At Iban Wallet, we understand that the way new generations perceive money has changed significantly. Years ago, people saw a credit card as a "sentence" to debt. However, thanks to the growth of Financial Education, many myths about this beneficial payment method have been debunked. Are you finding it difficult to get a credit card and want to avoid going to banks? Today, we'll talk about fintech credit cards and their advantages, thanks to the innovation and technology of neobanks.
These cards are perfect if you're just starting to get familiar with credit and want to build your credit history. The process is simple (through digital platforms), with few requirements and attractive features like cashback or savings accounts to maximize your money usage. Financial reality lies in fintech; it's no coincidence that Nu Bank has over 100 million customers in Mexico, Colombia, and Brazil.
One of the main issues when applying for a credit card used to be the relationship with the bank. Nowadays, these institutions are stricter about what they offer their customers. This situation has discouraged people from diversifying their payment methods to avoid cumbersome procedures and poor treatment. Did you know there's a solution? They're called fintech cards, and at Iban Wallet, we'll tell you about their benefits.
Fintech credit cards are issued by neobanks, offering financial services through new technologies and with fewer hurdles. You can apply for one in a matter of minutes. Additionally, customer service is also handled through these digital platforms, such as banking apps. Want to learn more about their advantages? We'll tell you.
Security: Many fintech credit cards claim to be clone-proof. With new technologies, committing these crimes is easier, but so is protecting against them. These new banking institutions know this, offering better security measures to prevent cloning through contactless cards, latest-generation chips, PIN signatures, and biometric data.
Rewards System: Competition with traditional banks has pushed fintech groups to enhance their promotions and benefits for customers. Systems like cashback, savings accounts for earning returns on your money, or interest-free months are some rewards you could find without much hassle.
Customer Service: How many of us have dealt with frustrating bank executives at traditional banks? We know the dread of going to a bank knowing there may be no solution or that it'll waste a lot of time. Fintechs have recognized this issue and offer much more effective customer service (through official apps or direct chats). What does this achieve? Improving the user experience.
These are just some of the advantages of having a fintech credit card. Don't forget to subscribe to our financial blog for more tips related to financial education.
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