ZAGREB, May 13 (Hina) - The company PBZ American Express, which is part of the Privredna Banka Zagreb (PBZ) group, last Tuesday presented its first American Express revolving credit card. The owners of this card will be able to make
repayments at the pace they themselves chose, said the chairwoman of the PBZ Management Board, Nina Oberiter-Gluhak. The card is used as other credit cards, to the amount of the granted revolving credit, without a previously set repayment deadline. The owner of the card decides on his own whether to repay the minimum obligatory amount of five percent of his bank balance per month, a higher percentage, or the entire amount. Every user is immediately granted his personal credit limit, the minimum amount being 800 euros. In case the used credit is not repaid entirely right away, the bank calculates a monthly interest rate of 1.5 percent on the remaining credit. The debt, the
ZAGREB, May 13 (Hina) - The company PBZ American Express, which is
part of the Privredna Banka Zagreb (PBZ) group, last Tuesday
presented its first American Express revolving credit card.
The owners of this card will be able to make repayments at the pace
they themselves chose, said the chairwoman of the PBZ Management
Board, Nina Oberiter-Gluhak. The card is used as other credit
cards, to the amount of the granted revolving credit, without a
previously set repayment deadline. The owner of the card decides on
his own whether to repay the minimum obligatory amount of five
percent of his bank balance per month, a higher percentage, or the
entire amount. Every user is immediately granted his personal
credit limit, the minimum amount being 800 euros. In case the used
credit is not repaid entirely right away, the bank calculates a
monthly interest rate of 1.5 percent on the remaining credit. The
debt, the bank says, can be repaid for months and years.
The revolving card will be issued and used under the same terms as
other American Express cards. According to Oberiter Gluhak, it will
be possible to use the new credit card at some 30,000 outlets in
Croatia, several million outlets in the world and all automatic
tellers which accept other American Express cards.
(hina) rml