|Issuing and administration of credit cards with deposit cession guarantee
This product is addressed to individuals, depositors of JSCB „EXIMBANK”.
Eligibility for individuals, bank’s depositors, when establishing the credit limit for a card:
• To be signed a Deposit contract with the bank for a period of no less than 6 moths;
• The minimum deposit amount is 7,000 MDL, 500 USD or 500 EUR.
Credit limits are usually given to individuals in the amount of maximum 70% from deposit value. The credit limit term is less than deposit placement term with 30 days.
The obligations towards transactions made with credit cards, are guaranteed by the Contract of deposit cession stipulations signed with the bank.
The credit cardholder can choose one of the following mechanisms for credit limit functioning:
a) Revolving credit limit;
b) Overdraft credit limit.
Reimbursing the loan and related interest
The bank sends by email the account statement, where are indicated all operations made during previous month, and the minimum part of the loan must be paid off.
In case of Revolving credit cards, the minimum part of the loan is equal to 20% from the amounts used from credit line, and related interest from the entire amount used from credit line. The minimum part should be reimbursed by the cardholder no later than the last day of the current month. The bank applies 18% annual interest to the amounts used from credit line, starting with 21st day of the current month.
In case of Overdraft credit cards, the used amounts from given credit line, the loan and related interest should be reimbursed no later than the last day of the current month. The bank applies 12% annual interest to the amounts used from credit line, starting with the day when the credit line was used.
In case the cardholder does not reimburse the sums as pre-established, to those amounts where reimbursement term expired will be applied a penalty annual interest of 45% for overdue. In case of exceeding the credit limit established, the bank applies a penalty interest of 50% to the sum exceeding the credit limit.
The balances of private persons card accounts are guaranteed according to the Law № 575-XV of 26.12.2003 “On guaranteeing deposits of private persons in the banking system”.
More detailed information
For billing inquiries, please contact the Cards Department, at the phone number (373 22) 30 11 56, or e-mail: firstname.lastname@example.org.