See how to make Pix payments with your credit card, but the function is not available for all banks. In this case, the amount must be within your limit, has interest and is charged on the invoice.

The banks that offer Pix with credit cards are Nubank, PicPay and Santander.

How does Pix work on credit?

In short, you transfer money instantly without it leaving your pocket. So, you can make a Pix without needing to have the balance in your account.

This way, you can pay people and companies, while you gain time to pay the bank and you can still pay in installments.

But be aware of the limitations. To make a Pix payment, you need to have a limit on your credit card and this amount is charged on your bill.

SEE TOO

Super Bowl 2023 with Halftime Show and Eagles vs. Chiefs

Free blood pressure measurement app for mobile

Google will launch its own 'ChatGPT'

Some banks do not allow transfers between the same holders. So you cannot make a Pix transfer to yourself at another bank.

Finally, you cannot forget about the interest charge, so you should check with the bank the amount charged.

When to use Pix on credit

The number of transactions with PIX is allowed as long as there is a credit limit.

The consumer must be careful that this facility does not turn into a financial snowball.

Planejar (Brazilian Financial Planning Association) expert Carlos Castro said that using PIX on credit is only worthwhile when the sum of the installments, interest and fees is less than or equal to the price you would pay for another type of payment, such as debit, for example.

So, even PIX made on credit, is a payment made with cash. Which provides relief in the monthly budget and another option for Brazilians to pay their bills.

All these tips were discussed by Carlos Castro, a Planejar specialist, in an interview with the Nubank Blog.

Check out other tips suggested by the expert:

• Always evaluate whether it is, in fact, the best form of payment;
• Always check interest and fees, do the math and see if it's worth it;
• Check your credit card statement, never go over your limit;
• Don't do math in your head, you might forget something;
• Have spending goals.

Pix on credit and the banks that allow the transaction

It's the same transaction as paying for a purchase with credit instead of debit.

Currently, the banks that allow Pix with credit cards are Nubank, PicPay, Santander, Banco BV, Digio and Recarga Pay.

Each bank has its own terms of use, conditions, fees and limits for using this type of Pix.