This new credit card functions on the principle of dividing the amount of purchase into equal monthly installments, which can range from three to 48 months, depending on the purchased amount. As a result, clients will know in advance the exact amount of the installments until the end of the repayment period.
The approved credit limit for the card ranges from E500 to E5,000 in the equivalent dinar value. The monthly interest on the outstanding debt varies, depending on how many installments the purchase was divided into.
In addition, a SMS information service will be available, which will inform clients of their transactions, as well as the number of installments on which the purchase will be divided. Any individual purchase, both domestic and foreign, can be repaid prematurely at any time.
The MasterCard installment card can be used for the payment of goods and services, as well as for the withdrawal of cash both domestically and abroad, and also for internet payments, phone and postal orders. The cardholder does not have to be a client of the Austrian bank and neither deposits nor guarantors are required.
