PicPay is an application that works as an electronic wallet to transfer amounts and make payments in accredited stores. The app was founded in 2012, and has a platform very similar to Nubank, although it is not a digital bank.
In addition to an application, PicPay has a credit card. The same can be used to make payments, or even feed the wallet with transfers from your checking account. In addition, you can pay your purchases in up to 12 installments with interest.
Faced with this ease, it is normal for customers to want to know how to further increase the limit of their credit card. Keeping an eye on that, we’ll show you below, tips on how you can get more limit.
How to increase PicPay limit in 2023?
In short, PicPay has its own option in the application, where it is possible to request a limit increase. However, for this method to work, you need to be careful with some attitudes.
Below, check out some tips:
1. Put money in the PicPay digital account
If you want to raise your score with PicPay, and have more chances of winning an increase in the limit, a good tip is to leave your economic reserve in the company’s digital account. In it, your money yields 102% of the CDI, above the savings.
Your reservation has daily liquidity, making it possible to withdraw at any time. In addition, PicPay has a variety of investments, which even yield more. This is another way to increase your score with the company.
2. Use your credit card limit
Need more limit? Show this to PicPay. If you do not use the entire limit, the company may consider that the amount is enough for you. Therefore, use as much of your limit as possible.
However, remember: only use what you can afford. In other words, don’t spend more than you can afford.
3. Pay your invoice on time
Paying your bills on time is important to have a better chance of a limit increase. If you do not pay or delay the payment of the invoice, your PicPay score will decrease, and thus, the chance of getting an increase is very difficult.
This happens because the company will understand that you are having financial difficulties to pay your debts. And that will put you in the position of risk customer.
4. Use the QR Code to make payments
When making the payment by QR Code with your PicPay Card, you receive 5% cashback. Also, it increases your chance of getting a limit increase, as you will be using your card more.
To pay via QR Code with PicPay Card, ask the store if it works with the brand. If so, request the QR Code to make the payment, which can be made available via QR Code at the card machine, or on a sticker. Then scan the code and complete the purchase in the brand’s app. It is worth mentioning here, if you make the purchase with PicPay Card, you will receive 5% cashback on this purchase.
5. Use the PicPay app’s other features
Finally, the best way to increase your score with PicPay is to strengthen your relationship with the company through daily consumption. For example: through PicPay, you can send and receive money, recharge your cell phone, buy credits to spend on Uber, Netflix, Spotify, and iFood.
How can I ask for an increase in my PicPay Card limit?
Now you know which attitudes contribute to increasing your credit card limit, we’ll show you how to ask for a credit increase, directly via the app.
Below, see how to adjust or request an increase in the limit of your PicPay card:
- Access the PicPay application;
- Then tap Portfolio;
- Afterwards, access your PicPay Card;
- Once that’s done, tap adjust limit;
- Then go to Request limit increase;
- Enter the amount you want and the reason for this order;
- Finally, tap Request limit increase.
From that request, PicPay will assess your situation. And the return will be given later. And here it is important to say: you can only ask for the limit increase via the app, according to the step by step above. That is, it is not possible to carry out the operation via chat or telephone.
Credit analysis and profile
The credit limit is defined based on several profile analyzes + history of use in PicPay. Periodically, the company checks all this information to make a projection of expenses, and thus define the ideal limit for you.
That’s why it’s important to use the app’s products and the PicPay card: the more you use it consciously, the more information the company has about you. Soon, she can better understand her behavior, and so, she can adjust her limit.
And if it is possible to increase the limit of your PicPay Card, the company will send, by email and via notification in the application, the notice with the information.
Why didn’t PicPay accept my credit increase request?
There are some reasons why the company may not increase your credit limit. Below, see the reason, according to the message that appeared for you:
- “Too bad! We can’t increase your limit right now”: Check if you don’t have any overdue invoices. If it’s ok, it means that PicPay needs more time to understand your consumption pattern, and how you use the card;
- “You recently asked for a limit increase”: This message means you requested a limit increase less than 7 days ago. Therefore, continue using your card and keep payments up to date before requesting a new analysis;
- “We noticed that you haven’t used your card yet”: If you receive this message, it means it’s time to use your PicPay Card! That being said, PicPay needs to understand your card usage profile to be able to release a higher credit limit;
- “We already increased your limit recently”: This message means PicPay needs more time to understand how you use your limit. Therefore, continue using your PicPay Card and keep your payments up to date.
