Nu : Limite Garantido feature now available to business customers

São Paulo, May 7, 2024 - Starting today, Nubank's business customers (PJ, in the acronym in Portuguese) will be able to use the new Nu Limite Garantido function, a tool that allows for an increase in the credit card limit by using investments in RDBs - with a yield of 100% of the CDI - made in a Nubank PJ Money Box (Caixinha) as collateral. The amount invested is immediately converted into the available limit on the entrepreneur's credit card without additional credit analysis.

The functionality, already available for personal accounts since April last year, is now offered to most SME credit card clients. The expansion was planned to assist entrepreneurs looking to expand their credit limit while investing and planning the future of their businesses.

"We understand that access to credit is one of the main concerns for entrepreneurs, and the Nu Limite Garantido was another feature developed to address this issue. With this new functionality, entrepreneurs can expand their credit limit while their funds continue to yield without the incidence of interest. This offers a flexible and convenient solution for them to prepare for large purchases or emergencies in their businesses while also focusing on investments for expansion or improvement of their businesses," explains Maximiliano Rodrigues, leader of Nubank's PJ area.

To activate the feature, customers simply need to access the Limit Adjustments option in the Nubank PJ app within the credit card area and select the Nu Limite Garantido button. After a few clicks, the user can create a new Money Box to increase the limit and deposit the desired amount. The amount will be automatically applied to the digital account balance and will start to yield daily.

New Nubank Business Solutions

After reaching four million PJ customers last month, Nubank became the financial institution with the largest number of business accounts opened in Brazil. In addition to the Nu Limite Garantido, Nubank recently introduced other features. Among them, the launch of Working Capital stands out. It provides entrepreneurs access to a line of credit designed to meet companies' daily cash flow needs and other commercial demands, following the transparent, flexible, and no-hidden fees policy that characterizes Nubank. Nubank also introduced an innovative new feature in the country: transferring credit limits from personal to business. Now, it is possible to transfer up to 99% of the available limit from the personal card to the PJ card whenever necessary. This functionality provides more efficient and organized financial management for SME customers.

In addition the Money Boxes (Caixinhas), available since the end of last year, are the first investment option for Nubank's PJ account. The feature was developed as a tool for organization and financial planning, allowing the customer to save money in a straightforward, customizable way, with returns - the fixed income asset in which the money can be invested is Nubank's RDB (Certificate of Bank Deposit), with a yield of 100% of the CDI.