Thousands of Brazilians who decide to start a business do not know the advantages of a credit card for MEI. Therefore, many people end up using their personal card when making an important purchase for their business. But mixing personal accounts with company accounts can be a risk and this is one of the biggest mistakes made by many entrepreneurs.

However, nowadays, there are several digital solutions for companies that, in addition to offering a complete account, also allow you to request a credit card. After all, when a business is starting out, credit is essential for investing and achieving new steps. Knowing this, several fintechs have specialized in serving the MEI, such as Cora.

It is estimated that in Brazil there are around 11 million MEI records. Given this scenario, business opportunities arose for fintechs that are already successful among individuals. But many people don't know what options are on the market, so this article will help answer some questions about the subject. In addition to showing the Cora bank, a solution for PJ.

Advantages of being an Individual Micro Entrepreneur

But before presenting Cora bank and what solutions it offers for MEIs, it is essential to list the advantages of registration. Firstly, the brand leaves the informal sector, so it can hire an employee under the CLT regime to help with the company's demands. In addition, whoever decides to become a MEI also enjoys several other social benefits from the government.

One of the most important benefits that people can obtain by registering MEI is retirement due to old age or disability. In this way, the entrepreneur also guarantees his future. Another advantage of becoming a MEI is the possibility of receiving aid, such as sickness benefit. In addition, the entrepreneur's family also has more security since registration also entitles them to incarceration assistance and a death pension.

Nowadays, women represent around 48% of the number of entrepreneurs in Brazil. This means that it is essential to provide security for these women who help so much to drive the country's economy. Therefore, women who register with MEI also have the right to maternity salary benefits. Last but not least when it comes to paying taxes, the MEI also has advantages over larger companies.

Who can be a Individual Micro Entrepreneur

• Companies that earn up to 81 thousand reais per year;
• People who carry out economic activity authorized by MEI
• Business with at most one employee
• People who DO NOT have partnerships in other companies.

Credit card for MEI – Getting to know Banco Cora

Given the large number of MEIs in the country, many brands have developed business models focusing on these people. Today there are many digital banks, but not all of them already have corporate solutions for MEI. Therefore, Banco Cora deserves to be highlighted in this article, the platform today serves thousands of people who have decided to undertake and own their own business. Firstly the brand is 100% digital, which is a trend. This provides more convenience and practicality for users.

In addition, Cora bank offers a credit card for MEI with several advantages, such as exemption from fees and free annual fees. Furthermore, anyone who registers on the platform has a complete digital account for any type of CNJP. This way, the person can pay bills through transfers, PIX, in addition to generating invoices.

Creating an account for the company is essential for new entrepreneurs, as it avoids mixing it up with personal finances. The app is super simple and intuitive, which allows anyone to use it without too many difficulties. Furthermore, Banco Cora is safe and protects user data. In the digital account it is possible to monitor all receipts and have greater control over the inflows and outflows of values.

Credit card for MEI – How to request a card

In addition to all the advantages that the bank offers for companies, the brand also offers a credit card for MEI. But it is worth mentioning that before releasing credit, MEI undergoes a credit analysis. This procedure is common in any bank, and helps make the process safer.

MEI can request your credit card via the bank's website Cora, or through the app by clicking on the “request card” option. It is important to say that the user must provide the data correctly at the time of registration before requesting their card. Those who are approved do not need to worry about annual fees, in addition, they have a free 100% international corporate card.

Cora bank's MEI credit card leaves the user in total control, as it allows the person to request a card for each sector of the company. This makes it simpler and easier to track expenses. It is also worth mentioning that the bank establishes the credit limit according to the company's transactions.

Final considerations

To find out more about cards, visit the “credit”. A curious fact about the MEI in Brazil is that in 2021 there was a record number of registrations and one of the factors for this increase was undoubtedly the pandemic. Thousands of people decided to sell products and services to get through this moment and to this day continue to grow their business.