Visa Classic Revolving Credit Card
Visa Classic revolving credit card is issued to retail clients, residents in the Republic of Serbia.
Prerequisites
- the applicant must have at least 18 and no more than 68 years
- current account with regular monthly income opened with Vojvodjanska banka or another bank
- the applicant must have been employed with same employer for at least 6 months or
- if the applicant owes a store, to be employed in it for at least 1 year
- the applicant must have a regular net monthly income of at least EUR 100 if pensioner or EUR 120 if other citizen (in RSD equivalent at the official NBS medium exchange rate)
Security instruments
- two promissory notes
- ban on salary in case that the cardholder does not regularly settle his obligations towards the Bank (except for clients who receive their regular monthly income into account with the Bank and who have issued a standing order for the settlement of obligations from the current account)
- promissory note with one creditworthy guarantor for clients over 68 at the moment of card re-issuing
Visa Classic revolving credit card is international valid and can be used to pay goods and services and cash withdrawal in the country and abroad up to the available limit. Maximum number of cash withdrawal transactions per day: two transactions.
The card is valid for the period of two years, which is also the period for which the credit limit is granted. The holder of the basic card is entitled to assign additional cards to persons she/he authorizes. Maximum 2 additional cards can be issued.
Upon the expiry of the card validity period the card is re-issued and the credit extended for another two-year period if the cardholder does not have any unfulfilled obligations towards the Bank and the Bank has positive evaluation of client`s creditworthiness.
The credit limit is determined in RSD. The amount of credit limit is determined depending on the applicant`s creditworthiness. The credit limit cannot be below EUR 100.
The applicant can choose one of the standing order options – minimum percent of monthly repayment (minimum 3% i.e. minimum RSD 500), or full payment of the spent amount of credit limit (100% of the spent amount of credit limit).
Once a month the Bank calculates monthly obligation for the transactions made in the country and abroad, interest, commissions and fees. The cardholder has two possibilities, to repay her/his monthly obligations via a standing order to debit her/his current account or by making the payment at the Bank`s teller, no later than 15th of the month.
The cardholder, who issued a standing order commits to assure sufficient assets on her/his current account for settlement of her/his obligations toward the Bank, in the period defined by the Contract, i.e. no later than 15th of the month. If the cardholder, in the defined period, does not assure sufficient assets on her/his current account for settlement of her/his obligations toward the Bank, it is necessary to settle her/his obligations by making the payment at the Bank`s teller.
Cardholders have possibility to early repay their obligations made with Visa Classic revolving credit card, i.e. they have possibility to pay only part or the whole spent amount of credit limit.
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