Cards

Discover the Magalu Credit Card

Discover the Magalu credit card, launched by the Magazine Luiza chain, ideal for consumers looking for good conditions when shopping!

Advertisement

magalu credit card

Conheça o Cartão de crédito Magalu Imagem: Infomoney
Get to know the Magalu credit card Image: Infomoney

In 2021, Magazine Luiza launched its new Magalu credit card with no annual fee, which works seamlessly with the Magalu app. In it, you can consult all transactions made with the digital card as a balance inquiry and still pay invoices.

So, let's show you how this card can be useful for you, as well as teach you how to apply for the Magalu card! Check out!

How does the Magalu credit card work?

Conheça o Cartão de crédito Magalu Imagem: Olist blog
Discover the Magalu Credit Card Image: Olist blog

Well, the Magalu credit card is a totally innovative card, because it is aimed at the digital public because it is integrated with the Magazine Luiza digital app, where you can check your limit and available balance, as well as access services and pay your invoice.

In this regard, fintech Luizacred, in partnership with Itaú Unibanco, will offer double cashback for one year for all purchases made through Magazine Luiza's sales channels.

So, everyone who requested the card until May 31st of this year, will earn 4% cash back on purchases made within Magalu! And customers registered after this deadline will receive 2% of cashback.

Accessing the card is very simple, as it does not charge an annuity or application fee, as it is completely free! It also belongs to the Visa flag and the Vai de Visa program that allows you to shop in stores that accept the Visa flag (but in this case, no cashback)!

Advertisement

What is the Magazine Luiza credit card limit?

Well, the Magazine Luiza credit card works with two limits: On the one hand, the general limit, for purchases made at other stores. On the other hand, the specific limit, for purchases made in stores or on the Magazine Luiza website.

So, the general limit will be defined by Banco Itaú itself, which carries out a credit analysis of the client.

In this, the bank consults the customer's purchase history and consumption habits.

On the other hand, the specific limit is three times greater than that established by Itaú bank. So, if Itaú defined a usage limit of R$2,000, the limit for purchases at Magazine with the credit card will be R$6,000.

In addition, you can increase or reduce the general limit, just contact the Customer Service Center: 3003 3030 or 0800 720 3030 and ask for a new evaluation.

magalu credit card it is worth it? 

Conheça o Cartão de crédito Magalu Imagem: Poder 360
Get to know the Magalu credit card Image: Poder 360

Well, this card seems to be a great proposal from the network, as it facilitates consumers' purchasing power, without having to leave their homes.

On the other hand, the possibility of paying for many purchases in installments and thus compromising the credit card limit, in the long term, can become a problem.

how to do magalu credit card?

So, to make the Magalu card, you can access the Superapp Magalu website or application.

To do so, simply click on the card's banner on the home page of the App or website, then fill in the form with all personal data such as CPF, RG, proof of address and proof of income not exceeding 60 days.

So, just wait for the credit assessment made by the Magazine Luiza chain. This is because the network analyzes your purchase and credit history to find out if you are able to use the card.

In this case, a tip is to keep your credit score high and not be negative, as this helps when releasing the credit or card, whether at Magalu or at another store or bank. Therefore, keep your good paying history before the credit protection bodies!

Advertisement

What are the advantages of the card?

Well, the Magalu credit card has proximity technology. That is, when shopping, you do not need to insert the card into the machine. And yet, you can access all card movements through the application.

To close, you still have several other advantages such as the absence of annuity; cashback program; exclusive discounts from Magalu and partner stores and excellent payment terms, which can be divided into more than 24 installments.

So, to learn a little more about these advantages, click on the recommended content below:

What are the advantages of the Magazine Luiza card?

Learn about the advantages that the Magazine Luiza card brings you and how it can help you when shopping! Check out!

About the author  /  Joyce Viana

Graduated in Law from PUC Minas. Post Graduated in Criminal Law and Criminal Procedure by Faculdade Legale. She produces content for different niches, from recipes and finance to beauty and health. Since he was a child, he made writing his best friend, and he never stopped!

Reviewed by  /  Junior Aguiar

Senior Editor

Trending Topics

content

Payroll loan Brazil Aid: learn more!

Find out in this post all about the Auxílio Brasil payroll loan and find out how it works before applying.

Keep Reading
content

Hidden Camera Detector: how to detect hidden cameras with the app 

Do you know what Hidden Camera Detector is? It is one of the best camera detector apps on Google Play!

Keep Reading
content

Get to know FGV's free courses

Check out in this article how the free FGV courses work in practice and what advantages you can get by taking them.

Keep Reading

You may also like

content

Consigned Cash Loan: how it works

Do you know the payroll loan? It offers great credit terms, such as a reduced interest rate. As well as the installments are deducted directly from your payroll. Read this post and learn more!

Keep Reading
content

How to apply for a Cheapoair card

Want to travel and spend little? With it, you can get discounts while spending on your trips and shopping. So, follow along here how you can apply for your Cheapoair credit card.

Keep Reading
content

Government starts testing the National Identity Document, or DNI

With the implementation of the DNI, Documento Nacional de Identidade, Brazilian citizens will no longer need to carry printed documents. In addition, impersonation fraud will be almost extinct.

Keep Reading