Banco BMG is a financial institution with a long history in the Brazilian market, having acquired numerous clients and become well-known in certain regions of the country. Today, however, we will specifically discuss... BMG Consigned Card Or, as it's commonly called, the BMG payroll-deducted benefit credit card, in fact. We'll also see a comparison between it and another highly advantageous product on the financial market and, finally, how to apply for it. Intrigued? Then check it out and follow along below.

Cartão consignado BMG: conheça e contrate as melhores taxas do mercado!
BMG Payroll Deduction Credit Card Source: Banco BMG

Learn more about the offering institution, Banco BMG.

The history of the aforementioned bank in Brazil is already considerably long, having emerged in the market in the mid-1930s, headquartered in the capital of Minas Gerais: Belo Horizonte. Its operations have always been related to offering payroll loans to individuals and also financing vehicles. In fact, it was a pioneer in payroll loans in Brazil and subsequently diversified its products. This diversification included credit cards, digital accounts, investment options, insurance, loans, and, among these, its advantageous... BMG Consigned CardOver time, its services have evolved, expanding into the digital sector, always with focus and responsibility, contributing to the sustainable development of the country and continuing as an important traditional institution. Overall, this has been the solid and versatile history of Banco BMG, upon which our central theme rests.

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Everything you need to know about the BMG Payroll Loan Card

THE BMG Consigned CardAs the name itself suggests, this is an exclusive product of the bank for retirees, pensioners, and public servants from the states of Minas Gerais and São Paulo.

To discuss it, we need to mention some of its main advantages that define it as an attractive product within the financial market. Let's see:

  • He doesn't charge an annual fee;
  • The bill is already deducted from your paycheck (which may be a benefit due to convenience for some, but not for others);
  • The limit is up to 1.45 times the user's salary or benefit;
  • You can withdraw up to 70% from your limit;
  • It also offers some free insurance such as life insurance, and funeral assistance and benefits for INSS and SIAPE clients;
  • By using it, you are entitled to discounts at São Paulo and Pacheco pharmacies;
  • You can make domestic and international purchases thanks to your Mastercard affiliation;
  • You can top up your number, regardless of your operator, through it;
  • There are no withdrawal fees;
  • You have up to 40 days to pay your bill.

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Comparing the BMG Payroll Deduction Card with the Mercado Pago Credit Card 

Mercado Pago, in addition to being a very famous payment platform and part of the large and well-known Mercado Libre, also offers financial products and services both affiliated and independent of the company. Therefore, today we have chosen their credit card product to compare with... BMG Consigned CardLet's see:

  • First of all, BMG Consigned Card It is exclusive to the audience we mentioned earlier, while the Mercado Pago credit card It is for any individual;
  • Neither of them charges an annual fee;
  • Unlike other credit cards, the Mercado Pago credit card has a limit determined according to the customer's profile; it's not a fixed amount.
  • While the product offered by Banco BMG provides 70% available for withdrawal from your limit, Mercado Pago's product only allows withdrawals subject to certain fees and defined limits;
  • Unlike the BMG product, Mercado Pago's product does not deduct the bill from your payroll/salary/benefits;
  • Only the BMG Consigned Card Includes free insurance.

Besides these, there are many other differences between the two, but so far you can already have a good basis for comparison and for determining which product might be ideal for you. 

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Finally, see how to apply.

To conclude our presentation, we can state upfront that the product BMG Consigned Card It is different with regard to your request. This is because when accessing the official bank websiteClick on the “For you” option, then “credit cards,” and finally, specifically, you will see the button to request via WhatsApp, a feature not found in most other institutions. Furthermore, below this button is the simulation button, where you can check the most important information about your specific product. 

Request your BMG Payroll Loan Card

You will be redirected to the official website.

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