Are 'No-IOF' Brazilian Credit Cards Worth It? The Math Nubank Ultravioleta, BTG and Sicredi Won't Show You

In May 2026, 'zero IOF' marketing exploded in Brazil. The real math, using effective rate per USD 100, shows that in most cases no-IOF cards lose to Wise or Nomad even with the 3.5% IOF tax.

  1. Are 'No-IOF' Brazilian Credit Cards Worth It? The Math Nubank Ultravioleta, BTG and Sicredi Won't Show You

    In May 2026, 'zero IOF' marketing exploded in Brazil. The real math, using effective rate per USD 100, shows that in most cases no-IOF cards lose to Wise or Nomad even with the 3.5% IOF tax.

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    In May 2026, 'zero IOF' marketing exploded in Brazil. The real math, using effective rate per USD 100, shows that in most cases no-IOF cards lose to Wise or Nomad even with the 3.5% IOF tax.

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Are 'No-IOF' Brazilian Credit Cards Worth It? The Math Nubank Ultravioleta, BTG and Sicredi Won't Show You

In May 2026, 'zero IOF' marketing exploded in Brazil. The real math, using effective rate per USD 100, shows that in most cases no-IOF cards lose to Wise or Nomad even with the 3.5% IOF tax.

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