The SX card is a financial product from Banco Santander, very popular with Brazilians, as it is a card from a traditional financial institution. Through it, users are entitled to various benefits and discounts at various Esfera partners, in addition to having a virtual card to shop online.
Currently, Santander releases a credit limit starting at R$ 250. In short, the amount can be much lower than you expect, right? But do not worry. This is said, because through some practices, you can increase your limit constantly. So, with a higher credit limit, you are prepared for any emergency, or to make a more expensive purchase.
From this, it is essential to know how to get more credit limit. So, check below how you can further increase your purchasing power with Santander SX.
What does Santander consider when releasing a card or credit limit?
When requesting a Santander SX card, the bank considers the following factors to release, or not, the financial product:
- Personal income;
- Payment capacity;
- Income commitment;
- Account payment history.
Meanwhile, if you ask for a limit increase, the bank will conduct a study on your financial behavior. In the study, Santander evaluates:
- Customer relationship with the credit card;
- If the customer pays his invoices and bills on time;
- What are the movements of the bank account;
- What is the financial reputation of the client in the market.
All of these factors should influence the decision whether or not to release a card and/or credit limit. At the same time, it may be necessary to provide the bank with some documents that prove the information provided.
In general, for those who apply for a card, the credit limit is usually up to 30% of the applicant’s monthly income. However, in the case of a good relationship with the bank, the amount may increase.
How to increase the Santander SX limit in 2023?
Below, check out some practices that you should adhere to, to increase the chances of you receiving a credit limit increase.
1. Financial reputation in the market
If you have a negative CPF, or have any pending negotiations, it will be difficult for you to get a limit increase. If this is your case, the recommendation is to wait until you pay all outstanding installments and clear your name. After that, it is possible to order the higher limit.
2. Financial behavior
It’s no use using the card a little, and asking for a credit increase: it’s necessary to use the card regularly. Therefore, use at least 50% of your credit limit per month. Thus, the bank will understand that you are able to receive more limit.
3. Invoice payment
Remember to always keep your invoice payment up to date. Also, always pay the invoice in full. That way you show that you use your card correctly.
4. Financial Transactions
If your credit card is linked to your current account, the bank will analyze your financial situation. Therefore, avoid spending more than you earn, as this could compromise your credit application.
How to increase the Santander limit in the app?
In short, Santander allows you to ask for a credit increase. To do this, you need to download the app, available on Google Play and the App Store.
Below, see the step by step of the request:
- Download the Way app (android | iOS);
- Then tap on the option Available Limit;
- Afterwards, access the option Card Limit;
- Once this is done, choose the option Online Card;
- Finally, tap the bar and change your limit.
In general, after paying 4 invoices, it is possible to request a limit increase. And more: anyone who is a Santander customer and has a bank account can speed up the limit increase process. Are they:
- Make the payment of the invoice by direct debit;
- Make salary portability;
- Move the account well (transfers, bill payments, among others).
