A loan serves a specific planned purpose while a credit card should help us in unforeseen situations. When taking a loan, we receive the whole amount of the funds, while with a credit card we use the amount of money necessary at the moment. The credit card debt is settled as we choose, while loan obligations are fixed and determined in advance.
When taking a loan, we pay the entire amount of granted funds, while a credit card interest is calculated only on the used funds, with no fee for early debt repayment. A credit card is not necessarily more expensive; you only need to learn how to use it properly.
A credit card is a solution to the fulfilment of your wishes or covering unexpected expenses. Your mobile phone is out of order and you can’t afford to buy a new one. If you have a credit card in this or similar situations, you’ll be able to make an unplanned investment and to make a sure gain. Your obligations and contacts weren’t affected. Think of a situation where all your friends plan rafting, and you currently don’t have enough money so you can’t join them. The expense is not too high to deprive yourself of unforgettable moments. If you have a credit card, this will probably be the right time to use it. The best you can think of a credit card is: It is better to have one; you never know when you’ll need it.
Your card is valid for three years and we will renew it easily online. Apply here
It means that the funds you spent making credit card payments, which are repaid according to the monthly calculation can be reused as long as your card is valid. The good thing about this method of payment is that you can make your own decisions about the repayment amount and schedule, except for the minimum portion (5% of the outstanding debt) for payment every month. You may also pay the whole amount, depending solely on your wishes and plans, while you can reuse the settled portion minus interest.
There are two possibilities for not paying interest on the spent funds: • The first one is the charge repayment method which allows you to use the card during the month and in case you fully settle the spent amount before the end of the month, no interest will be calculated. • The second one is the instalment repayment method of some card debt, based on which the transaction amount can be divided into 3, 6, 9 or 12 equal monthly instalments. If repayment is regular, no interest will be calculated. If you choose this option, you’ll pay only the fee with the first monthly instalment.
The limit is determined on the basis of your creditworthiness. Creditworthiness is calculated on the basis of your monthly earnings and existing liabilities documented in the Credit Bureau report.
Of course, AIK Banka has a solution for all clients. If you have no regular monthly earnings (salary, pension), we offer you the possibility to apply for a credit card by placing a EUR special purpose deposit. The advantage of this option is the interest rate for the special purpose deposit which is equivalent to the interest rate for standard term savings. With the supplied promissory note, the credit card limit can be up to 100% of the deposit.
AIK Banka has introduced the 3D Secure system for secure purchase by MasterCard online. When paying at online points of sale with the displayed MasterCard SecureCode, the client can, thanks to the advanced method of online payment protection, confirm each transaction with a One Time Password (OTP) received for each online transaction in a SMS to his/her mobile phone number registered for Card alert SMS service (notification about executed transaction). It is only important to check with your bank consultant whether your mobile phone number has been updated.