Terminology of credit

 

Interest rate

The interest rate is calculated as a percentage and, as a general rule, is expressed as an annual percentage rate. They offers you a wide range of cards whose interest rates, benefits and premiums differ, depending on your needs. Compare interest rates using our credit card comparison tool.

Minimum payment

Minimum payment

The minimum payment is the minimum amount you have to pay each month. It is calculated as stated in the Agreement governing the use of the Bank credit card (or, if you have a Visa Advantage Rate Card), in the Agreement governing the use of the Visa Card. Rate Advantage ). The minimum payment you must make will appear on your monthly statement in the “Minimum Payment” box. You must make the minimum payment each month, by the due date at the latest. This will keep your account in good standing, maintain a good credit rating and avoid certain consequences that may apply to your account if you do not make the minimum payment by the due date on one or more occasions. For more information, refer to the agreement governing the use of your credit card, which you will find here.

Annual fees and service charges

Annual fees and service charges

Certain credit cards Bank e carry an annual fee, whether because of the benefits, premiums or savings on the insurance cover they give you. In addition, fees are charged for certain services, such as cash advances, refused checks and additional monthly statement and other copies. For a complete list of annual fees and service fees for each card, please refer to your Card Agreement.

Exemption period

Exemption period

The exemption period is the number of days you have before interest begins to accrue on your purchases, provided the last balance has been paid in full. The exemption period does not apply to cash advances. See the list of exemption periods for each card.

Unpaid balance

Unpaid balance

The amount remaining unpaid on your credit card account, once you have made a payment, constitutes the outstanding balance.

Cash advance

Cash advance

Your Visa Credit Card can be used to withdraw cash from any ATM or branch of Bank e. In the case of cash advances, interest is charged from the time the advance is made. For current interest rates on Cash Advances, please refer to your Agreement Governing the Use of Your Visa Card.

Credit limit

Credit limit

Your monthly credit card statement Bank e reports your credit limit. This is the maximum amount of credit you have on your credit card Bank e to pay for your purchases, cash advances, interest, service fees and other fees. You can use your e credit card up to this ceiling. The amount of available credit is adjusted as the amounts charged to your credit card account fluctuate, up or down.