Dear customers, according to the decision of the TC (minutes of the TC meeting dated June 08, 2023), the following changes were made to the tariff packages for issuing and servicing elite bank payment cards of JSC "JSCB "CONCORD" from July 08, 2023:
1. Introduction of new items.
1.1. The amount of the monthly payment to be paid monthly in case of using the loan: 5% of the loan balance as of the end of the current month (min UAH 50.00, but not more than the outstanding balance).
1.2. Fee for maintenance of unauthorized debt (exceeding the expenditure limit if the expenditure limit consists of own funds): 0.00001% per annum on the amount of unauthorized debt.
2. Amendments to the current tariffs:
2.1 Before:
Card issuance and account maintenance (monthly fee)
PLATINUM: accrual on the day preceding the last business day of each month *
WORLD ELITE / VISA INFINITE: accrual on the first business day of each month *
Now:
PLATINUM: accrued on the day preceding the last calendar day of each month *
WORLD ELITE / VISA INFINITE: accrued on the first calendar day of each month *
2.2 Before:
Interest rate for the use of the loan (% per annum) after the end of the grace period: repayment of the debt by the last business day of the month following the reporting month.
Now:
Interest rate for the use of the loan (% per annum) after the end of the grace period: repayment of the debt by the last calendar day of the month following the reporting month.
2.3. Before:
Grace period for using a loan (overdraft): The grace period is valid from the date of use of credit funds until the last day of the month following the reporting month inclusive. The preferential rate is charged only if the loan debt, as well as interest and fees, is repaid in full at the end of the reporting month. The repayment shall be made by the last business day of the month following the reporting month inclusive.
Now:
The grace period is valid from the moment the loan debt arises until the last calendar day of the month following the date of the loan debt, provided that the debt is fully repaid (including interest, fees, etc.) by the last day of the grace period.
2.4. Before:
Interest rate for using the loan (overdraft) during the grace period (% per annum) - 0.01%.
Now:
0.00001% per annum
2.5. Before:
Fee for support of overdue/unauthorized total debt (of daily balances, % per month) - 7%.
Now:
Interest rate charged on overdue loan/unauthorized debt (note or 9/10/11) - 7% per month of the amount of overdue/unauthorized debt.
* Guided by the Law of Ukraine "On Consumer Lending", JSC "JSCB "CONCORD" resolved to release the bank's clients from the obligation to pay penalties and ceased to charge an increased interest rate for failure to make monthly payments from March 20, 2020 to the last calendar day of the month (inclusive) following the month in which the quarantine established by the Cabinet of Ministers of Ukraine throughout Ukraine would end. Until the end of the quarantine, the customer will be charged an interest rate for using the loan for failure to make monthly payments.
2.6. Before:
Penalties for breach of loan obligations (of daily balances, % per month) - UAH 10 + 7%
Now:
Liability for breach of loan obligations - 7% per month of the amount of overdue/unauthorized debt + UAH 10.00 per day.
The updated tariffs can be found in the relevant section at the link:
