Deferred Payment (“Revolving”) method
With this method you defer repayment of the credit used by paying regular instalments which may consists of a fixed amount or a percentage of the debt each month. The minimum monthly instalment is the 3% of the credit balance drawn with a minimum amount of €30.00.
Provided you pay the minimum established in the contract (3.00% of the balance drawn with a minimum instalment of €30.00), you can choose the amount you want to pay and change it whenever you want.
The agreed interest rate is applied to the principal drawn down. See "Annual Nominal Interest Rate".
The part of the monthly instalment used to repay the principal replenishes your credit limit, so it is basically like a loan that is renewed on each settlement.
With this payment method, in January of the following year you will receive 2% cashback on purchases made provided you meet the necessary requirements set out in your card contract.
You can change the payment method after activating your card at any time as long as you notify us five (5) days before the end of the settlement month through the Bankinter website or app, by calling Telephone Banking on 91 657 88 00 or by visiting a branch.
End of month payment method
With this payment method, purchases and withdrawals made before the end of the settlement period must be paid, without interest (0.00% A.P.R.), on the date stated in your card contract.