Terms and conditions
Users
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creditworthy individuals that fulfil one of the following conditions:
- salary over 40,000 denars;
- total net-income according to Annual tax return higher than 1,200,000 denars or
- deposit in amount of 110% of the credit limit, not lower than 150,000 denars
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Nominal interest rates***
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Visa Gold Standard
- 10.64% annually on the amount of the used credit limit (reference interest rate of 1.95% increased for 8.69%)*
- 10.25% on the amount over the credit limit
Visa Gold Revolving
- 10.84% annually on the amount of the used credit limit (reference interest rate of 1.95% increased for 8.89%)*
- 10.25% on the amount over the credit limit |
Annual membership fee**
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for the basic
card
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for the additional
cards
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for the first year |
free of charge
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free of charge
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for each consecutive year
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1,800 denars
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900 denars
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for annual turnover over 250,000 denars
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free of charge
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free of charge
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Utilization fees
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at ATMs
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at counters
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of the Bank |
2%, min. 250 denars
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2%, min. 250 denars
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of other banks in the country
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3.5%, min. 350 denars
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3.5%, min. 350 denars
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of other banks abroad
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4%, min. 500 denars
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4%, min. 500 denars
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* The reference interest rate shall be the rate announced and available on the web site of NBRM (
www.nbrm.mk) each 25.06. and each 25.12. under the name “
interest rate for denar deposits without currency clause” and shall apply for the current six-months period (until the end of the respective six-months period). Current applicable reference interest rate is
1.95%. The Bank shall regularly announce the applicable reference interest rate for interest calculation at its web site.
LINK
** The annual membership for all types of cards shall be calculated on monthly basis, i.e. the account shall be debited in 12 equal instalments. Debiting of the accounts shall be commenced in the month of expiry of the last paid membership fee, i.e. the free period of 12 months, depending on the date of issuance of the card. If the cardholder closes the card before expiration of the year for which the membership fee is charged, the Bank shalll collect the remaining amount of unpaid membership fee for the respective year.
*** If the nominal interest rate is higher than the penalty interest rate prescribed by law, the Bank shall calculate interest to the extent of the penalty interest rate prescribed by law, which is currently 10.25% per annum.
The Bank shall apply proportional method for calculation of interest.