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Nairaland Forum / Nairaland / General / Travel / Why You Must Be Careful With Credit Cards In Brazil(photo) (832 Views)
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Why You Must Be Careful With Credit Cards In Brazil(photo) by Nobody: 2:25pm On Jan 16, 2022 |
When you are in Brazil you have to behave like a Brazilian and follow the system and I remember how I started with getting credit of **** reais from Banco do Bradesco and thank you Bradesco, they gave me credit when other banks refused so I am grateful and in my opinion, Bradesco is the best bank for foreigners in Brazil. I applied for credit from different banks when I just arrived then and they did not approve it. But now my credit score is great and I have been getting approval from banks and even banks are sending me messages offering me credit. You have to be careful with credit cards because one small mistake and your rating would drop, don't take more than you need. I was surprised I got an email from a bank that I applied for back then and they approved my credit card but I don't think I need it because I already have enough credit. I don't want to be sucked in again. So when you have a good credit rating, banks would be trying to suck you in. So my advice is don't take more than you need and always clear your credit on time unless the Interest would be too much for you and once you don't pay back your name would be blacklisted https://www.walkbrazil4k.com/2022/01/why-you-must-be-careful-with-credit.html?m=1 1 Like
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Re: Why You Must Be Careful With Credit Cards In Brazil(photo) by Nobody: 2:32pm On Jan 16, 2022 |
I am even getting credit offers for my (small) company, but men na to pay back be the koko, once you default wahala don start, so just be careful and don't get carried away
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Re: Why You Must Be Careful With Credit Cards In Brazil(photo) by dehiero: 2:32pm On Jan 16, 2022 |
If Brazil doesn't pay you for this publicity and your loyalty I will personally file charges against them @ the icc 4 Likes |
Re: Why You Must Be Careful With Credit Cards In Brazil(photo) by Nobody: 2:34pm On Jan 16, 2022 |
dehiero: Lol, someone told me it would happen and I am keeping my fingers crossed , the country have done alot for me so my loyalty is forever 2 Likes |
Re: Why You Must Be Careful With Credit Cards In Brazil(photo) by dehiero: 2:38pm On Jan 16, 2022 |
walkbrazil4k:Knack us better gist na today is Sunday o... How many nuclear weapons Brazil get.. na country wey get nuclear weapons we wan dey go now |
Re: Why You Must Be Careful With Credit Cards In Brazil(photo) by Nobody: 2:44pm On Jan 16, 2022 |
dehiero: Lol, Brazil does not have but they built a nuclear powered submarine and the Current president is not interested 1 Like
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Re: Why You Must Be Careful With Credit Cards In Brazil(photo) by dehiero: 2:49pm On Jan 16, 2022 |
walkbrazil4k:Brazil is not interested in becoming world power..na only samba dey their minds |
Re: Why You Must Be Careful With Credit Cards In Brazil(photo) by Nobody: 2:52pm On Jan 16, 2022 |
dehiero: Lol, according to the Brazilian constitution they are not allowed to meddle and they don't take sides and this is why they don't have any issue with all their neighbours and Brazil is a regional super power and in the future I am sure they would also be a world power 1 Like |
Re: Why You Must Be Careful With Credit Cards In Brazil(photo) by dehiero: 3:03pm On Jan 16, 2022 |
walkbrazil4k:I'm not impressed where is the North Korean embassy in Lagos 1 Like |
Re: Why You Must Be Careful With Credit Cards In Brazil(photo) by Nobody: 3:33pm On Jan 16, 2022 |
dehiero: I hope you can stay for one week without laughing if you want to enter North Korea, lol |
Re: Why You Must Be Careful With Credit Cards In Brazil(photo) by dehiero: 3:39pm On Jan 16, 2022 |
walkbrazil4k:I dey vex by default that no one be problem |
Re: Why You Must Be Careful With Credit Cards In Brazil(photo) by Nobody: 3:46pm On Jan 16, 2022 |
dehiero: Lol |
Re: Why You Must Be Careful With Credit Cards In Brazil(photo) by dehiero: 3:58pm On Jan 16, 2022 |
walkbrazil4k:Back to the topic how much can a bank load an individual what's the minimum and maximum amount |
Re: Why You Must Be Careful With Credit Cards In Brazil(photo) by Nobody: 4:31pm On Jan 16, 2022 |
dehiero: I am not sure really because I have not applied for a loan before I only use credit but the loan would still depend on your credit score 1 Like |
Re: Why You Must Be Careful With Credit Cards In Brazil(photo) by dehiero: 4:37pm On Jan 16, 2022 |
walkbrazil4k:I mean for the credit card what's the minimum and maximum |
Re: Why You Must Be Careful With Credit Cards In Brazil(photo) by Nobody: 4:40pm On Jan 16, 2022 |
dehiero: $300reais-$35000reais |
Re: Why You Must Be Careful With Credit Cards In Brazil(photo) by dehiero: 4:51pm On Jan 16, 2022 |
walkbrazil4k:What's the time limit to pay back |
Re: Why You Must Be Careful With Credit Cards In Brazil(photo) by Nobody: 4:58pm On Jan 16, 2022 |
dehiero: No the bank would always collect a monthly fee(2500 naira) for you to use the credit card and while some online banks don't collect any monthly fee and re payment would depend where you use your card, in Brazil you can share your payments for more than 12 months Eg you buy something of 1200 reais you can share it and pay 100 reais monthly for 12 months, so repayment depends on that 4 Likes 1 Share |
Re: Why You Must Be Careful With Credit Cards In Brazil(photo) by dehiero: 6:05pm On Jan 16, 2022 |
walkbrazil4k:Only those with permanent residency are eligible for the credit card? |
Re: Why You Must Be Careful With Credit Cards In Brazil(photo) by Nobody: 6:08pm On Jan 16, 2022 |
dehiero: It all depends on the bank and their rules |
Re: Why You Must Be Careful With Credit Cards In Brazil(photo) by Bifwoli: 8:09pm On Jan 16, 2022 |
walkbrazil4k:Wow , their interest rates & charges must be very exploitational the Brazilian govt should regulate and reign in this industry especially for poor people .Remember this is how the 2008 financial crisis started with exploitational mortgage loans preying on poor borrowers who couldn't afford it...then the enormous crush happened. |
Re: Why You Must Be Careful With Credit Cards In Brazil(photo) by Nobody: 9:19pm On Jan 16, 2022 |
Bifwoli: Yea but online credit card companies don't charge any monthly fees, we know banks are all the same they all want to make money |
Re: Why You Must Be Careful With Credit Cards In Brazil(photo) by dehiero: 7:02am On Jan 17, 2022 |
What are the consequences for defaulters will they (bank) come knocking on your door and chasing you around Brazil |
Re: Why You Must Be Careful With Credit Cards In Brazil(photo) by Nobody: 10:23am On Jan 17, 2022 |
dehiero: Your name would be blacklisted |
Re: Why You Must Be Careful With Credit Cards In Brazil(photo) by dehiero: 10:32am On Jan 17, 2022 |
walkbrazil4k:What are the limitations of being blacklisted... |
Re: Why You Must Be Careful With Credit Cards In Brazil(photo) by Lexusgs430: 11:21am On Jan 17, 2022 |
dehiero: - You can't apply for cheap credits - You would receive a judgement against you, debt recovery agencies would start chasing you etc etc - Debt could be pegged to your wage, property etc etc - Only higher interest rate lenders, would consider you, making borrowing more expensive etc etc - Certain professional jobs, would not allow you practice |
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