Portuguese 
English 
Spanish 
2 min of reading 
0 comments 
Understand How Nubank’s Feature Allows You to Convert Your Credit Card Limit into Account Balance, with Interest, Installments, and Immediate Use.
If you’ve ever found yourself without balance in your account and with a credit card full of limit, Nubank offers a quick solution that transforms Nubank limit into balance.
Since last year, the fintech has released a feature that allows customers to convert their credit card limit into balance directly in their account. The operation is done through the company’s app and has helped many people in emergency situations.
How the Limit Conversion Works
The feature allows you to transfer your credit card limit to your account as if it were cash credit.
-
Hidden at the bottom of a dam in Turkey, the submerged ruins of a 2,400-year-old ancient city reveal mosques, tombs, gravestones, madrasas, civil buildings, and even a Byzantine bath, found by police officers during a training dive.
-
A young inventor has built a homemade two-seater solar car with electric bicycle parts, four 1,000 W motors, a range of up to 100 km, and completed a 29 km test powered solely by the energy from solar panels.
-
Liquid sugar enters Alzheimer’s radar: Framingham study with over 4 thousand participants links sodas, industrialized teas, and sugary drinks to smaller brain volume, worse memory, and silent signs of brain aging.
-
James Webb Telescope reveals rocky exoplanet ‘very close’ to Earth: The exoplanet LHS 3844 b has a dark, arid, and airless surface, with temperatures of up to 725 °C and is 48 light-years from Earth
This can be useful in cases where payment needs to be made via PIX, or to take advantage of discounts on cash purchases. It also serves situations where the available balance is not enough for an urgent transfer.
It’s important to remember that this operation involves interest charges. Once the amount is chosen, the app shows the conversion conditions.
The operation’s interest, IOF (Tax on Financial Transactions), CET (Total Effective Cost), and installment options are presented.
Step-by-Step to Convert Limit into Balance
Nubank has created a simple and straightforward process. The customer needs to follow these steps:
- Open the Nubank app;
- Access the “Credit Card” tab;
- Tap on the “Convert Limit” option;
- Choose the amount to be converted;
- Define how many installments you want to pay;
- Choose which invoice will be charged the amount;
- Check all the operation details;
- Enter the password to confirm.
Once confirmed, the amount appears in the account immediately, ready for use. The operation is based on the credit limit still available.
That is, if the customer has a total limit of R$ 10,000, but only R$ 5,000 released, that will be the maximum amount they can convert.
What to Consider Before Using
This feature is practical, but it should be used with caution. Since it involves interest and fees, it is ideal to opt for it only in cases of real necessity.
Situations like a cash purchase with a discount or a financial emergency can justify the conversion.
Nubank business clients also have an advantage: it is possible to transfer the limit from the personal card to the business credit card.
Before using the feature, it’s recommended to check all conditions in the app or on Nubank’s official website, where all updated fees and information are listed.
Be the first to react!