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Say good? See How It Works and Digital Credit Card Annuity | Productivity

Digio is a digital bank that offers a credit card with no annual fees. With free application available for Android and iPhone (iOS), the institution has the proposal to make the user's life easier and avoid bureaucracies. To have the Digio credit card, there is no need to open a bank account. All spending control can be done through the app on the smartphone. Thanks Visa card, the card accepted in most establishments, with the advantage of being international.

In the app, which can be downloaded from the dnetc Downloads page, you can control your finances, request card lock and unlock, advance or split payment of invoices, change due date or limits and much more. A chat is available 24 hours a day to resolve credit card issues. O dnetc prepared a list of questions and answers about how Nubank's rival worked.

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Digio offers all-digital, non-annual credit card Photo: Rubens Achilles / dnetcDigio offers all-digital, non-annual credit card Photo: Rubens Achilles / dnetc

Digio offers all-digital, non-annual credit card Photo: Rubens Achilles / dnetc

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1. What and how does it work?

Digio is an all-digital bank that aims to offer users facilities by avoiding queues at physical agencies. The main attractions of the company's credit card are the exemption from the traditional annuity and the absence of revolving interest charges. Like the 100% digital service, any questions or problems the user has should be resolved directly by the app.

Nubank's rival offers other advantages to users, such as the so-called digioCash, which allows you to transfer part of the card limit directly to your checking account or savings. The amount you choose enters your account within one business day and can be paid up to 12 fixed times. Another benefit is digioStore, which is an exclusive channel for Digio card customers. With it, the user can buy various services and credits from companies like Uber, Google Play and Microsoft.

To apply for the Digio credit card, simply access the bank app for Android or iPhone (iOS) Photo: Playback / Sara FariaTo apply for the Digio credit card, simply access the bank app for Android or iPhone (iOS) Photo: Playback / Sara Faria

To apply for the Digio credit card, simply access the bank app for Android or iPhone (iOS) Photo: Playback / Sara Faria

2. How to apply for a card?

To apply for your Digio credit card, simply download the institution's application, fill out a form with your details, submit a photo, scanned documents and await credit analysis. The registration analysis is divided into two steps: as soon as the user submits the data, Digio returns it by email within 15 calendar days. If approved, a token be made available to continue the registration. After activation, the final response should arrive within five business days.

To open a Digio account, fill in your details and receive a return by email Photo: Reproduction / Sara FariaTo open a Digio account, fill in your details and receive a return by email Photo: Reproduction / Sara Faria

To open a Digio account, fill in your details and receive a return by email Photo: Reproduction / Sara Faria

3. What is the difference between Digio, Nubank and other digital banks?

The main difference between the Digio card and those of other digital banks, such as Nubank, Neon and Inter Bank, is the option of up to 12 installments in order to facilitate the financial control of users at the interest rate charged by 8%. 9% per month. In addition, Digio is the only one among the three not to offer a bank account. With Nubank, for example, the user can deposit money with NuConta, which has a higher auto yield than savings.

Regarding charges, Digio, Neon and Nubank do not charge annuities on their cards, but differ in revolving interest in case of late payment of the invoice:

  • Digio: 2% fine on the outstanding balance + IOF;
  • Nubank: fine of 2% on the outstanding + revolving balance (2.75% to 14% per month) + IOF;
  • Neon: 2% fine on the outstanding + revolving balance (9.9% per month) + IOF;
  • Inter Bank: fine of 2% on the outstanding + revolving balance (7.7% per month) + IOF.

O dnetc has a list of some digital banks available in Brazil.

Digio offers installment payment up to 12 times Photo: Reproduction / Sara FariaDigio offers installment payment up to 12 times Photo: Reproduction / Sara Faria

Digio offers installment payment up to 12 times Photo: Reproduction / Sara Faria

4. How does Digio make money?

Like Nubank and other rivals, Digio does not charge annuities from its users. Even so, the company can make money. When the user makes a purchase with the card, Digio receives from the establishment a small percentage of this amount and, when the customer finances or installments the invoice amount, the institution receives the amount related to interest.

5. What are the main resources available?

Digio offers hands-on features for customers, such as mobile recharge, up to 12x invoice installment, transfer of part of the card limit to a checking account or savings (digioCash), tracking your expenses, invoice due reminder , among others. The institution also has a referral program of friends with each approval, the user can earn $ 15.

Digio offers a reward of $ 15 to each referred friend who signs up and makes a purchase with the card Photo: Reproduction / Sara FariaDigio offers a reward of $ 15 to each referred friend who signs up and makes a purchase with the card Photo: Reproduction / Sara Faria

Digio offers a reward of $ 15 to each referred friend who signs up and makes a purchase with the card Photo: Reproduction / Sara Faria

* Collaborated Rubens Achilles

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