American Express Blue

Payment in instalments with no interest and deferred payment of up to 45 days

American Express credit card can be used for payment of goods and services as well as cash withdrawal in the country and abroad, at any and all locations bearing the American Express logo.

It allows the use of several flexible payment options while providing many other benefits, including longer term of deferred payment without interest and Selects rewards program consisting of numerous discounts and benefits worldwide.

It is accepted at more than 20,000 sales outlets throughout Serbia, and the number of retailers that join our acceptance network increases each and every day.

More informations on: https://www.americanexpress.com/serbia/en/homepage.shtml

  • Benefits
  • American Express Blue
  • Representative example
This credit card provides:

  • PAYMENT IN INSTALLMENTS WITHOUT INTEREST in more than 5,000 stores across the country with which the bank has a business cooperation agreement. The total amount of the transaction is divided into equal monthly instalments, and as such is completely interest-free. The number of instalments is agreed upon with the retailer (with a maximum of 12). The first instalment is due for payment in full immediately with your next monthly statement. All subsequent instalments are due in full via the statements in the coming months, depending on the number of instalments, and are entirely interest-free.
  • DEFERRED PAYMENT WITHOUT INTEREST UP TO 45 DAYS at any retail outlet in the country and abroad.
  • REVOLVING CREDIT allows you to settle the minimum monthly commitment fee in the sum amount of 5% of the remaining debt, accrued interest, fees and other charges, while the interest rate is calculated on the remaining amount of debt. The minimum amount of 5% is calculated on purchase transactions at retail locations and ATM cash withdrawals, while the membership fee, interest, other fees, instalments, and charges for cash withdrawals at ATMs are charged in full on a monthly invoice. A fixed interest rate in the amount of 18.43% per annum is calculated on the amount of debt in dinars (Effective Interest Rate on an annual basis from 19.18%), while a fixed interest rate in the amount of 12.60% per annum is calculated on the amount of debt in euros (Effective Interest Rate on an annual basis from 13.33%). Interest rate is calculated by using a compound interest method. Domestic expenditure is calculated in dinars, while expenditure made abroad is calculated in euros. The deadline for the settlement of the minimum monthly commitment falls on the 15th of the month. Commitments can be settled via Banca Intesa On-line service, Intesa Mobi service, standing order, payment in person at the Banca Intesa or terminals of other banks as well as the Post Office. If you prefer, you can pay an amount that is greater than the minimum monthly commitment or pay the total amount of liabilities.


Example of the minimum monthly commitment calculation:

TransactionAmount in RSD
1. Purchase at the POS terminal10.000,00
2. Cash withdrawal at the ATM5.000,00
3. Purchase in instalments (6,000 in 3 instalments)2.000,00
4. Membership fee
150,00
5. Cash withdrawal commission150,00
6. Interest300,00
Total debt
17.600,00
Monthly commitment (5% to items 1+2) +(3+4+5+6)3.350,50


Type of loan

Revolving credit card – American Exspress Blue

Currency in which the limit is approved

EUR

Criteria for indexing

Dinar equivalent per NBS average exchange rate on the funds withdrawal date

The loan amount

100 – 5000 EUR

The repayment period

36 months

Deposit

No deposit

Interest rate

  • 18.43% on an annual level for consumption in RSD, fixed
  • 12.60% on an annual level for consumption in EUR, fixed

Effective interest rate on an annual basis

  • 19.18% for consumption in RSD *
  • 13.33% for consumption in EUR *
    * Except in case of significant changes of the dinar exchange rate, when it may be even lower

Security instruments

2 bill of exchange

Costs which are borne by the user, are known at the time of publication and are included in the calculation of the effective interest rate

Annual membership fee

1.800 RSD

2 bills of exchange

Credit Bureau report

100 RSD

246 RSD

Type of loanRevolving credit card – American Blue Express
Loan currencyEUR
Criteria for indexingDinar equivalent per NBS average exchange rate
The loan amount5.000 EUR
Deposit/
The repayment period36 months
First Instalment Amount *

28.149,48 RSD
if the entire limit is spent in RSD

250 EUR and 150,00 RSD
if the entire limit is spent in EUR
Interest rate
(on an annual basis)
  • 18.43% for consumption in RSD, fixed
  • 12.60% for consumption in EUR, fixed
Effective interest rate on an annual basis
  • 19.18% for consumption in RSD
  • 13.33% for consumption in EUR
Costs which are borne by the user, are known at the time of publication and are included in the calculation of the effective interest rate
Annual membership fee1.800 RSD
Credit Bureau report246 RSD
2 bills of exchange100 RSD
(*) the amount of the first revolving instalment is 5% of the realized expenditure in the first accounting period and therefore does not include interest (interest for the first accounting period is not calculated), while each following revolving instalment represents the sum of 5% of the remaining debt (minimum 100 RSD / 5 EUR), the total amount of accrued interest, related fees and the amount of due instalment in case of payment in instalments. Each instalment that is related to a purchase in instalments is due for payment in full starting from the first accounting period upon the completion of the purchase, and enters into the minimum monthly obligation for payment, while the revolving interest is not calculated on it.
You can receive other calculations with this product in any of our Bank's branches.
Discover the world of privileges, discounts and benefits that American Express chooses for you. Selects program can be used around the world on several thousand sale points: in restaurants, hotels, spas, car rentals and travel agencies around the world.

A detailed list of offers can be viewed on the following website http://www.amexnetwork.com/selects

Annual membership fee for American Express Blue credit card is 1.800 dinars for the basic card and 900 dinars for each additional card and is paid in 12 monthly instalments. Other fees related to this card can be found on the website of Banca Intesa within the tariff booklet.


Required documents