Tuesday, February 27, 2024

How to get a $300 credit card?

The Bank of Venezuela offers its users the possibility to request credit cards, with the option of accessing an amount above $300, equivalent to approximately 14,000 bolivars according to the exchange rate of the Central Bank of Venezuela ( BCV).

Steps to apply for a credit card

  1. Have an active checking or savings account with Banco de Venezuela that has been in existence for at least three months.
  2. Have six months of current employment and one year of verifiable employment continuity. For foreigners, at least one year of residence in the country is required.
  3. Go to a Banco de Venezuela agency with a credit card application, photocopy of identity card and RIF, proof of work, income certification signed by a certified public accountant.
  4. Present the last three account and credit card statements from other banking entities.
  5. Issue a retirement certificate when you are retired.
  6. For business owners: Photocopy of founding document, last minutes of shareholders’ meeting and current RIF.
  7. In the case of independent workers, a professional title or card from the union to which they belong is requested, as well as the rental contract.

Venezuelan bank credit card amounts

Banco de Venezuela credit card limits start from 2,000 bolivars or $55, depending on the official exchange rate. Recent increases vary between 4,800 and 14,000 bolivars, or $385 for customers with gold or platinum cards.

How to increase the credit card limit?

  1. Have an active account with the Bank of Venezuela, either checking or savings, that is at least three months old.
  2. There is a monthly income based on the current minimum wage.
  3. Must be at least 18 years of age for holders, additional or additional members.
  4. There is a minimum seniority in the job or work activity of six months with one year of demonstrated work continuity.
  5. Be a resident of the country for at least one year (for foreigners).

After meeting these requirements, the Banco de Venezuela will conduct a financial and payment capacity evaluation to approve or deny the request to increase the credit card limit.

World Nation News Desk
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