OREANDA-NEWS. June 01, 2007. Starting from June 1 of this year, Bank Respublika has simplified the terms of issuing credit cards and increased the amount of interest-free line of credit with cards, reported the press-centre of  Bank Respublika.

As in the past, Bank Respublika issues cards with line of credit to the employees of various companies and organizations upon a letter from their companies without collateral and guarantee.

Unlike the previous requirement, the applicant is required to be employed for 6 months in his/her current job in order to receive a card with line of credit. The requirement for the applicant’s salary has not changed – it is 200 manats without taxes.

The employees of companies and organizations may get line of credit with cards up to double amount of their salary, while top management may get line of credit with cards up to triple amount of their salary. The minimum amount of line of credit with cards on this program may be AZN/USD/EUR 200 with maximum amount of AZN/ USD/EUR 5000.

The Bank has increased the amount of interest-free line of credit with cards up to 35 days: Up to AZN/ USD/EUR 3 000 for MasterCard Standard and VISA Classic, AZN/ USD/EUR 5 000 for MasterCard Gold and VISA Gold, AZN / USD / EUR 10 000 for MasterCard Platinum and VISA Platinum.

Bank Respublika issues cards with line of credit on other programs as well: this amount for the Bank’s depositors is up to 80% of their deposit, for auto and business credit clients is two-fold amount of their monthly payment after 6 months positive credit history.

Other terms for issuing and use of line of credit with cards remain unchanged.