Santander Brazil introduces credit card tailored for small business owners.
The British multinational bank, Santander, has announced the launch of the Santander MEI card, a financial tool tailored to the needs of individual microentrepreneurs (MEI) in Brazil. The card is now available to all Santander customers and can be obtained by opening a corporate current account, either online or at a bank branch.
The Santander MEI card is designed to support microentrepreneurs by offering simplified account and credit management, access to credit with conditions suited for small microbusinesses, and digital banking services to facilitate transactions, payments, and financial control. Additionally, cardholders can enjoy benefits such as discounts, cashback, or partnerships with service providers relevant to small entrepreneurs.
The card also offers a grace period of three months for the package of services and access to Getnet card machines. No card fee is charged to holders who spend at least R$100 per month. The card limit can be managed via the bank's app and reassessed based on the customer's relationship with the bank and timely repayments.
The MEI segment is crucial for banks like Santander, as it covers a large base of microbusinesses. Santander aims to serve this group effectively by promoting digital platforms combined with personal account management. The Santander MEI card offers better conditions for individual microentrepreneurs compared to the market.
The card allows holders to obtain cashback of up to 10% and enjoy other promotions on more than 40 partner stores through the Esfera website. The first partnerships were chosen from segments in which microentrepreneurs are most active in Brazil, including beauty salons, accessory or clothes shops, home improvement services, bars, cafeterias, and restaurants.
Notable partnerships include major wholesalers like Sam's Club, Sumirê, and Via Varejo, offering discounts on purchases made with the card. The Santander MEI card is also part of Santander's portfolio of business cards, previously targeted towards companies with a bigger turnover.
Customers have 40 days to pay off any purchases made with the card. The new product, Santander MEI card, is designed to help customers organise their finances, separating business expenses from personal budget. The card is targeted towards microentrepreneurs in Brazil, responding to their demand for an alternative to manage business expenses such as buying stock, food payments, and transport costs.
For precise and current details on the Santander MEI card’s features and benefits, it is best to refer directly to Santander Brazil’s official website or contact their customer service, as this article does not provide specific documentation on this product.
The Santander MEI card is a financial tool for microentrepreneurs, offering simplified account management, access to business credit, and digital banking services to help manage transactions. It also provides benefits such as cashback, discounts, and partnerships with relevant service providers.
The card is designed to help customers organize their finances, separating business expenses from personal budget, and is part of Santander's portfolio of business cards, previously targeting companies with a bigger turnover.
