Credit card - commonly used kind of payment card allowing to its holder to make operations at the expense of credit limit and/or overbalance.

Credit limit - loan amount established by the bank, within which you may perform operations on credit card; credit limit may be renewed repeatedly after repayment of used loan.

Overbalance - is your own funds, deposited on credit card above credit card limit, for which no interest for usage are charged. While credit card usage, first of all, funds of overbalance are spent, and then funds of credit card limit.

Types of credit cards:

Visa Classic - one of the most popular cards in the world, allowing to its holder to get cash in ATMs, to pay for purchases in points of sales and in internet, to rent car, to reserve hotel and etc.

Minimum credit limit for Visa Classic credit card:

• for employees of salary projects of Demir Bank– KGS 1500;
• for credit cards, secured with pledge of monetary funds – KGS 5000.

Visa Gold - one of the prestigious credit cads in the world. It confirms high status and wealth of cardholder, which gives possibility to withdraw funds in ATMs, to pay for purchases in points of sales, in internet and etc, as well as provides wide choice of additional service and reliability in usage.

Minimum credit limit for Visa Gold credit card – KGS 60 000

Advantages of credit cards of Demir Bank:

• Getting of discounts from 3% to 100% in supermarkets, restaurants, night clubs and etc
• Free cash withdrawal of national currency in ATMs of Demir Bank
• Possibility to pay for goods and services via POS-terminals
• Possibility to get Bonuses at the rate of 0.5% of amount of purchase (depending on point of sale) in Bonus Web network. Accrual of bonuses is made automatically by the Bank to special virtual account
• Possibility to effect purchases via Internet
• At withdrawal of funds at the expense of credit limit – interests are accrued ONLY to part of used credit limit from transaction date till the day when the debt will be discharged fully
• Possibility to withdraw funds from your bank account, as well as to perform other operations which are available by debit card (only in ATMs of Demir Bank)
• Possibility of non-interest disposal of own funds at the expense of funds deposited over credit limit (overbalance) (in all POS-terminals and ATMs of the Demir Bank)
• Possibility to renew credit limit after repayment of debt
• There is no need for documentary confirmation of target usage of loan

Features of credit cards

Grace period of crediting - is period of non-interest usage of credit card limit, applies only to payments for goods and services. Grace period doesn’t apply for cash funds withdrawal from credit card.

Visa cards tariffs

Example of grace period of crediting