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Credit card with fixed payment

Credit card with fixed payment

Extra cash for bigger purchases

  • Regular repayment
  • Additional contributions possible
  • Special interest of 16% for users of Super+, 60+, Senior or Family Plan

A credit card with fixed payment combines the best features of credit cards with voluntary and predetermined payments and is ideal for making bigger purchases. In this way, you can be sure that whenever you incur unplanned expenditures, you will always have extra cash.

Advantages

A credit card with fixed payments is ideal for making bigger purchases in Estonia and in abroad.

  • Repayment occurs once a month, pursuant to agreed date and amount
  • You can make additional deposits to the card, increasing thereby the card’s purchase power.
  • Annual interest is 18% on the used amount of credit. We begin the interest calculation when you start using the card.
  • The interest for the users of Super+, 60+, Senior or Family Plan is 16%.
  • Card is issued free of charge (except for Picture card)
  • The card has no monthly maintenance fee
  • You may buy also travel insurance with the card Read about travel insurance
  • Starting from 21.03.2013, MasterCard payments in Internet stores are safer than before.
    Get acquainted with the new service “Secure online purchases”.

Conditions

Credit limit

  • Minimum credit limit is EUR 200
  • If your monthly net income exceeds EUR 640, the maximum limit will be twice your monthly net income
  • If your monthly net income is 320-640, the maximum limit will be your one month net income

User limit

  • Minimum user limit of the card is EUR 0
  • Maximum user limit of the card is EUR 6500.
  • The user limit determines the amount, within which it is possible to carry out transactions with the specific card in a calendar month User limit may be higher than credit limit, however not more than EUR 6500.

Repayment

  • Repayments of a fixed-payment credit card are made in fixed repayments on a specific date. Additionally, you can make payments to your account in order to speed up the repayment of the exhausted credit limit.
  • You can choose a suitable payment date between 5th and 15th of the month
  • Interest calculation will begin when you start using the card.

Limit of mandatory repayment

  • If your monthly net income exceeds EUR 640, the maximum mandatory repayment limit will be your one month net income
  • If your monthly net income is EUR 320-639, the maximum mandatory repayment limit will be half of your one month net income
  • Minimum amount of mandatory repayment is 1/24 of credit limit

Other conditions

  • Card is issued free of charge and has no monthly maintenance fee
  • A fee is applied to cash withdrawal from an ATM
  • You can make additional deposits to the card, increasing thereby the card’s purchase power.
  • Upon expiry of the three-year term of the card, we shall automatically prepare you a new card and inform you in a letter of the branch where the card is sent. You may also order the card home by post, in which case the card must be activated in Internet Bank after receiving it.

Read more about sending the card home by post
Terms and conditions of agreement for credit card with standing payment

Annual percentage rate as a typical example

The annual percentage rate of a charge of a credit card with fixed payment is 20.64% under the following sample conditions:

  • the credit limit EUR 1000 is immediately fully taken into use;
  • monthly fee of current account EUR 0.30;
  • fixed interest rate* 18% p/a on the used credit amount;
  • repayment within 2 years in 24 equal monthly instalments, monthly payment of EUR 41.67, to which a monthly interest payment is added in amount up to EUR 15.50.

The total amount payable by the client is EUR 1197.60.
* Interest rate depends on the applicable benefits (e.g. with an SEB Plan, the lower interest rate of the respective plan is applied).


The annual percentage rate of charge of a credit card with fixed payment (Picture Card) is 21.05% under the following sample conditions:

  • the credit limit EUR 1000 is immediately fully taken into use;
  • card issue fee EUR 3.20;
  • monthly fee of current account EUR 0.30;
  • fixed interest rate* 18% p/a on the used credit amount;
  • repayment within 2 years in 24 equal monthly instalments, monthly payment of EUR 41.67, to which a monthly interest payment is added in amount up to EUR 15.50.

The total amount payable by the client is EUR 1200.80.
* Interest rate depends on the applicable benefits (e.g. with an SEB Plan, the lower interest rate of the respective plan is applied).

Application

Requirements to applicants

  • You can apply for the card if you are at least 18 years of age
  • Your monthly net income, i.e. income, from which the taxes and other monthly repayment obligations (e.g. loans and leases) have been deducted, is at least EUR 320
  • If your salary has not been received in SEB for the last 6 months, you need to present an account statement for the last 6 months of the bank where the salary was received so far. In addition, please submit a confirmation of your employer, that from now on your salary will be transferred to SEB.

Application

To order a credit card with fixed payments, fill in the application on our webpage, in Internet Bank or at your nearest SEB branch.

We shall send the answer to your application in a few days. In case of a positive answer, we shall inform you of the day, when you can pick up the card.

