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  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote

Nubank lets customers finance Bre-B transfers with their Nu credit card limit

FinanceColombiaRED+ Noticias40 s readAI summary
Image: RED+ Noticias

Nubank, the neobank founded by Colombian David Vélez, announced that customers with a Nu credit card can finance Bre-B transfers using that product's available limit and pay in installments. The option is available in the Nu app, where users choose between their debit account or credit card, and can split payments into 1 to 36 installments regardless of the amount. The company explains that the operation works as a cash advance and that the transferred amount accrues interest, plus a financing fee.

In 40 seconds

  • Nubank enables use of the Nu credit card limit to make Bre-B transfers from the app.
  • Users can split payment into 1 to 36 installments regardless of the transfer amount.
  • Nubank says the operation is a cash advance: the amount accrues interest and a financing fee.
Read the full story at RED+ Noticias

IASummary generated by artificial intelligence from a story by RED+ Noticias. It may contain errors: the original source prevails.

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