Security Deposit and Credit Limit
Each Customer is able to open a card account with no collateral as a security deposit (in the event the client does not intend to borrow funds from the bank).
The cards come without credit limit, meaning that you can only spend amount transferred to the card. You can request a credit limit against an extra deposit placed with the bank.
The credit limit can be granted to any card, issued by Rietumu. The decision about the amount of credit limit is taken in each case individually, taking into the consideration the history of cooperation with the bank and financial parameters.
There is no term established within which the spent amount must be reimbursed. It is only necessary to pay for the actually used amount of credit limit, and there is no fee for a delayed payment.
The Bank calculates a credit limit interest on the daily basis for the credit limit amount disbursed (the amount outstanding) as of the end of the day. The interest accrued is withdrawn from the card account at the end of the month.