PIX or credit card

since pix In allowing accounts to be paid in installments, Brazilians are wondering what is the best option. Use PIX in installments or a traditional credit card. If this is also your question, learn how to evaluate which one is more beneficial in each situation.

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First of all, the customer needs to check the fees charged for each service. This is the first point to determine which option is worth the most.

PIX installments or credit card?

According to the Central Bank, PIX currently has more than 408.6 million active keys in Brazil. In a short time of service, it has already acquired many Brazilians for the facilities offered in transactions.

PIX Installment is now available on Mercado Pago, PicPay and Santander. Other institutions are already programmed to accept the service, which according to the Central Bank should be launched at 100% in the second half of this year. So, by using the tool, customers can make purchases in a simple way. The same is the case with credit cards. The issue is the service fee.

For example, Banco Santander has an IOF and an interest rate of 2.09% per month. In the case of PicPay, the installments are up to 12 times, at 2.5% interest per month and IOF. That is, you can already see that the premium can be feasible via PIX. But it can be expensive in the end.

So, for now at least, in most cases Credit card The most advantageous option remains to pay in installments. Since there is no fee charged to customers. But, as mentioned earlier, the central bank is still studying PIX in installments. More perks may be announced soon.