Itaú confirms the change in the policy for the use of credit cards in payment applications

In a statement to sHey Itau Confirm that bank cards can now no longer be used for risky money transfer transactions in payment applications that use the limit. Boleto payments through these platforms are also not available.

Understanding change

At the end of last year, Itaú announced that the bank’s credit cards would no longer earn points for transactions made in payment apps. Since then, many users have reported difficulties using Itaú Cards through apps, With their transactions being declined across multiple platforms.

Itau site

In the face of difficulties – and I myself have not been able to use my card several times – the s Contact the press office of Itash, who emailed us the following statement:

In order to encourage the proper use of its credit cards, Itaú Unibanco has updated its credit policies for transactions deemed to have higher risk – including transfers of funds using the card limit and payment of bank slips and taxes, as well as payments using the card limit for Pix.

With the change, transactions of the type made with Itaú Cards may be declined – depending on the customer’s credit profile. The measure is intended to avoid the scenario of default and over-indebtedness stimulated by this type of transaction, which, in addition to using a credit limit for risky transactions, generally imposes additional fees from the cardholder.

In this way, Itaú Unibanco reinforces its commitment to transparency and support its clients in the informed use of their financial resources.”

Are you used to using an Itaú credit card for transactions in payment applications? To learn more about itach credit cards, visit Bank website.

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