MasterCard revolving credit card gives predefined reserve of money at your disposal that allows you to buy anything, anytime, anywhere.

A credit limit is assigned to you according to your needs and financial status.

As you use the card for cash withdrawals and purchases during the calendar month, the transactions made are decreasing the available amount of your credit limit. 

At the beginning of the following month you receive a monthly statement with all the expenses (cash withdrawals, payments and transactional fees) you have made during the month and until 15th, you choose to pay either the total bill, either by installments, as you want. You can choose to cover 5% during the first month, 50% during the next month and the remaining part the third …

If you pay the entire outstanding balance, the amount of credit limit available is restored in full. Moreover, you benefit from grace period for the transactions done the previous months – no interest is paid for the period from the date of booking the transactions until the settlement date.

If you chose to pay by installments, the credit limit of your card will be renewed with the partially repaid amount.

With your MasterCard® revolving card of Ohridska banka, you are free to pay back at your own pace and manage your funds without applying or a loan each time you need to buy something.

Main parameters of MasterCard® revolving credit card of Ohridska banka

Credit limit

- MasterCard Standard® – from 9000 to 180000 МКД
- MasterCard Gold® – from 60000 to 360000 МКД

The individual credit limit depends on the creditworthiness and it is defined based on:

• your net monthly income 
• blocked deposit with maximum maturity of 1 year
• combination of both (income and blocked deposit)
  

• Full repayment
• Partial repayment - 5% of the outstanding, min. 300 MKD. The outstanding includes all transactions made at POS/ATM and all transactional costs during the billing period plus the non paid transactions from the previous periods. Additionally the card holder must pay 100% of the due interests

If you repay the whole amount of your expenses with the card until 15th of the month, you don’t pay any interest. It means max. 45 days non interest grace period.

Example

Let’s take an example if your credit limit is 100000 MKD and this month you buy a washing machine worth 20000 MKD with your credit card and, you have 80000 MKD available credit limit. When you receive your monthly statement, you can decide to pay in full or partially. With 5% minimum installment, you have to pay back to Ohridska banka 1000 MKD. If you decide to pay 20000 MKD, then your credit limit will be fully restored and no interest charged.
You can also repay the used limit at any time as much you can in order to increase the available part. And if you find that your credit limit is too small, you can ask for an increase.

Settlement modes

• With direct debit order from your transactional account
• Deposit in cash

Main advantages

• Credit limit up to 360000 МКД without guarantors, adjusted to your incomes and individual payment capacity;
• Non interest grace period of max. 45 days for all repaid transactions until  15th of the month, for cash withdrawals and for the payments with the card;
• Minimum installment of 5%, not less than 300 MKD
• Automatic renewal of the credit limit with each repayment of the minimum installment  
• Convenient settlement of the installments with direct debit order on your transactional account
• Periodical increase of the credit limit in case of regular repayment of the installment on the card
• Free of charge transactions at POS terminals in the country and abroad
• Possibility for issuance of additional cards to the authorized cardholders within the approved credit limit

What to Know When Using Your Card?

The PIN, which you will receive together with the card, is a security safeguard when using your card.
When you receive the card is necessary to sign the back panel of the card on the respective place for that service. In case of some types of payments of goods and services, PIN code verification is replaced with signature. In that case check the receipt carefully and sign it. The signature on the receipt should be the same as the one on the reverse side of the card.
When you pay goods or services, ordered over phone, fax, Internet or other, you should give your name, card number and term of validity of the card. In case of Internet payments instead of signature is used CVC2 – the last 3 digits on the reverse side of the card.

For security reasons we recommend the following

• Keep your card at usual place, so that you immediately notice if it's missing.
• Keep information for the card number to be able to quote in the event of loss/theft.
• Memorize your PIN or keep it separately from the card, for example in the memory of your GSM
• Do not give the card to other persons to use it.
• Refer to the bank for card replacement in case you have forgotten your PIN.
• In case of loss/theft or suspected fraud, report immediately to:
• Customer Service center on phone +389 46 268 268 within the office hours from 8:00 h tо 20:00 h
• Before your travel abroad takes information about the phone you can use in the country you are planning to visit and keep it separately from the card. MasterCard International offers tall free phones for 24 hours assistance 7 days a week, which you can find on internet address: http://www.mastercard.com/cgi-bin/emergserv.cgi

The Total expense rate is calculated on 26.03. and amounts at 12,15% for a credit limit of 180 000 MKD and 20 months repayment period. The bank keeps all rights for modification of the conditions and for approval of the credit limit and for additional documentation and guarantees. All other expenses related to the card are announced in the Tariff for fees and commissions of the Bank.