The Wise Visa card is designed for the global citizen, offering unparalleled convenience and cost savings when traveling or making international payments. With the ability to pay in the local currency in 160 countries and choose from 40 different currencies, the Wise Visa card allows you to save with a low IOF rate of just 1.1%, wherever you go.
Planning your expenses in Reais while enjoying a low IOF rate means that the Wise card is, on average, seven times cheaper than traditional credit cards. This makes it an ideal choice for those looking to manage their money wisely and efficiently, whether traveling for business or leisure.
Key information about the credit card
How does the annual fee work?
One of the standout features of the Wise Visa card is that it does not have an annual fee. This is an important aspect for many users, as it eliminates the need to worry about recurring charges just for holding the card. The absence of an annual fee allows you to enjoy all the benefits of the Wise Visa card without any additional cost, making it a highly attractive option compared to other cards that may charge substantial yearly fees.
How is the credit limit determined?
The credit limit for traditional credit cards is typically determined by the issuing institution based on factors such as the applicant’s credit history, income, and overall financial health. For prepaid cards like the Wise Visa card, the process is much simpler and puts control in the hands of the user. With a prepaid card, the limit is determined by the amount the user decides to deposit into their account.
Advantages of the credit card
- Low IOF rate: Save with a 1.1% IOF rate on currency conversions, significantly lower than traditional credit cards.
- Wide currency selection: Access and use over 40 different currencies, ensuring you can always pay in the local currency.
- Global acceptance: Use your card in 160 countries, both online and in physical stores.
- Instant digital card: Create a digital card in seconds and start using it immediately.
Standout advantage
A standout feature of the Wise Visa card is its digital card capability. You can create a digital card in seconds and use it for online purchases or in physical stores across 160 countries. This immediate availability ensures that you can start managing your finances and enjoying the benefits of the Wise Visa card without any delay.
Disadvantages
- Prepaid requirement: You need to deposit funds in advance, which may not suit everyone.
- No credit building: As a prepaid card, it does not help in building your credit score.
- Limited rewards program: The card does not offer a comprehensive rewards program like some traditional credit cards.
A standout disadvantage
A notable drawback of the Wise Visa card is the requirement to preload funds before use. This can be inconvenient for users who prefer the flexibility of a credit card that offers a revolving credit limit without the need to pre-fund the account. For those who rely on credit to manage their cash flow, this feature might be seen as a significant limitation.
Who can apply for this card?
To apply for the Wise Visa card, applicants need to meet several specific criteria. First, they must be at least 18 years old. Unlike many other credit cards, there is no minimum income requirement to apply for the Wise Visa card, making it accessible to a wide range of people.
Additionally, even those with a negative credit score can apply for the card, as it is available to everyone regardless of their credit history. The application process is straightforward and does not require extensive documentation, further simplifying the acquisition of the card.
How to apply for the Wise Visa Card
For the website
To apply for the Wise Visa card through the website, you need to follow a detailed process that ensures the security and efficiency of your application. First, you must visit the official Wise website, which serves as the gateway to all the operations and services offered by the company.
Once you access the website, the next step is to create a Wise account. For this, you need to provide some basic personal information. During the account creation, you will be asked to provide details such as your full name, email address, date of birth, and more.
After creating your account, it is necessary to add funds to your Wise account. This step is essential as it demonstrates your commitment to using the services offered by Wise. With the funds added to your account, you can proceed to request the Wise Visa card. At this point, you will be asked to confirm your personal information again, ensuring that all details are correct and up-to-date.
In addition to confirming your details, you will need to set a secure PIN for your card. The PIN is a personal code that will be used to authorize transactions with the Wise Visa card. It is important to choose a PIN that is easy to remember but difficult for others to guess.
Through the app
Applying for the Wise Visa card via the mobile app is a quick and convenient process that can be completed in a few simple steps. To begin, you need to download the Wise App, which is available on both iOS and Android platforms.
Once the app is installed on your device, the next step is to either sign up for a new account or log in to your existing Wise account. If you are creating a new account, you will be required to provide some basic personal information, such as your name, email address, and date of birth. If you already have a Wise account, you can simply log in using your existing credentials.
After successfully signing up or logging in, you will need to add funds to your Wise account. With funds added to your account, you can proceed to request your Wise Visa card. To do this, navigate to the card section within the app. You will need to confirm your personal details once more to ensure that all information is accurate and up-to-date.
In addition to confirming your details, you will also need to set a secure PIN for your Wise Visa card. This PIN is a personal identification number that you will use to authorize transactions made with your card. It is important to choose a PIN that is easy for you to remember but difficult for others to guess.
