International revolving credit card with grace period Visa Gold

Visa Gold Revolving Gold Credit Card is aconvenient and practicalpayment solution with a higher credit limit than standard credit cards. It offers the following advantages:

  • Up to  50 days’ interest-free grace period for debt payment;
  • Convenience to perform contactless payments;
  • Increased security for online payments thanks to Verified by VISA (VbV) secure payment automatic registration;
  • No issuance fee;
  • No reissuance fee when the card expires;
  • No fee for payment of goods and services in Bulgaria and abroad;
  • No fee for online payments;
  • No need for collateral (credit limit without collateral);
  • There is an opportunity for issuing VISA Classic card without survey of income (with pledged financial assets)
  • Free card delivery  to an address specified by you or to the bank offices by a courier company;
  • You can get a secure payment PIN and password via SMS to your mobile phone which ensures even higher security;

VISA Gold is a revolving credit card from a higher class that can be used worldwide for a variety of card transactions. The card gives you the opportunity to make online payments quickly and easily, to shop online, to pay at POS terminals, to withdraw money from any ATM in Bulgaria and abroad and to make online reservations or reservations by email or by phone. BACB International VISA Gold revolving credit card support the contactless payment function. PayWave gives cardholders the opportunity to buy goods and services for small amounts less than 25 BGN without the necessity of introducing a PIN or putting their signature on a POS terminal receipt. The card provides maximum protection from abuse, guaranteed by chip technology. VISA Gold credit cards by BACB offer high level of security for online payments, since they automatically receive a password for online secure payments.

What do you receive?

Symbol of prestige, comfort and secure payments

Advantages

  • Up to 50 days’ interest-free grace period for debt payment;
  • Convenience to perform contactless payments;
  • Possibility for SMS notifications;
  • Option of issuing additional cards to the main one;
  • Higher transaction limits;
  • Increased security for online payments thanks to Verified by VISA (VbV) secure payment automatic registration;
  • No issuance fee;
  • No reissuance fee when the card expires;
  • No fee for payment of goods and services in Bulgaria and abroad;
  • No fee for online payments;
  • No need for collateral (credit limit without collateral);
  • There is an opportunity for issuing VISA Classic card without survey of income (with pledged financial assets).

Who should use it?

Visa Gold is suitable for people who make non-cash card transactions, require higher payment limits and for those who want to have a tool providing them with security and comfort all over the world.

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

Currencies : BGN, EUR, USD

Validity: 3 years

Parameters

  • Credit limit - minimum amount of 5 001 BGN, maximum – 20 000 BGN
  • Up to 50 days interest-free grace period if the entire debt is paid within this period
  • Possibility to subscribe for SMS notifications for each authorization
  • 24-hour service from Borika-Bankservice card center; 
  • Possibility to use own funds exceeding the credit limit;
  • Possibility to issue additional cards for relatives or children above the age of 14.

Necessary documents:

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

If documented income evidence is required:

  • A certificate by the employer, regarding the monthly salary (on Bank’s template);
  • Persons, evidencing income, originating from management and control contracts, who are not the owners/co-owners of the employer company, shall also submit the respective management and control contract;
  • Persons, evidencing income, originating from management and control contracts, who are also the owners/co-owners of the employer company, shall also submit the respective management and control contract, as well as a certified tax return for the latest finished tax period, in order to evidence the profit of the legal entity (company) that 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 Security Procedure Code – for credit limits, exceeding BGN 10 000 (related to the debtor and the owner of the collateral);
  • Deposit/s contract/s with BACB, which shall serve as collaterals of the credit limit (in case of pledges of a financial asset);
  • Other documents, requested by the Bank at its discretion.

Passwords for secure online payments

BACB provides all VISA cardholders with the service for secure online payments through the Verified by VISA program, offering a secure environment for payments on the Internet. All BACB cards are automatically registered in the program. For each transaction made by the cardholder, Borika AD generates and sends via free SMS a different combination of digits that is valid for the particular purchase within 15 minutes.

Entering the password is mandatory for merchants who participate in the Verified by VISA program, but it is important to know that your card will work without a problem even with merchants who are not yet involved in the program.

Credit card debt payoff

Each BACB client may pay off a credit card debt taking advantage of any of the possibilities listed below:

  • Automatic payment of the minimum debt installment or the total amount due from an BACB account (direct debit) 

    BACB offers automatic payment of credit card debt when the client, in the card issuance request, chooses the option to pay the minimum payment installment (MPI) on the payment due date or the total debt as shown on the monthly statement. The client may also subscribe to this service additionally. Automatic payment is initiated each month, on the 5th day of the month, or on the next working day, if the 5th day falls on a non-working day, and the system seeks and respectively pays the difference between the amounts due, as included in the statement, and the amounts paid already between the 15th day of the preceding month and the 5th day of the current month.
  • Payment through the Virtual Bank BACBPlus 

    Credit card debt may be paid via BACBPlus by means of: 
    - "Add money to the card" button in the credit card menu in BACBPlus. The client may choose a MPI, the total debt or a different amount; 
    - Transfer of an optional amount from a client's account with BACB through the filling-in of a payment order. To facilitate the process the client may enter a template, which may only be updated subsequently. 

    Clients may execute transactions in the Virtual Bank BACBPlus on a 24/7 basis with the transactions being accounted for during the working hours of the Bank, or on the first working day thereafter.
  • Transfer from a debit card at an ATM 

    BACB offers an opportunity for payment of credit card debt by means of a debit card transfer at an ATM, connected to the Borika-Bankservce system. Thus clients are able to transfer amounts from their current accounts using their BACB debit card to their credit card. 

    The following options should be chosen consecutively from the home screen:
            "Other services";
            "BPay";
            "Code of the trader" - enter 11000 (this is the code for BACB);
            "Identification number" - enter the whole number of the recipient card;
            Amount - the amount of the installment is entered; 
            The client confirms the payment; 
            Information regarding the result from the payment (successful / unsuccessful) is written on the ATM screen;
            Receipt containing the transaction data is printed out. 

    This service ensures convenience and independence for clients as they are able to pay their credit card debt at any time, throughout the country. BACB records the transactions in the accounting system on the first working day thereafter in accordance with its transaction processing internal rules.
  • Transfers from other banks 

    Payment of credit card debt to BACB may be done by means of transfers from other banks. The client should transfer the MPI or the total amount of the debt to the credit card account by the payment due date. The payment installment should be received by the 5th day of the month or on the next working day, if the 5th day is a non-working day

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- BANKSERVICE helpline of our Customer Service Department is available all year round 24 hours a day!

 

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