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Nubank or Neon: compare digital card functions, annuity and rates | Productivity

Nubank and Neon are digital banks with applications for Android and iPhone (iOS). This type of service has been consolidating itself in the sector by bringing competitive differentials compared to traditional banks. As they are online businesses, they have lower operating costs which often make it possible for credit cards without annuity and other fee exemptions. Most operations among account holders of digital banks are done by applications on the smartphone. There are already so many options in this style available, so dnetc separated the main features from two of them in this comparison. Decide which one is best for you: Nubank or Neon.

C6 Bank good? Check out the bank's credit card, app and rates

Nubank's Rival Neon also does not charge annuity for credit card Photo: Disclosure: NeonNubank's Rival Neon also does not charge annuity for credit card Photo: Disclosure: Neon

Nubank's Rival Neon also does not charge annuity for credit card Photo: Disclosure: Neon

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How do services work?

Nubank operates on a fully digital platform through a mobile app. Known as purple, the bank hit the market with the goal of competing with traditional financial institutions. In addition to owning the credit card system, the company expanded its digital account services, NuConta.

The differential of the company's credit card service is exemption from the annuity fee, as well as offering discounts on invoices for prepayment of installment purchases. The digital account also has advantages: the service makes transfers to different banks at no cost and also makes payments. The Mastercard card banner.

Neon also uses the digital system to do its operations. Like its rival, the bank has credit and debit options, no annuity and offers bank transfer services. The institution also offers its users a virtual credit card, exclusively for online purchases. The Visa company flag.

Neon and Nubank bring solutions that promise to avoid bureaucracies offered by traditional banks. You can open a NuAccount via the website, the application, or the link sent on a friend's referral. Already to get a Nubank credit card, in addition to signing up, the customer goes through a credit review before being approved. To become a Neon customer, you must also register through the site or application.

Nubank offers free annuity credit card at NuConta Photo: Dvulgao / NubankNubank offers free annuity credit card at NuConta Photo: Dvulgao / Nubank

Nubank offers free annuity credit card at NuConta Photo: Dvulgao / Nubank

Most services performed by Nubank are free of cost. NuConta does not charge maintenance fees and offers transfers without fees. However, to make withdrawals in Banco24Horas network, discounted the amount of R $ 6.50 for any amount withdrawn. Nubank billed installment interest ranges from 0.99% to 13.75% per month. Revolving credit ranges from 2.75% to 14% per month. In case of delay, interest + late payment of 1% per month and a fine of 2% are charged. For personal loans, the interest is from 0.95% per month.

Like almost all fintechNeon does not charge a lot of fees for using its services. Although there is no monthly fee and annuity, a fee of $ 3.50 is charged per transfer to other banks from the second such transaction. The customer can still make a withdrawal per month in Banco24Horas, but the other withdrawals are for $ 6.90 each. The revolving credit interest rate of 9.9% per month. The late penalty of 2% plus 1% per month of interest on top of the amount in arrears.

Nubank offers investment services, withdrawal, payment slips, unlimited transfers to other banks, Nubank card bill payment and instantly released limit. Remember that every international Nubank card.

Neon's functions are similar to those of the rival. The customer may make transfers between Neon accounts and to other banks, although fees may apply for external transactions. It is also possible to make payments and investments by the application.

Neon app offers its customers several functions Photo: Divulgação / NeonNeon app offers its customers several functions Photo: Divulgação / Neon

Neon app offers its customers several functions Photo: Divulgação / Neon

With the Nubank app, you can manage your entire account and card. The app interface allows integration with the company's other products: NuConta and the Rewards loyalty program. The application home screen shows the invoice amount and credit card limit, as well as the available bounce on the account. A menu at the bottom shows shortcuts for paying the invoice, depositing and transferring money.

The Neon app also has a simple interface, with an intuitive main menu that shows balance, credit, investments, referrals, cards and transfers options. At the top of the screen, the "My Account" option shows information such as agency and account number.

Nubank app also offers services as a personal loan Photo: Disclosure / NubankNubank app also offers services as a personal loan Photo: Disclosure / Nubank

Nubank app also offers services as a personal loan Photo: Disclosure / Nubank

The Nubank customer has access to their own benefit program called Rewards. To use the service, you need to pay $ 19 per month or $ 190 in the annual plan. Each $ 1 spent on the credit card is equal to one accumulated point, and the subscriber can use in registered stores. There are options of various categories, such as appliances and sports equipment.

Having a Visa flag, Neon participates in the Vai de Visa program. To integrate the program, you need to register the card and pay a fee of $ 5 to take advantage of the advantages, which includes discounts on trips to daily prizes.

Fees and Annuity

Nubank Neon
Annuity Free Free
Transfer Fee Free R $ 3.50
Withdrawal Fee $ 6.50 R $ 6.90
Delay Fine 2% 2%
Revolving Credit Interest 2.75% to 14% per month 9.9% per month

How to put credit on mobile with free app

How to put credit on mobile with free app