Calculator

Price list

Private individual  
1. VISA Classic credit card, MC Standard credit card and MercedesCard (1)  
issue (with the cover of Emergency service; incl. prolongation) free of charge
monthly fee EUR 1.60
replacement card, additional card free of charge
2. MC Gold credit card and VISA Gold credit card (2)  
issue (with the cover of Emergency service; incl. prolongation) free of charge
monthly fee EUR 3.20
replacement card, additional card free of charge
3. MasterCard Platinum (with Priority Pass service and travel insurance Gold)  
issue (with the cover of Emergency service, incl. prolongation) EUR 19.17
monthly fee EUR 8.95
replacement card EUR 6.39
additional card EUR 19.17
4. Credit card with fixed payment (MC Standard)  
issue (incl. prolongation) free of charge
monthly fee free of charge
replacement card, additional card free of charge
5. MasterCard World Elite (with Priority Pass service and travel insurance World Elite)  
issue (with the cover of Emergency service, incl. prolongation) EUR 35
monthly fee EUR 35
replacement card EUR 15
additional card EUR 35
6. PILDIKAART credit card EUR 35
issue (with the cover of Emergency service; incl. prolongation) EUR 3.20
monthly fee EUR 1.60
replacement card, additional card (issue) EUR 3.20
7. PILDIKAART with fixed payment  
issue (with the cover of Emergency service; incl. prolongation) EUR 3.20
monthly fee free of charge
replacement card, additional card (issue) EUR 3.20
8. Card finder's reward/refund for card confiscation and/or Emergency Service user charge in case there is no Emergency Service insurance actual expenses, up to EUR 130
Legal entity  
1. MC Business credit card, VISA Business credit card (3) and MC Standard credit card (3)  
issue (with the cover of Emergency service; incl. prolongation) free of charge
monthly fee EUR 1.92
replacement card, additional card free of charge
2. PILDIKAART credit card  
issue (with the cover of Emergency service; incl. prolongation) EUR 3.20
monthly fee EUR 1.92
replacement card, additional card EUR 3.20
3. MC Gold credit card and VISA Gold credit card (2)  
issue (with the cover of Emergency service; incl. prolongation) free of charge
monthly fee EUR 4.79
replacement card, additional card (issue) free of charge
4. MasterCard Platinum (with Priority Pass service and travel insurance Gold)  
issue (with the cover of Emergency service, incl. prolongation) EUR 19.17
monthly fee EUR 8.95
replacement card EUR 6.39
additional card EUR 19.17

(1) Starting from 19.03.2014 it will not be possible to order MercedesCard credit cards.
(2) Starting from 10.03.2014 it will not be possible to order VISA Gold credit cards for private and legal persons.
(3) Starting from 10.03.2014 it will not be possible to order VISA Business and MC Standard credit cards for legal persons.

General transaction and service fees  
1. Approval of loan limit free of charge
2. Annual interest of used loan 18%
3. Credit card with fixed payment (MC Standard, PILDIKAART)  
interest on used credit 18% per year
4. Approval/extension of credit limit free of charge
5. Security deposit interest rate one-month term deposit
6. Agreement amendment  
loan limit change free of charge
credit limit change EUR 10
permanent change of monthly limit  
           over the counter, phone banking operator service EUR 3.20
           internet-bank free of charge
7. Temporary card´s limit increase 1,5% of additional limit, min. EUR 8
8. Regular statement  

by e-mail

free of charge

by post in Estonia

EUR 0.4 per page, min EUR 4

by post outside Estonia

EUR 0.4 per page, min EUR 10
9. Single statement over the counter  
for up to last 10 years EUR 4
10. Balance inquiry (balance; last transactions)  
from SEB Estonia and SEB ATM's free of charge
from other bank's ATM EUR 0.32 / per inquiry
11. Clearing settlement  
MC Standard/Business/Gold/Platinum/World Elite; Credit card with standing payment; VISA Classic/Business/Gold free of charge
12. Cash withdrawal from cash machine or bank office (incl. abroad)  
MC Standard/Business/Gold/Platinum/World Elite; Credit card with standing payment; VISA Classic/Business/Gold EUR 2 + 2,5% of the withdrawn amount
13. Conversion rates for transaction in foreign currency  
transaction original currency is other (excl. EUR) 1% of the transaction amount
14. Blocking of card by bank free of charge
15. Debt claim letter of credit card EUR 5
16. Debt claim letter of fixed payment credit card EUR 5
17. Contractual penalty for use of blocked card, breach of limit or amounts not paid in time EUR 65
18. Duplicate of POS receipt  
domestic transaction EUR 4
cross-border transaction EUR 8
19. Unjustified demand for refund  
domestic transaction EUR 12
cross-border transaction EUR 16
20. Preparation of express bank cards EUR 40
21. Sending a card by  
registered mail (Estonia and foreign countries) EUR 2,50
mail (Estonia and foreign countries) free of charge
22. Using Priority Pass service EUR 27 per using
23. Travel insurance Gold (for VISA Gold credit card and MC Gold credit card holders) EUR 44.48
24. Travel insurance Credit EUR 63.66
24. Travel insurance Child EUR 19

 

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