Best cashback credit cards in Brazil
By Sofía Vargas (Editor-in-chief) · Reviewed by Sofía Vargas (Editor-in-chief) · Published · Reviewed
Also available in pt-BR on Brasil.
Cashback in Brazil has moved from being a one-off promotion to a structural benefit on most digital cards. This guide compares real cashback rates, rewarded categories and the monthly caps that many issuers publish in fine print. Data comes from current contracts and program rules published by each issuer.
Direct answer
For cashback — brazil, the strongest pick today is Nubank Ultravioleta, according to the BestCardIn editorial review.
Quick answers
- Is cashback taxed in Brazil?
- Cashback from a personal card is not considered taxable income by the Receita Federal under current understanding. Cashback received in a corporate account must be analyzed case by case with your accountant.
- What is the best no annual fee cashback card?
- Inter Black Win with 1.25% structural cashback is the best no-fee option. Inter Black (1%) and BTG+ Black (1%) are solid alternatives. Nubank+ offers 0.5% with no annual fee.
- How is cashback credited?
- Most issuers credit at the end of the cycle as a credit on the statement or digital account. Nubank credits to the Nubank account; Inter to the Inter account; BTG to the BTG account. Verify the exact periodicity in the contract.
- Does cashback expire in Brazil?
- Most Brazilian cards do not apply expiration to cashback as long as the account remains active. Some legacy programs from traditional banks apply 12-24 month expiration; check the program rules.
Selected cards
Nubank Ultravioleta
Nubank
Annual fee: BRL 1068.00 · Cashback: 1.25%
1.25% structural cashback on every purchase, with no monthly cap. High annual fee but waived with qualified spend; the best pure cashback in the market for consolidated spend.
Inter Black Win
Banco Inter
Annual fee: No annual fee · Cashback: 1.25%
1.25% cashback with no annual fee. Unbeatable combination of structural returns and zero cost.
Inter Black
Banco Inter
Annual fee: No annual fee · Cashback: 1.00%
1% cashback with no annual fee, travel benefits and the integrated Inter Super App.
BTG+ Black
BTG Pactual
Annual fee: No annual fee · Cashback: 1.00%
1% cashback with no annual fee from BTG+. Good option for clients of the BTG Pactual investment platform.
XP Visa Infinite
XP
Annual fee: No annual fee · Cashback: 1.00%
1% Visa Infinite cashback with no annual fee for XP clients; premium benefits combined with structural cashback.
Quick comparison
| # | Card | Issuer | Annual fee | Cashback |
|---|---|---|---|---|
| 1 | Nubank Ultravioleta | Nubank | BRL 1068.00 | 1.25% |
| 2 | Inter Black Win | Banco Inter | No annual fee | 1.25% |
| 3 | Inter Black | Banco Inter | No annual fee | 1.00% |
| 4 | BTG+ Black | BTG Pactual | No annual fee | 1.00% |
| 5 | XP Visa Infinite | XP | No annual fee | 1.00% |
Before choosing a cashback card in Brazil, compute the effective cashback: the advertised rate multiplied by the share of your spend that actually falls into rewarded categories. For cards with universal cashback (Nubank Ultravioleta, Inter Black Win), the math is direct; for cards with rotating categories, more care is required.
The second critical point is monthly caps. Nubank Ultravioleta and Inter Black Win have no monthly cap, which makes them predictable for high spend. Cards with advertised rates above 5% normally have low caps, which reduces real returns for consolidated spend.
Finally, evaluate the cashback payout mechanic. Most Brazilian issuers credit it as a credit on the statement or in the digital account. Check whether there is an expiration period (most do not, as long as the account remains active).
FAQ
Is cashback taxed in Brazil?
Cashback from a personal card is not considered taxable income by the Receita Federal under current understanding. Cashback received in a corporate account must be analyzed case by case with your accountant.
What is the best no annual fee cashback card?
Inter Black Win with 1.25% structural cashback is the best no-fee option. Inter Black (1%) and BTG+ Black (1%) are solid alternatives. Nubank+ offers 0.5% with no annual fee.
How is cashback credited?
Most issuers credit at the end of the cycle as a credit on the statement or digital account. Nubank credits to the Nubank account; Inter to the Inter account; BTG to the BTG account. Verify the exact periodicity in the contract.
Does cashback expire in Brazil?
Most Brazilian cards do not apply expiration to cashback as long as the account remains active. Some legacy programs from traditional banks apply 12-24 month expiration; check the program rules.
Methodology
We compare the headline rate against effective cashback under two spend scenarios: average user (R$ 2,500/month) and high user (R$ 12,000/month). We subtract the annual fee from the projected annual return. We exclude cards with cashback conditioned on salary direct deposit.
Conclusion
For most Brazilian users, Inter Black Win is the ideal entry point: 1.25% with no annual fee. For consolidated spend and profiles using other premium benefits, Nubank Ultravioleta delivers more total value. BTG+ Black and XP Infinite are the best options for clients of those investment ecosystems.