Digital Credit Card

Overview of the fuap digital card offering and a summary sheet of the terms.

The guide will cover information over the "Recharge" card and the rates, fees, and expenses of the Recharge credit card. Additionally, we have included a column with definitions and another where we explain when these charges will be applied (or not).

Recharge card

Annual Effective Rate (AER) This is the compensatory interest you incur when you buy something in installments. It is shown on an annual basis. 80.00% Applies only to installment financing.

Annual Effective Cost Rate (AECR) This is an annual rate that represents the total cost of the debt. In addition to interest, it includes fees, insurance, and all administrative expenses. In our case, it includes the AER, transaction fees, and VAT. 99.49% Applies only to installment financing.

Penalty Rate This is an annual interest rate charged when you are late in paying your debt. It is calculated on the overdue debt and is added daily from the due date. This rate is in addition to the AECR. 12.51% Applies only if you are late on payments. Charged daily.

VAT (Value Added Tax) It is calculated on the interest generated by the compensatory rate and the transaction fee. It will be itemized on your statement and in the app. 18.00% Applies only if you are late on payments. Charged daily.

Reload Fee This is a charge we apply to cover additional services. In this case, it is a fee for using third-party services to reload your card. $1 for reloads less than $249.99 and $2.99 for reloads equal to or greater than $250. This cost will be charged each time you reload your card

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If you have any questions, you can read our docs, request a form with frequently asked questions and the complete Terms and Conditions of the product. We wrote them with great care and as clearly as possible. We want you to be aware and informed