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WE POSTPONE INSTALLMENTS PAYMENT AND EXTEND THE GRACE PERIOD FOR CREDIT CARDS
In this context, we are interested in offering you the best solutions. Therefore, to avoid going in our branches and to be able to comply with the recommended prevention measures, we offer new facilities for the credit card that you own.
Now you have 30 additional days to pay the for purchases already setted in installments, until your next issued statement, between 24th of March – 23rd of April, 2020.
We increased the maximum number of intsallments for purchases performed anywhere in the world, from 6 to 18 installments, for purchases performed between 24th of March and 31st of May, 2020. Purchases can be splitted into installments without interest at the moment of the payment (in stores) or later by a simple SMS. You can see here 18 installments campaign rules.
Representative example for a credit line attached to the Standard Credit Card, with a value of 5,000 lei, for 4 years: fixed interest 26%, DAE: 30.82%, card administration fee: 50 lei / year, total value payable: 10,403, 56 lei, the minimum monthly payment amount is 3.5% of the balance used, minimum 20 lei.
Representative example for a credit line attached to the Gold Credit Card, with a value of 20,000 lei, for 4 years: 26% fixed interest, DAE: 30.43% card administration fee: 150 lei / year, total value payable: 41,414.17 lei, the minimum monthly payment amount is 3.5% of the balance used, minimum 20 lei.
The mandatory minimum amountis postponed by 30 days for the statements issued during the following period: 24th of March – 23rd of April, 2020.
Therefore, it will not be necessary to go to the bank to pay it.
If you still want to pay the used amount, you can use MyBRD Mobile and MyBRD Net ,our digital payment services, with zero monthly administration fee and zero commission, for national and international transfers, performed in the SEPA area, in ron and euro, during 16th of March – 16th of June, 2020.
We also extend the grace period by 30 days for the new payments, performed between 25th of March and 23rd of April 2020, in stores or online, anywhere in the world.
Usually, you should pay the mandatory minimum amount until the due date mentioned in your account statement issued or in the BRD SMS that you received.
In this difficult period, in order to avoid going in our branches and to better manage your budget, we postpone the mandatory minimum amount by 30 days, no request needed from your side.
This benefit is aplicable for the account statements issued between 24th of March and 23rd of April 2020
No, it is not mandatory to pay anything for this account statement and you will not be reported to the Credit Bureau. If you still want to pay the used amount, our recommendation is to use MyBRD Mobile and MyBRD Net, our digital payment services, with zero monthly administration fee and zero commission, for national and international transfers, performed in the SEPA area, in ron and euro, during 16th of March – 16th of June, 2020.
The mandatory minimum amount is postponed, but the interest will still be calculated for every situation.
The interest will still be calculated for: cash withdraws, performed purchases, for which the grace period is overdue, installments without interest that have not been paid until the fixed monthly due date and the installments with interest.
In your account statement issued between 24th of March and 23rd of April 2020 you will not have the due date for any installment for all the purchases spiltted into installments without interest, those will be postponed for the next statement issued.
Next month you will not pay 2 installments, the installments will not be accumulated, they will be only postponed. This means that the due date will be extended by a month, compared with the inital plan (for example: if your initial installments plan was set to be fully paid in June, due to the postponement, this will happen in July)
After the period of postponement for the purchases splitted into installments and for the mandatory minimum amount, the amounts will be recalculated and you will have to pay a mandatory minimum amount, which includes also the new purchases performed and the purchases included in the previous statements.
It is mandatory to pay the monthly full payment (without installments in the future) mentioned in the statement.
Warning! In case you performed cash withdrawals, the interest is calculated daily from the date you performed the transaction.
You will benefit of extended grace period, which will be added to the standard grace period mentioned in your contract as follows:
- For the Mastercard Standard or Gold Credit Card you will benefit of up to 85 days grace period;
- For the Platinum Credit Card you will benefit of up to 90 days grace period;
- For the Business Credit Card you will benefit of up to 76 days grace period ( depending on the products you own).
This benefit applies for the new purchases performed between 25th of March and 23rd of April 2020.
