card? Because there you can check out more information and a step by step to ask for yours! So, click and read more!