Cartão Magalu is the Magazine Luiza credit card, issued on Itaú’s card infrastructure and managed from a dedicated app. The pitch is straightforward: no annual fee, 2% cashback on products sold and shipped by Magalu, installments up to 24x on partner stores, a virtual card, and a bill renegotiation flow when the month gets tight. It works well for shoppers who spend most of their credit at Magazine Luiza. It works less well when someone shops across many retailers, wants richer rewards on categories outside Magalu, or prefers a general-purpose no-annual-fee card that stacks points across everyday spend.
This guide compares 7 Cartão Magalu alternatives. Some are direct store-card competitors, some are bank cards with broader benefits, and one is the neobank most Cartão Magalu users switch to when they want a single card that covers everything.
Quick comparison
| App | Best for | Annual fee | Reward | Standout |
|---|---|---|---|---|
| Nu (Nubank) | Everyday spend outside Magalu | None | Nu points on Ultravioleta tier | Cleanest app, fast approval |
| Meu Renner | Renner shoppers | None | Store discounts + installments | Realize CFI card management |
| Cartão Riachuelo | Fashion and home | None | Discounts at 40+ partners | Midway financial ecosystem |
| Cartão Casas Bahia | Appliances and electronics | None | Store installment focus | Long installment plans on high tickets |
| Bradesco Cartões | Bradesco or Losango holders | Card-tier dependent | Livelo points | Consolidated card management |
| Havan | South-region shoppers | None | Store discounts + limit | Havancard and shopping in one app |
| Inter | Full digital bank plus card | None | Inter Loop points, cashback | Account, brokerage, card in one super-app |
Why people look for Cartão Magalu alternatives
Cartão Magalu earns its share of loyal Magalu shoppers, but a few frictions push people to look around.
- Cashback tied to one retailer. 2% cashback lands only on products sold and shipped by Magalu. Third-party marketplace items and purchases outside Magalu return nothing.
- Limits that feel tight on non-Magalu spend. Threads on Reclame Aqui note approval sizing that fits Magalu installments better than open-market spend.
- The Itaú-run backend. Cartão Magalu shares issuing with Itaú. Users who left Itaú for a lighter neobank experience sometimes want their credit card to move too.
- Renegotiation quality varies. The bill renegotiation and installment flow works, but pricing is not the softest in the market when compared with bank-issued cards.
- Single-brand orientation. If most of the month’s spend goes to groceries, fuel, or delivery outside Magalu, the reward math stops adding up.
Which Cartão Magalu alternative should you choose?
- Nu if you want one no-annual-fee card that works everywhere.
- Meu Renner if most of your monthly spend is at Renner and its house of brands.
- Cartão Riachuelo if you want a store card with a broad partner discount network.
- Cartão Casas Bahia if long installments on appliances is the main use.
- Bradesco Cartões if you already hold a Bradesco or Losango card.
- Havan if Havan is a regular stop and you want the store card in the same app.
- Inter if you want the card as part of a full digital bank.
1. Nu — best Cartão Magalu alternative for everyday spend
Nu is the Nubank card in the Nubank app. The credit card has no annual fee, ships with a Mastercard, and pairs with a digital account that pays interest on the balance from day one. Approval usually completes in minutes, the virtual card is available immediately for online purchases, and the app leads with the balance and the invoice rather than a shop carousel. For shoppers who spend across many retailers, Nu is the natural switch: the card rewards do not depend on any single store.
Where it falls short: Base tier does not pay category cashback outside Nu Ultravioleta. Credit limits at first can be modest. No branch presence.
Pricing: Free card, free account, free Pix. Ultravioleta tier costs around R$ 24 per month and pays 1% Nu points on spend plus travel perks.
Nu vs Cartão Magalu: Nu wins on breadth. Cartão Magalu wins when the vast majority of spend goes to Magalu products.
Bottom line: Pick Nu when the card needs to work at every retailer, not just one.
2. Meu Renner — best for Renner shoppers
Meu Renner is the app that manages the Cartão Renner and the wider Realize CFI cards from Lojas Renner. It handles invoice, virtual card, limit release, and the store’s installment plans across Renner, Camicado, Youcom, and Ashua. The value is concentrated on Renner ecosystem spend: exclusive fashion drops, birthday-month discounts, and installment terms that Cartão Magalu does not match at those stores.
Where it falls short: Value drops off outside Renner. Reward is store-scoped rather than open cashback.
Pricing: Card with no annual fee on qualifying tiers. Store installments up to 10x without interest on selected campaigns.
Meu Renner vs Cartão Magalu: Meu Renner wins for fashion-heavy months at Renner. Cartão Magalu wins for appliance and electronics spend inside Magalu.
Bottom line: Pick Meu Renner when Renner and its sister brands cover most of the month’s fashion budget.
3. Cartão Riachuelo — best for a wider partner network
Cartão Riachuelo is the Midway-issued store card for Lojas Riachuelo. The Midway app handles the invoice, limit, and installment plans, plus a partner discount network that runs beyond Riachuelo itself. Users get access to over 40 partner brands with card-linked discounts and Midway’s wider account and loan products.
Where it falls short: Interest rates on revolving credit sit at typical Brazilian store-card levels, which are not soft. Value concentrates on partner shopping.
Pricing: No annual fee on the entry tier. Installment plans up to 24x at Riachuelo on selected categories.
Cartão Riachuelo vs Cartão Magalu: Riachuelo wins on partner-network breadth outside its own stores. Cartão Magalu wins on 2% cashback for Magalu-shipped products.
Bottom line: Pick Cartão Riachuelo when you want a store card with a network of partner discounts beyond one retailer.
