The program has some positive and negative points that the user should know before signing up, which costs $ 19 per month or $ 190 per year, with the possibility of free testing in the first month. In addition, the exchange of points may end up being more "expensive" than expected. Here are the advantages and disadvantages of Nubank Rewards that you need to know.
Does Nubank Rewards Pay Off? Learn how to use points to 'erase' card spending
Check out the pros and cons of Nubank Rewards, Nubank's points program Photo: Reproduction / Barbara Mannara
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1. Transfer points to Smiles
Recently, Nubank announced a partnership with Smiles, the airline's Gol loyalty program, allowing them to redeem Rewards points for miles. Each Smiles mile equals four points, and the procedure can be done directly from the bank's Android and iPhone (iOS) app. Thus, the user can get discounts on area tickets from spending on the "purple" card. THE TechTudo It has a tutorial that teaches you how to transfer.
Unlike many credit card point programs, Nubank Rewards has no expiration date for accumulated points. That is, even after a year of spending, the user does not lose his points, as occurs in many traditional banks. It is possible to continue adding credits for as long as the customer wishes, so "delete" purchases or exchange for miles.
Nubank Rewards points never expire Photo: Divulgao / Nubank
3. "Delete" card purchases
One of the hallmarks of Nubank Rewards is the ability to "delete" purchases already made on the credit card using the accumulated score. Thus, the user saves on the next bill, receiving a full rebate on the value of the canceled purchase. International purchases may also be removed from your account.
The procedure done simply through the Nubank app. It is not possible, however, to override a partial value: the user must have the full score corresponding to the purchase. Points can be used to "erase" spending on hotels, tickets, restaurants, and even runs on Uber.
Nubank Rewards allows you to use points to 'erase' card spending Photo: Reproduction / Barbara Mannara
4. Earn total points from a split purchase
Bought a new phone, but split in 12 times? Nubank Rewards points will be fully refunded at the time the transaction was made, so you do not have to wait for payment of each installment. Thus, credits can be used immediately to "erase" other expenses. The rule applies to any value or number of installments.
5. Discounted Partners and Multiplying Points
Nubank has some partners that allow you to help with Rewards points. The benefits change periodically, and each time a new promotion or advantage from a different company is displayed. The user can find the partners in the "Earn Points" tab of the app, which displays the marks that give extra points on the first purchase and those that multiply the accumulated score with the spend in question. In the "Benefits" tab, there are other partners that give discounts on the use of certain services or the purchase of products.
Find point multiplier partners and get discounts with Nubank Rewards Photo: Reproduction / Barbara Mannara
1. Cannot cancel a point transfer
Once the user has canceled a purchase with Nubank Rewards or exchanged points with one of the partners, it is not possible to go back or redeem the credits. There is also no possibility to transfer other point services to Rewards, in the opposite direction of the partnership with Smiles. It is worth thinking about and deciding how best to spend your points before confirming the action.
The user must pay to participate in Nubank Rewards. This is a disadvantage as many credit card loyalty services accumulate points for free or are tied to the card's flag scoring system. The first free month to try, but the subscription costs $ 19 per month or $ 190 per year, and may be considered a high value by some users. You can, however, cancel at any time.
By doing the calculations, Nubank Rewards ends up having a very "expensive" points exchange. This is because the user gets one point for every $ 1 spent, but when it comes to "deleting" purchases, it is necessary to adapt to a relatively high conversion rate.
- For partner restaurants, lodging, or services: every 100 Rewards points "erase" $ 1 from invoice;
- For area tickets: every 80 Rewards points "erase" $ 1 from the invoice.
In Quick Accounts: To delete a purchase of $ 20 at a partner restaurant, you need 2,000 points or have spent at least $ 2,000 on the credit card.
Nubank Rewards Conversion Rate High Photo: Reproduction / Barbara Mannara
There are partner brands that multiply Rewards points, but the loyalty program ends up being more worthwhile for those who spend a lot on their monthly credit card bill. To compensate for the signature of R $ 19, it would take 1.9 thousand points. If your monthly card spend is too low, another external point plan may be more appropriate.
4. Unable to "delete" old purchases
The Nubank Rewards subscription is not retroactive, meaning you only begin to earn points from the moment you complete the membership. Not even the amounts spent on the current month invoice are summed. It is also not possible to use points to "delete" old purchases. If you want to sign, do it as soon as possible so as not to lose score. Remember that the credits are added on a daily basis, with purchases, and not with the full payment of the invoice.
5. No transfer of points between friends or other services
Nubank defends its loyalty system as "unique", so it does not allow you to transfer Rewards points to a friend, as is usually the case with competing credit card and area miles programs. It is also not possible to pass points from another card or loyalty program to Rewards. That is, all accumulated credit must be current Nubank credit card expenses. Purchases in debit are also not converted to points.
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