VISA Classic revolving credit card is a convenient and cost-effective payment instrument

Benefits

  • 50 days grace period for interest-free debt payment
  • Contactless payments
  • Greater security for online payments thanks to Verified by VISA (VbV) secure payment automatic registration
  • No issuance fee
  • No reissuance fee upon card expiry
  • No fee for payment of goods and services in Bulgaria and abroad
  • No fee for online payments
  • No collateral (credit limit without collateral)
  • No solvency assessment for issuing VISA Classic card (pledge of financial assets)
  • Optional SMS notifications for each authorization
  • Free card delivery to your address or to a BACB office
  • Optional SMS with secure payment PIN and password for even greater security
  • Secure and convenient use of own funds, added to the credit limit

VISA Classic is a revolving credit card, with a credit limit provided by BACB. This card allows you to make online payments fast and easy, to shop at POS terminals in Bulgaria and around the world, and to make online reservations via e-mail or phone. BACB International VISA Classic revolving credit card supports the contactless payment function (PayWave). PayWave allows cardholders to purchase goods and services for less than 100 BGN without a PIN or a signature on a POS terminal receipt. The card provides maximum protection against abuse, guaranteed by chip technology. BACB VISA Classic credit cards offer high level of security for online payments, since BACB cards automatically receive a password for secure online payments.

Who is it suitable for

VISA Classic is suitable for everyone who wants to use it as a universal payment instrument and for those who want to benefit from the interest-free 50-day grace period.

Currency : 

BGN, EUR, USD

Validity : 

3 years

Parameters:

  • Credit limit – from 500 BGN to 5000 BGN
  • Up to 50 days’ interest-free grace period if the entire debt is paid within this period
  • Optional SMS notifications for each authorization
  • Possibility to use own funds exceeding the credit limit
  • Possibility to issue additional cards for relatives or children above the age of 14
  • 24-hour service from BORICA card center

Necessary documents

  • A request for issuing a credit card to natural persons
  • Card-holder’s ID card (in case of application at a branch at BACB branch office)
  • Qualified Electronic Signature (in case of online application)

If documented proof of income is required:

  • A certificate by the employer, indicating the cardholder’s monthly salary (on Bank’s template)
  • Persons, who assume management positions, yet are not owners/co-owners of their employer companies, must submit their management contracts to serve as proof of income
  • Persons, who assume management positions and are owners/co-owners of their employer companies, must submit their management contract along with the latest certified tax return to serve as proof of profit of the company they manage / represent
  • In case of non-employment income – a copy of the tax return, service contracts, management contracts, contracts, evidencing rental income, etc.
  • A certificate, under art. 87, para. 6 of the Tax and Social Insurance Procedure Code – for credit limits, exceeding 10 000 BGN (related to the debtor and the owner of the collateral)
  • BACB Deposit/s contract/s, which shall serve as collaterals of the credit limit (in case of pledges of a financial asset)
  • Other documents, requested by BACB at its discretion

More secure online card payments with Visa Secure

BACB provides service to all VISA cardholders for secure online card payments with two factor authentication. It represents a combination of dynamic and static passwords, which the cardholder inputs for confirmation of card operations online. The dynamic password is one-time unique 6-digits code, generated by BORICA AD and sent by free of charge SMS delivered to a registered mobile phone. The static password is created by the cardholder on a special web page, provided by BORICA and is used together with the dynamic password for confirmation of online card transactions to internet merchants participating in Visa Secure programs.
For static password change, please, follow the link.

Useful information

If your card is lost or stolen, please call+359 2 9702600 ; +359 2 8705149 to immediately block the card.
The service is accessible 24 hours a day. BORICA helpline of our Customer Service Department is available all year round 24 hours a day!

 

Paying off credit card debt

Each BACB client may pay off their credit card debt by one of the folllowing means

  • Automatically transfer funds from another BACB account to partially or fully cover the debt (direct debit). BACB enables automatic payoff of credit card debt, whereby the client defines upon issuance of the card whether they would like the minimum monthly payment or the entire debt repaid on the due date. Subscription to this service may also be requested separately
  • The automatic payoff is initiated on the 5th day of each month (or the first working day thereafter, if the 5th is a non-working day). The system identifies the difference between the amounts due, as indicated in the monthly account statement, and the ones that had already been repaid since the 15th day of the preceding month
  • Through BACB Online/BACB Mobile
    - Clients may pay off their credit card debt through BACB Online/BACB Mobile by choosing 'Repayment of credit card' under 'Card' menu and selecting the amount to be repaid (the minimum monthly payment, the entire debt or another amount)
    - Transfer of a chosen amount from a BACB account by a payment order. The client may set a template that would only need an update before each transfer

    BACB Online/BACB Mobile is at clients' disposal 24/7. Operations are accounted for within the business hours or on the first working day thereafter
  • Transfer from a debit card at an ATM
    BACB clients may pay off their credit card debts by transfering funds from their debit card at any ATM machine, serviced by BORICA in Bulgaria. This option enables clients to transfer funds to their credit card from their payment account with a BACB debit card.
    To perform the transfer on an ATM machine, clients need to follow these steps:
            "Other services"
            "BPay"
            "Code of the trader" - enter 11000 (BACB code)
            "Identification number" - insert the number of the receiving card
            Amount - the amount of the payment
            Confirmation of payment
            The screen will inform you about the result of the transaction (successful / unsuccessful)
            Receipt of the transaction

    This service provides convenience and flexibility in paying off credit card debt at any time and location within the country. BACB accounts for operations on the first working day upon their order, according to BACB guidelines for transaction handling
  • Transfers from a different bank
    BACB credit card debt payoff may be done by a transfer from another bank. The client must transfer the minimum monthly payment or the entire sum to their credit card by the due date. The payoff funds must be available by the 5th day of the month or the first working day thereafter, if the 5th is a non-working day