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The Caixa Tem app was initially implemented to facilitate payments of the former emergency aid. This benefit was created during the COVID-19 pandemic with the aim of assisting families in vulnerable situations. However, recently, the app has undergone a process of “banking inclusion,” incorporating several new features, in addition to processing payments for other benefits.
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One of the new features announced by Caixa Econômica Federal is the possibility for users to request a credit card with no annual fee through the app. In addition, it is also possible to obtain loans through the Caixa Tem app (iOS, Android).
Caixa Tem credit card
The card can be requested entirely digitally and allows customers to make one-time or installment purchases without having to pay an annual fee.
For cash purchases, the user has up to 40 interest-free days to make the payment. For installment purchases, payments can be made with or without interest, depending on the terms offered by the establishment.
Before issuing the card, the bank conducts an analysis using credit information, public data, and internal data. This process results in an internal score that determines whether or not the card is approved for the customer.
How to apply for the credit card? Step by step
- Access the Caixa Tem app menu;
- Click “Credit card”;
- Then click “I want my card”;
- Confirm your personal information;
- Read and accept the terms and conditions;
- Create a password for your card.
Caixa Tem Loan – how does it work?
The loan, known as the Digital Microcredit Simplification Program for Entrepreneurs (SIM Digital), is also available through the app. The service is intended for informal entrepreneurs (Individuals) and Individual Microentrepreneurs (MEIs).
In this way, the loan allows payment of expenses with suppliers, assistants/employees’ salaries, water, electricity and rent bills, acquisition of raw materials and goods for resale, among others.
Legal Entity (PJ) entrepreneurs can apply for loans of up to R$3,000, payable over 18 to 24 months, with interest rates starting at 1.99% per month. Individual (PF) entrepreneurs can apply for loans of up to R$1,000, with interest rates ranging from 2.99% to 3.60% per month. In this case, customers can also pay in installments over 18 to 24 months.
Individuals can apply for the loan entirely digitally through the Caixa Tem app. MEIs, however, must apply directly at Caixa Econômica Federal branches.
