Comparison of MC Standard and Nordea Credit terms and conditions
Nordea has revised its range of credit cards and MasterCard Standard credit card is no longer offered by Nordea. We offer customers who use MC Standard credit card the new Nordea Credit card after the validity period of the current card expires.
We have highlighted the main differences between the two credit cards here:
|MasterCard Standard (no longer issued)||Nordea Credit|
|Credit limit||Separate limit for main and additional card; New limit opened automatically at the beginning of the month.||Shared limit for main and additional card. Free limit opens up on account of reimbursement.|
|Possibility to transfer own funds onto the card||No||Yes|
|Possibility to deposit cash in ATM||No||Yes|
|Repayment date||20th date||Customer can choose repayment date between 5th and 15th of the month.|
|Repayment sum||100%||Customer can choose repayment amount in share of 10-100% of the used limit.|
|ATM transactions at Nordea ATMs in Estonia||Free. Debited from settlement account.||Service fee 1.95 € + 2.5% of the sum. Debited from credit limit.|
|ATM transactions at Nordea ATMs abroad||Free. Debited from settlement account.||Service fee 1.95 € + 2.5% of the sum. Debited from credit limit.|
|ATM transactions at other banks` ATMs in Estonia||Service fee 1.3 €. Debited from settlement account.||Service fee 1.95 € + 2.5% of the sum. Debited from credit limit.|
|ATM transactions at other banks` ATMs abroad||Service fee 1.95 € + 2.5% of the sum. Debited from credit limit.||Service fee 1.95 € + 2.5% of the sum. Debited from credit limit.|
|Purchase protection insurance||No||Yes|
|Permanent fees||Annual fee: 30 €||Monthly fee: 1.40 €|
|Exemption from monthly fee||No||Yes, if the purchase sum is at least 400 € a month|
|Interest||As repayment was 100%, then there was no interest. If the invoice was not paid, then consumer credit fine for delay pursuant to legislation was applied.||20% on unpaid share starting from the payment date of the month following the transaction.|
For more information regarding Nordea Credit credit card terms and conditions, go to: www.nordea.ee/nordeacrediten
Read Nordea Credit credit card terms and conditions and if necessary, consult a bank employee!
You can find the entire card range on the bank`s homepage: www.nordea.ee/66692.html
If you have additional questions, please contact Customer Support by writing to firstname.lastname@example.org or calling 1772* / +372 628 3300.
Nordea Credit credit card annual percentage rate of charge is 26.45% at the following model conditions: credit limit 500 €, the total sum of payments made to repay credit and cover the total cost of credit is 574.48 €, unfixed interest 20% a year and monthly fee 1.4 €. The rate has been calculated on the presumption that the credit limit is applied without delay and in full and is repaid in 12 equal contributions at equal intervals, starting from one month after the credit limit is utilized.