Deferred payment with no interest for Holiday Shopping Season
Banca Intesa launched a big holiday season campaign with shall last till January 15, 2009, to enable all its MasterdCard and Visa credit card holders extended deferred payment up to 70 days and free of interest. Namely, these card holders will be charged for liabilities made during December only starting February 10, while liabilities under the credit cards to be made in the first fifteen days of a new year, shall start only as of March 10. Also, for this period, Banca Intesa cancelled fees for withdrawing cash using credit cards on all its ATM. That means that all holders of MasterCard and Visa credit cards of Banca Intesa will be able to have quickly and simply cash-in-hand by means of the fastest cash loan under the principle of revolving loan, at all ATMs, with no fees charged, having to pay the minimum of 5% of debt on a monthly basis. ‘Taking into consideration aggregated economic circumstances we believe this will serve as additional facility to enable our citizens to prepare for holidays this year as well, and to repay charges with a delay. It will enable our citizens to be more flexible in paying for costs, i.e. to enjoy holiday shopping knowing that they do not need to burden their budget with heavy expenditures all at once. Additionally, as this time of year often requires bigger amounts of cash we have decided to meet the needs of our clients by canceling fees for withdrawing money using credit cards at all our ATMs“, said Ms. Danijela Tomašević, head of Retail Department.