Best no annual fee 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.
Brazil has arguably the most mature no annual fee credit card market in Latin America. Inter, Nubank and C6 already offer premium products (Black, Carbon, Platinum) without charging an annual fee, something practically unheard of in other countries in the region. This guide compares the five strongest options for 2026, focusing on real benefits rather than marketing claims.
Direct answer
For no annual fee — brazil, the strongest pick today is Inter Black Win, according to the BestCardIn editorial review.
Quick answers
- What does "no annual fee" mean in Brazil?
- The issuer does not charge an annual fee just for holding the card. It does not exempt you from other charges such as revolving interest, IOF on international purchases or optional fees (insurance, protection plans).
- Do no annual fee cards build SCR history the same way as cards with a fee?
- Yes. History is built through payment behavior, not through the annual fee. Nubank, Inter, C6 and Itaú report to the Banco Central's SCR like any traditional bank.
- Can I hold multiple no annual fee cards at the same time?
- Yes, there is no legal restriction. However, too many applications in a short period can affect your Serasa score; the recommendation is to not open more than two new products every six months.
- Do no annual fee cards charge IOF on international purchases?
- Yes. The IOF on international purchases (3.5% from 2026) is a federal tax and applies to all cards. Some premium products waive the IOF as a benefit; consult the product contract.
Selected cards
Inter Black Win
Banco Inter
Annual fee: No annual fee · Cashback: 1.25%
Inter's Black card with no annual fee and 1.25% structural cashback; an unbeatable combination of premium benefits and zero cost.
Nubank Crédito
Nubank
Annual fee: No annual fee
Brazil's most used credit card: no annual fee, the reference app of the sector and customer service known for its agility.
Inter Black
Banco Inter
Annual fee: No annual fee · Cashback: 1.00%
Inter Black with 1% cashback and travel benefits; ideal for clients already using the Inter Super App.
C6 Carbon
C6 Bank
Annual fee: No annual fee
C6's metal Carbon card with no annual fee; Átomos points program with conversion to miles and travel benefits.
Itaucard Click Visa Platinum
Itaú Unibanco
Annual fee: No annual fee
Itaú's no-fee card aimed at Itaú Click users; a solid option if you already have a checking account at Itaú.
Quick comparison
| # | Card | Issuer | Annual fee | Cashback |
|---|---|---|---|---|
| 1 | Inter Black Win | Banco Inter | No annual fee | 1.25% |
| 2 | Nubank Crédito | Nubank | No annual fee | - |
| 3 | Inter Black | Banco Inter | No annual fee | 1.00% |
| 4 | C6 Carbon | C6 Bank | No annual fee | - |
| 5 | Itaucard Click Visa Platinum | Itaú Unibanco | No annual fee | - |
The big differentiator of the Brazilian market is that "no annual fee" does not mean reduced benefits. Inter Black Win and Nubank+ offer structural cashback and Inter Black includes travel benefits, all without an annual fee. In other Latin American markets, this benefit level normally requires a significant fee.
If your main goal is to build credit history at the SCR (Banco Central credit information system), any of the five cards will do: all report monthly. The choice should then be based on benefits and ecosystem.
For users who value the best possible app experience, Nubank still leads by a wide margin. For those prioritizing cashback and premium benefits at no cost, Inter Black Win is the best cost-benefit combination on the Brazilian market in 2026.
FAQ
What does "no annual fee" mean in Brazil?
The issuer does not charge an annual fee just for holding the card. It does not exempt you from other charges such as revolving interest, IOF on international purchases or optional fees (insurance, protection plans).
Do no annual fee cards build SCR history the same way as cards with a fee?
Yes. History is built through payment behavior, not through the annual fee. Nubank, Inter, C6 and Itaú report to the Banco Central's SCR like any traditional bank.
Can I hold multiple no annual fee cards at the same time?
Yes, there is no legal restriction. However, too many applications in a short period can affect your Serasa score; the recommendation is to not open more than two new products every six months.
Do no annual fee cards charge IOF on international purchases?
Yes. The IOF on international purchases (3.5% from 2026) is a federal tax and applies to all cards. Some premium products waive the IOF as a benefit; consult the product contract.
Methodology
For this selection we reviewed the conditions published by each issuer, validated the absence of any annual fee conditioned on spend and verified structural (non-promotional) benefits. We only include products with national origination and at least six months in the market.
Conclusion
For most Brazilians, Nubank Crédito remains the standard entry door thanks to its balance between simplicity and app quality. Inter Black Win is the premium-no-fee option with the most cumulative benefits. C6 Carbon wins for those looking for a free metal card. Choose by usage profile, not by marketing.