Sicoob Mastercard Black Merit
The premium card of Brazil's largest financial cooperative, with Mastercard Black and the Coopera program.
Overview
The Sicoob Mastercard Black Merit is the high-income card of Sicoob, a Brazilian cooperative financial system. It combines Mastercard Black network benefits (VIP lounges, concierge and insurance) with Sicoob's own points program, Coopera. Because it is a cooperative card, terms such as annual fee and income vary by the issuing local cooperative (singular), and access is restricted to members. The information here was verified on Sicoob's official page and specialized sources, but confirming figures directly with the local cooperative is recommended.
Who it's for
Aimed at high-income Sicoob members who already bank with the institution and want a premium card with VIP lounge access and points transferable to airlines.
Points earning
The official page states 2.5 points per dollar spent; specialized sources cite 2.2 points per dollar. Points are valid for two years (24 months).
Points program and transfers
The loyalty program is Coopera, Sicoob's marketplace and points club. Coopera points can be transferred to Livelo (1:1, only from Coopera to Livelo since 25/10/2024) and to airline programs such as Smiles, LATAM Pass and Azul Fidelidade, with frequent bonus transfer campaigns.
Related promotions and news
Transfer bonuses and updates from the programs linked to this card, updated live.
Transfer promotions
Miles news
Annual fee and waiver rules
Waiver or discount rules are set by each local cooperative and generally depend on monthly spending volume. Some units offer a 50% discount or waiver based on spending. Always confirm with your cooperative.
How to apply
Application is made directly at the Sicoob cooperative (singular) where the customer is a member, in person at the branch or via Sicoob digital channels. There is no open offer to the general public: membership is required.
Income or net worth range
Suggested income around R$ 20,000 per month, but the amount varies by the issuing cooperative.
Typical requirements
- Be a Sicoob member
- Prove the minimum income required by the issuing cooperative
- Credit approval at the local cooperative
- Standard registration analysis
Ways to obtain
- Become a member of a Sicoob cooperative
- Request the card at the branch or digital channel
- Pass the cooperative's credit analysis
- Await approval and issuance
VIP lounges
Access to over 1,400 VIP lounges in more than 400 airports via Mastercard Airport Experiences provided by LoungeKey, plus the Mastercard Black lounge in Guarulhos (GRU). Free-access conditions and number of visits vary by cooperative.
Network benefits
- Mastercard Black network, Mastercard's highest tier
- 24-hour Mastercard concierge for travel, tickets and reservations
- Mastercard Airport Experiences (LoungeKey) for VIP lounges
- Mastercard Travel Rewards and exclusive offers
- Contactless payment and digital wallets (Apple Pay, Google Pay, Samsung Wallet)
Insurance
- Travel medical assistance insurance (MasterAssist Black)
- Baggage loss and delay insurance
- Trip cancellation and delay insurance
- Purchase protection and extended warranty
- Schengen visa insurance certificate
Travel protections
- International travel medical assistance
- Coverage for baggage delay and loss
- Trip cancellation protection
Airline benefits
- Transfer of Coopera points to Smiles, LATAM Pass and Azul Fidelidade
- Frequent bonus transfer campaigns
Hotel benefits
- Offers and experiences via Mastercard Airport Experiences and Mastercard Travel Rewards
Car rental benefits
- Rental car insurance coverage (per Mastercard Black rules)
✅ Advantages
- Coopera program transferable to Livelo and airlines
- Access to LoungeKey VIP lounges and the Mastercard Black lounge at GRU
- Complete set of insurance and Mastercard Black concierge
- Cooperative advantages (profit-sharing) for members
⚠️ Disadvantages
- Restricted to Sicoob members
- Annual fee, income and waiver rules vary widely by cooperative
- Limited public documentation and poorly standardized terms
- Only average points earning versus high-income competitors
Frequently asked questions
What is the Sicoob Mastercard Black Merit points program?
It is Coopera, Sicoob's loyalty and marketplace program, with points transferable to Livelo and airlines.
How many points does the card earn?
The official page indicates 2.5 points per dollar; specialized sources cite 2.2 points per dollar, valid for two years.
Can I transfer points to airlines?
Yes. Coopera points can go to Smiles, LATAM Pass and Azul Fidelidade, plus Livelo (1:1).
What is the annual fee and required income?
They vary by cooperative: annual fee roughly R$ 770 to R$ 1,550 and income around R$ 20,000 per month.
Do I need to be a member to get the card?
Yes. The card is exclusive to Sicoob members and requested at the local cooperative.
Sources consulted
Information gathered from official and specialized sources in 2026-07. Annual fee, income and rules change — always confirm on the issuer's official website.