The Banco Inter Mastercard Credit Card offers the convenience of not having to go to the bank, whether to request a card or move an account, as the digital version is available on your cell phone.
With it, you don't have to pay anything because the service is unlimited and free. In addition to cashless payments, you can also make purchases at home and abroad.
Oh, and don't forget that withdrawals from the Banco24Horas network are also free, and your purchases will be converted into points in the Mastercard® Surpreenda program.
It is important to remember that card approval requires review. Also pay attention to the minimum income required.
Banco Inter Credit Card
Banco Inter credit cards are known for having no fees or other charges. When it comes to finances, however, there are some details that cannot be ignored.
By the end of this article, you will know everything you need to know about the Banco Inter card and see if it offers the ideal benefits for your financial life.
Banco Inter: What is this?
Banco Inter is a fully digital institution, meaning it does not have physical branches and therefore has an online account opening process. Operations can only be done through the app without leaving home for any banking transaction.
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Anyone who has followed the evolution of financial products understands that this is the path taken by banks, whether new or traditional. So, we can say that the biggest difference here is that there are no fees.
→ Apply for a high limit credit card! Click here to see cards with no minimum income requirement!
As we said at the beginning of the text, Banco Inter's digital account is free. Below we list the main free actions. See:
- Monthly fee;
- TED transfers;
- Membership fee;
- Deposits by bank slips;
- Withdrawals at Banco24Horas and Saque Pague.
In addition to digital accounts, banks also offer other types of services:
- Shopping (marketplace);
- Intercel (cell phone plans);
- Debit and credit card;
- Real estate financing;
- Loan;
- Investments;
- Exchange;
- Insurance;
- Consortium.
Since we are focusing on cards, we will not explore some options, just highlight points that we consider relevant to the context of the card.
History of Banco Inter
Banco Intermedium (as it was called before Banco Inter) was founded in 1994 by members of the Menin family, owners of the MRV Group, in the city of Belo Horizonte. While the original idea was to focus on real estate credit, the company grew stronger by offering payroll loans and a middle market.
Banco Intermedium took a long time as a general bank, as it only received a central bank charter in 2008.
At the end of 2014, digital accounts were freely accessible, allowing all customers to view their information and carry out all necessary banking transactions.
Then, in mid-2017, due to a brand update, Banco Intermedium changed its name to Banco Inter and surpassed 5 million customers.
Advantages of Banco Inter Credit Cards
Banco Inter credit cards are completely free of annual fees, except that there are no account fees. Another interesting point is that the recurring fee charged for late payment of bills is one of the lowest on the market. You can see the numbers taken from the central bank's website on May 10, 2020.
- Banco Inter: 4,25% per month;
- Bank C6: 10,34% per month;
- Bradesco: 10,45% per month;
- Itaucard: 11,74% per month;
- Nubank: 2,75% – 14% per month.
Still on the subject of cards, it is worth remembering that there are three options available to account holders: Standard, the card on this page, Platinum and Black. Both are under the Mastercard brand, so they have some exclusive benefits. Discover the benefits of the standard cards:
- Masterpass;
- Price protection;
- Mastercard Surprise;
- Global ATM Locator;
- Purchase protection;
- Extended Warranty Insurance.
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Obviously, the Black Edition has more benefits than the Standard and Platinum editions. However, despite having no annual fee, Banco Inter said that only people with R$250,000 in any of the bank's investments are eligible for the card.
To apply for a credit card, you must first open an account. Once you have completed the registration, you can activate the points function. Please note that your application will be reviewed and your application may be approved or denied.
Cashback
Another advantage is the cashback service. It works through a shopping platform and when you buy there, you can receive a partial refund.
According to the bank, you will receive the money in your checking account within 30 days, but only if you make purchases through the app using this feature. Keep in mind that this percentage varies depending on the partner or store.
Shopping – Banco Inter Marketplace
Shopping is Banco Inter's marketplace. Inside, you will find several partner stores to browse products and other services. It is important to note that the cashback feature is only available in these stores.
The whole process is very simple. First, you need to find a category that interests you, such as travel, fashion, etc. From the moment you click on an item that catches your eye, the bank's partner store appears.
When shopping, you can compare cashback options and choose the most favorable option. After that, the app directs you to the desired store to complete the purchase. Check out the app's main partner stores:
- Netshoes;
- American;
- Aliexpress;
- Drug Ray;
- Nature;
- Centaur;
- Submarine;
- Nike;
- Cold Point;
- Brastemp;
- Asus;
- Others.
Banco Inter Digital Account
Banco Inter's digital accounts are already well-known in Brazil, as the bank already has more than 5 million users. The exemption from fees and taxes is a great attraction for the general public who want to make their financial lives easier and avoid other fees.
Banco Inter PJ and MEI accounts
In addition to individual accounts, Banco Inter also offers corporate and individual microentrepreneur accounts. The corporate and individual microentrepreneur accounts offer some free services in the same way that traditional accounts provide services, but they also have some limitations.
Since we’re focusing on credit card details and how to apply for a credit card, we won’t delve into these accounts. If you’re interested, you can learn more about them here.
PAI – Investment
PAI is Banco Inter's investment platform. Through it, you have access to several investment options and can choose the one that best suits your financial situation. In addition, the bank offers a free Home Broker through the app. Below, you can find out about the options you can access:
- Investment Funds;
- Fixed Income;
- Variable Income;
- Private Pension;
- Public Offerings.
Since there are many details, we will not simplify the investment part. You can find more details here.
How to open a digital bank account
The process of opening a digital account is completely online. You can start your registration on the bank's official website or carry out the procedure directly on the app. The opening steps include forms where your personal information must be filled out.
At some point, the app will ask you to take photos of the front and back of the document, as well as ask you to confirm your digital signature and send a selfie. It can take up to ten business days for the account opening to be reviewed, but you can track the status of the request through the app.
If your request is approved, you will be free to do everything in the app, allowing you to move your account. The credit card must be requested later, remembering that it will also go through another analysis that may approve or reject it.
The app is available for Android and iOS, so it can be downloaded from Google Play or the Apple Store.
