MUST Card
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MUST is always appropriate
Nordea MUST MasterCard is an international MasterCard credit card which comes with all the good characteristics of a credit card, plus a number of additional options and huge flexibility. Conform the card to your changing needs––make it either a fixed-payment or a revolving credit card and change the monthly repayment whenever you need! The card provides the longest interest-free payment term of up to 54 days, plus travel insurance!
How does it work?
When applying for the card, you need to set the mandatory monthly repayment (10-100%) and the payment date (day 5-24).
Any transaction made during the month is subject to repayment on the payment date of the following month at least in the extent of the mandatory repayment. Interest will be calculated from the payment date on the part of the transaction amount which was not repaid by the payment date. No interest will be charged, if you pay for all transactions by the payment date.
You have the option of exploiting the longest––up to 54-day––interest-free payment term on the market, regardless of whether you choose to postpone the payment, or make the payment immediately!
A change in needs and means requires a change of card
The mandatory monthly repayment and the payment date can be freely chosen when applying for the card. At the same time, Nordea MUST leaves you with the option of flexibly changing these parameters to best suit your needs and means. You can thus, for instance, set a 50% repayment, obliging to pay for a half of the transactions by the payment date interest-free, and postpone payment for the remaining part of the transactions. However, if your needs require and means allow for a bigger or full repayment, you only need to change the repayment, with your next repayment recalculated accordingly. You also have the option of making repayments to the card account at any time and in any amount.
The card has a min credit limit of 250 EUR (3 911.65 EEK). The credit limit is the total limit, with the corresponding limit opening for use upon its repayment on each payment date.
Convenient repayment with a direct debiting order from your current account
Nordea MUST MasterCard works best with a Nordea Bank account or a direct debiting order from your current account at any bank in Estonia. You also have the option of making repayments to your card account at any time, thus increasing the funds available on the card account.
Registration of a direct debiting order for credit card repayment will allow the monthly mandatory repayment to be debited from your current account on the payment date, without having to make a separate transfer to the card account.
Should you so desire, we will register the direct debiting order upon card issue. You can also register the order yourself. The direct debiting order is free of charge.
Should you opt not to register a direct debiting order, we kindly ask you to issue a payment order in the amount of the monthly mandatory repayment on the payment date at the latest. The bank will not debit your card account without a direct debiting order.
Clear overview of card transactions
The credit card invoice will be presented on the last working day of each calendar month. We kindly ask you to pay the invoice at least in the amount of the monthly mandatory repayment by the payment date of the following month. The credit card invoice is posted to the Nordea Internet bank. You also have the option of ordering a hard copy of the invoice to your postal address.
Upon opening a bank account at Nordea Bank, you are provided access to the Internet bank––the most convenient channel for getting an overview of the card transactions made, invoices presented, and any debts incurred. The Internet bank service allows to choose between a monthly fee or a payment-based price package.
Happy travels with the credit card–travel insurance is included!
Nordea MUST MasterCard is also a reliable companion far from home–the card comes with travel insurance!
Travel insurance provides trip cancellation, loss or theft of baggage and medical coverage.
To qualify for travel insurance, you need to use the Nordea MUST card for paying for at least 50% of the trip expenses.
General terms and conditions for issue of credit cards
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Applicant must be at least 18 years of age.
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Regular income must be at least 400 EUR a month.
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Perfect payment history.
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If your home bank is not Nordea Bank, we request a statement of account activity for the last six months in order to verify your income.
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You may be asked to present additional identification.
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