Digital banking provider Nubank (NYSE: NU) has recently announced the expansion of a range of benefits that provide certain financial advantages while also enhancing the Nubank+ customers’ experience.
Brazil‘s Nubank noted in a blog post that about one year after its launch, a range of new options have reportedly been incorporated into the benefits package, “including a new way to boost returns, exclusive rates on credit lines, and the elimination of the monthly fee for the toll and parking tag.”
As mentioned in the announcement from Latin America’s Nubank, these new features will be gradually be rolled out to customers.
As explained by Nubank, the new advantages add to a package that currently includes “instant cashback of 0.5% on credit card purchases, free access to streaming service Max’s basic plan, unlimited free withdrawals, and access to the Payment Assistant.”
Created to offer various advantages to customers who aim to consolidate their finances with the financial institution, Nubank+ now also reportedly offers the following features:
- Caixinha Turbo: A new option to save money with returns of 120% of the CDI, limited to R$10,000 and with immediate liquidity.
- Credit: Special offers on the early rate of the FGTS birthday withdrawal.
- NuTag: For use in tolls and parking, without monthly or recharge fees, managed directly through the app, and with expenses charged directly to the credit card bill.
- New criteria for monthly fee exemption: Spending R$3,500 on the credit card or having more than R$30,000 invested or saved with Nubank exempts the client from the monthly fee. If these criteria are not met, the fee is R$29 per month.
As clarified in the update from the digital bank, to be eligible for Nubank+, clients would need to be at least 18 years old and also have a Nubank credit card, except for the “Build Limit” version.
