#sicredi

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

A no-IOF credit card looks like the holy grail of international spending for Brazilians. It isn't. Once you isolate the FX spread, the "zero IOF" offers from Nubank Ultravioleta, BTG Cashback IOF Zero and Sicredi become expensive marketing. We ran the numbers line by line — who wins, who loses, and in which scenario.

Curadoria Voyspark · May 18