The setup of Automatic Instalment Buying instruction allows you to get lower interest rates for repaying your card transactions without necessity to open repayment plans case by case (either via phone or internet/mobile banking). The instruction applies for transactions (both purchases or cash withdrawals) made by primary or secondary credit card within the Czech Republic or abroad. Card transactions made fully or partially from an overpayment on your card account will not be automatically placed on repayment plan. By “overpayment” we mean your own money, which you have sent to card account in bigger amount than your current card balance (current debt on credit card account except outstanding balance of your repayment plans).
What are some other advantages of Automatic Instalment Buying?
- Repayment period from 12 to 36 months
- Flexibility – you can change parameters (threshold for minimum amount and/or repayment period) of the Automatic Installment Buying instruction or you can cancel the instruction any time by calling our client line +420 412 440 000
- Partial or full early repayment any time for free – you just need to call our client line +420 412 440 000
- Simple repayment – monthly instalment of each repayment plan is included in mandatory minimum payment stated in each credit card monthly statement
- You can still take advantage of interest free period for your other purchases in shops or e-shops
- You keep a good track of your repayment plans easily in credit card statements
Examples
