The credit card can be your best friend or worse enemy! Learn how and when to increase the limit of your Santander card.

We have already talked a lot around here about the subject of credit card and how it can help you at times: whether in that unforeseen that you were out of cash in hand or in installment (without interest), a course, for example.

It's okay, as long as you have good financial planning and know which one you can spend on the card per month without compromising other essential items.

Increasing the limit of your Santander card can be a good possibility when you are sure that this new value fits in the monthly budget. Here we will teach you how to do this procedure and give some more tips on the topic!

Santander app

Santander is one of the largest banks in the country and the world - and, therefore, is always keeping an eye on technological news, bringing easier to its customers.

Now, in addition to asking for food, marking a date and shopping for apps, you also learn how to increase the limit of the Santander card ! To do this, just download the Way app and do all your credit card management through the smartphone.

Within the app, to increase the limit of your card, just click on the symbol “+”. Then the app will ask you what limit you would like to have on your card and you can enter the desired value.

As with all banks, there is a credit analysis, and your request may or may not be approved. Of course, remember to have common sense, and always request a change that is compatible with your income .

Through the application, it is also possible to reduce, at any time, the limit of your card, and this reduction can be temporary or permanent - and it occurs immediately after confirmation. Have you ever stopped to think about this possibility? It can be a great choice, when the invoice is coming larger than we can realize! 

If the credit increase is refused, you can make a new request after 30 days.

How to increase the limit of the Santander card 

Now that you've seen how to increase the Santander card limit, you may be wondering, “Ok, but what will the bank release this credit or not for me? ”

In fact, what Santander and all banks analyze when increasing the limit of customer cards is their payment capacity and how reliable you are.

Imagine that you will lend money to your brother -in -law, but he has a terrible reputation for being a bad payer, taking the money and disappearing, not paying anyone or giving satisfaction. In that case, the chances of lending money to him would be almost 0, right? The same happens with the banks.

But how to show Santander that you are a reliable person? Paying your accounts up to date!

So, some indispensable tips to “be well on the tape” and get interesting limits on Santander are:

• Always pay the credit card bill within the due date , without delaying or stopping any month;
• Install the accounts in the lowest number of possible installments , as the high number of installments also decreases the trust of banks;
• send proof of income to the financial institution , especially if your income has increased;
• Maintain a good score in the positive register . If you are not yet in this registration, it is important to activate it and then pay your bills up to date, avoiding restrictions on your CPF;
• Avoid making many boundary increase requests . Have you made the request for the app and have been refused? Wait for the period and, if possible, wait beyond the minimum time to try again.

That is, if you want to understand how to increase the limit of the Santander card, you need to take care of your finances, making financial institutions see you as a good payer and as a reliable - and thus release more credit for you.

What do you need to know about the credit card

Do you know the main precautions that should be taken when it comes to credit cards? We introduced you to some of them:

Minimum payment

When you run out of money to pay the total invoice amount, the minimum payment option looks good, isn't it? However, this can be a trap. So, before you choose it, it's good to think of some points.

The minimum credit card payment usually happens in the situation described above. So when you pay the minimum amount, what was missing enters the revolving credit, and is charged on next month's bill with interest and taxes (and put interest on this!).

According to the latest Central Bank law, if you do not have enough money to pay the total bill, you can stay a maximum of 30 days on revolving credit. So, in the other month, you cannot make the minimum payment again and you have to choose between two options: either pay the total amount or your invoice is automatically in installments with lower interest rates than the rotary.

Installment purchases

Did you make a purchase and parcel at 2.3.4, 5 times?

Let's imagine that you have a credit limit of $ 1,000. If you make a purchase of $ 500 and installment in 5x, what is your limit available? The first logical response that comes to our head is $ 900, as only the first installment will be paid this month, but that's not how it works.

In fact, in this case, your current limit is $ 500, because when you parcel an account, it makes use of the total limit of your card. But be aware! Some stores usually charge interest to perform this service.

You should also think about the amount of times you will divide your purchase: the more installments, the more time of your limit commitment.

Planning the expenses on the card

Can you realize that the two questions we present require financial planning before being executed?

Some tips for maintaining the organization of your money are:

• Download applications especially designed for your financial planning;
• Try to keep a fund of economies;
• rethink their habits and how they may be influencing their consumption;
• use a spending control spreadsheet.

Thus, you can understand whether or not it is worthwhile in installments or paying the minimum invoice of your card, as well as being able to think of other daily issues, such as how much you spend in the supermarket or can plan for a more safe trip.

Now that you know how to increase the limit of the Santander card, have you worried because you don't have the accounts up to date and may not get this extra limit?

In addition to these tips, all the others of financial planning are still valid. Regardless of the time of year, it is important to have a monthly budget , with all your entries and exits, and seek to adapt your expenses to your financial reality, avoiding indebtedness and becoming a good payer, reliable for banks.