4. Cartão Casas Bahia — best for long installments on high-ticket items
The Cartão Casas Bahia app manages the store credit card that Grupo Casas Bahia offers. It covers limit checks, invoice, installment agreements, and payment via barcode. The card fits customers who buy appliances, TVs, and furniture and rely on the store’s longer installment plans without needing a general-purpose credit card.
Where it falls short: Value is narrow outside Casas Bahia. Interest rates on unpaid balances are steep.
Pricing: No annual fee for the store card. Long installment terms on qualifying purchases, sometimes with a promotional interest rate.
Cartão Casas Bahia vs Cartão Magalu: Casas Bahia wins for long installment plans on high-ticket appliances at its own stores. Cartão Magalu wins for Magalu cashback and a broader mix of installments plus renegotiation flow.
Bottom line: Pick Cartão Casas Bahia when the main use is long installment plans on Casas Bahia purchases.
5. Bradesco Cartões — best for Bradesco and Losango cardholders
Bradesco Cartões is the dedicated card-management app from Bradesco. It covers the whole Bradesco card portfolio, from the entry cards through the Livelo-earning tiers up to premium products. Existing Bradesco or Losango customers use it to manage the invoice, request virtual cards, prepay bills, and stack Livelo points across everyday spend.
Where it falls short: Requires a Bradesco account or an approved Bradesco card. Card annual fees vary by tier, so the no-fee promise depends on the product chosen.
Pricing: Card annual fees depend on tier and package. Livelo points across most Bradesco cards.
Bradesco Cartões vs Cartão Magalu: Bradesco wins when you already have Bradesco relationships and want to consolidate card management. Cartão Magalu wins as a standalone store-linked card with no bank relationship required.
Bottom line: Pick Bradesco Cartões when Bradesco is already the primary bank and Livelo points cover a wider range of spend than Magalu cashback.
6. Havan — best when Havan is a regular stop
Havan is the shopping and Havancard app from the Santa Catarina retailer. The card side of the app handles the Havancard invoice, virtual card, limit, protection service, and store discounts. The shopping side covers online orders, in-store price checks by barcode, and QR-code payments at the store. For shoppers in the south of Brazil, or fans of Havan’s wide product range, one app replaces two.
Where it falls short: Value concentrates at Havan stores. Store network is heavier in the south and southeast than in other regions.
Pricing: Havancard with no mandatory annual fee on the entry tier. Store discounts and installment plans on qualifying purchases.
Havan vs Cartão Magalu: Havan wins when the household shops at Havan regularly. Cartão Magalu wins for national Magazine Luiza coverage and Magalu shipping cashback.
Bottom line: Pick Havan when Havan is where you already spend and the store card in the same app is convenient.
7. Inter — best for the card as part of a full digital bank
Inter takes the opposite approach to a store-branded card. The Inter Mastercard has no annual fee, sits inside a full digital bank with unlimited free Pix and free transfers, and pairs with the Inter Loop points programme that turns everyday spend into miles, invoice discounts, or investments. Inter Shop adds cashback on selected retailers, so a Magalu-style cashback exists there without being tied to only one store.
Where it falls short: Loop points value depends on redemption choice. Approval sizing at first can be conservative.
Pricing: Free account, free card, free Pix. International Mastercard for online and travel purchases.
Inter vs Cartão Magalu: Inter wins on the everyday-account plus card combination and Loop points across retailers. Cartão Magalu wins for concentrated Magalu spend and a longer 24x installment plan inside Magalu.
Bottom line: Pick Inter when the card is one piece of a whole digital-bank move and Loop points beat single-store cashback for your spend.
How to choose the right Cartão Magalu alternative
Start with where the spend actually goes.
- If most of the monthly spend goes to Magazine Luiza and its shipped-by-Magalu items, staying on Cartão Magalu is still the strongest math. The 2% cashback and 24x installments are hard to beat inside that one store.
- If the spend is spread across many retailers, Nu is the closest thing to a universal replacement: no fee, works anywhere, no store dependency.
- If a specific competitor store dominates, match the card to that store: Meu Renner for Renner, Cartão Riachuelo for fashion and partners, Cartão Casas Bahia for appliances, Havan for Havan trips.
- If you already have a Bradesco or Losango relationship, Bradesco Cartões consolidates card management and earns Livelo across a wider set of everyday spend than Magalu cashback covers.
- If the card is really a signal to move the whole banking relationship, Inter turns the card into part of a full account with brokerage, Pix, and Loop points.
Frequently asked questions
Is Cartão Magalu really free?
Cartão Magalu is marketed with no annual fee for the store card. Interest applies on revolving credit and late payments, and installment plans can carry interest depending on the terms of a given purchase.
Which is the best Cartão Magalu alternative with no annual fee?
Nu is the most common no-annual-fee choice for shoppers who want a general card. Inter also has a no-annual-fee Mastercard tied to a full digital account.
Can I use another card to buy on Magazine Luiza and still get cashback?
Only Cartão Magalu pays the Magalu-shipped 2% cashback. Other cards can pay their own points or cashback on the same purchase, but not the Magalu-linked reward.
Do these alternatives offer installments like Cartão Magalu?
Most store cards on this list offer their own long installment plans inside their home retailer. General cards like Nu and Inter offer installments across many stores through Mastercard, though usually with fewer instalments than the store card at its home retailer.
Which Cartão Magalu alternative is best for fashion shopping?
Meu Renner suits Renner-heavy months, and Cartão Riachuelo suits Riachuelo shoppers with a broader partner-discount network.
Is Bradesco Cartões the same as the main Bradesco app?
Bradesco Cartões is a dedicated card-management app. The main Bradesco app also covers the account, investments, and other products, so many customers keep both installed for different tasks.
