Visa Corporate business credit card

Advantages of the card

- this card is intended for medium and large companies;

- simple settlement of business expenses, all over the world, commission free;

- simple follow up of the account balance and spending by user through the Internet Bank and SMS banking services;

- up to 40 days of interest-free period for the transactions realized at points of sale;

- lowest interest rate on the used credit of only 10.67% p.a.;

- minimum number of issued cards is 5 (five) with the opportunity to issuing of unlimited number of cards for your company;

- single account for payments in the country and abroad;

- improvement of your company’s cash flow;

- option for settling liabilities trough the standing order service;

- option for setting daily limits by cards according to your company’s needs;

- easier and safer than paying with cash;

- 24 hour customer support, around the world.

Card utilization

Visa Corporate is acquired at 40 million points of sale and more than 1.9 million ATMs in more than 170 countries in the world. If you use this card you can be with your money all the time and you don’t need to carry cash, to be afraid of being robbed, of losing or having contact with fraudulent banknotes. More information on acquiring the Visa cards are available on www.visa.com.

For detailed information on all of the card’s characteristics, please read the general conditions for issuance and use of Visa Corporate.

For bigger safety and comfort when using the card you can apply the tips for safe usage of cards of Komercijalna Banka AD Skopje.

Follow the guidelines and use the option for setting daily and periodic limits by cards according to your company’s needs.

Simple procedure of getting a new Visa Corporate business credit card

Follow the steps to get your Visa Corporate business credit card:

Terms and conditions

Users	individuals upon application submitted by legal entithy
Annual membership fee*		per card
	for the first year	free of charge
	for each consecutive year	3,600 denars
	for annual turnover over 1,500,000 denars	free of charge for all cards
Nominal interest rates***	- 10.67% p.a. up to the amount of the credit limit (reference interest rate of 1.98% increased for 8.69%)** - 12.5% p.a. over the credit limit
Utilization fees		at ATMs	at counters
	of the Bank	2.5%, min. 200 den.	3%, min. 300 den.
	of other banks in the country	3%, min. 200 den.	3.5%, min. 350 den.
	of other banks abroad	3%, min. 250 den.	3.5%, min. 400 den.

* The annual membership for all types of cards shall be calculated on monthly basis, i.e. the account shall be debited in 12 equal installments. 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.

** 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 1.98%. The Bank shall regularly announce the applicable reference interest rate for interest calculation at its web site. LINK

*** 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 12.5% per annum.

The Bank shall apply proportional method for calculation of interest.