Best credit cards for retirees: how to choose?

Did you know that there are credit cards for retirees? That's right! There are exclusive options aimed at the public. But after all, which are the best? credit cards for retirees? Discover the available alternatives right now! 

What are the best credit cards for retirees?

The best credit cards for retirees generally offer benefits such as no annual fee, income-compatible limits, and payment options. 

Check out a list of the best card options for retirees and a credit purchase option.

Credit Card

This type of card is deducted directly from your retirement, which can make approval easier and offer higher limits. Institutions such as Banco do Brasil, Santander and Banco BMG offer this option.

PagBank prepaid credit card

The option is ideal for retirees due to its unique benefits, such as not needing to prove minimum income, in addition to having zero annual fees and also offering points programs.

Will Bank Credit Card

The Will Bank Card is an excellent option for those looking for affordable and advantageous credit. It does not require a minimum income, making it easier for a greater number of people to obtain approval. 

In addition, the card has no annual fee, allowing you to use the credit without additional costs. With a points and cashback program, your purchases become rewards, offering a smart way to save. 

Caixa Econômica Federal credit card

For INSS retirees, Caixa offers cards with adequate limits and special conditions, as well as discounts on some bills.

Inter Bank Card

Banco Inter offers cards with no annual fees, allowing you to use credit without additional costs.

Nubank credit card

Nubank also offers a credit card with no annual fee, with fully digital control and management facilities via an app.

Banco Original credit card

With the proposal of being a 100% digital bank, Banco Original offers cards with no annual fee and advantages in online purchases.

What is the credit card limit for retirees?

The credit card limit for retirees can vary greatly, as it is calculated based on the beneficiary's net monthly income. This is usually the pension received from the INSS. 

In general, financial institutions usually offer limits that can represent up to 30% of the retiree's net income.

For example, if a retiree receives R$2,000 per month, the credit card limit could be around R$600. 

However, this amount may be higher or lower depending on factors such as the financial institution's policy, the customer's credit history and the risk analysis carried out by the bank. 

It is always recommended that retirees consult different institutions to better understand the available options and limits offered.

Credit Card Margin for Retirees

The credit card margin for retirees is 5% of the beneficiary's monthly income, representing the maximum amount allocated to paying the payroll card bill. 

The total consignable margin that retirees and pensioners can access is 45%, distributed as follows: 35% for assigned loans, 5% for the credit card and 5% for the assigned benefit card. 

Finally, this structure allows retirees to access different forms of credit while maintaining control over their monthly financial commitments.

Written by

Juliana Raquel