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Crédito Especial

Crédito Especial

14.4% TAEG

An additional credit line made available by your credit card.

Advantages

Tailor-made purchases

The Special Credit is an additional credit line made available by your credit card that enables you to create your own payment plan and benefit from a preferential interest rate in your most expensive purchases. It is rather simple, all you have to do is select the transaction minimum amount and the payment term and use your card as usual.

14.4% TAEG (Global Annual Effective Rate) and 8.500% TAN (nominal annual rate) for a 1.500 € credit paid over 12 equal monthly repayments, plus interests and expenses.

Always by your side!

The Special Credit remains available in your credit card.

Flexible

You may also transfer to the Special Credit portions of the total balance of the card used in credit transactions provided that the same amounts to 150 or more and the remaining used card account balance, after the transfer, is not inferior to the minimum amount to be paid in the next scheduled payment.

The payment term of each transaction may be altered if the transaction has not yet been included in the card's statement.

Limit is subject to credit risk assessment.

What are the costs

Interest rates:

With a maximum 14.4% TAEG (Global Annual Effective Rate) and 8.500% TAN (Nominal Annual Rate) for a 1.500 € credit paid over 12 equal monthly repayments, plus interests and expenses.

The use of the credit is subject to stamp tax charged at the moment it is used at the following rates:

  • Term shorter than one year - 0.12% for each month or fraction (Stamp Tax General Table, article 17.2.1);
  • Term equal to one year or more (up to five years) - 1.5% (Stamp Tax General Table, article 17.2.2).

Subscription fee

Free of charge

Fee on the alteration of the payment term

Free of charge

Early redemption fee (*):

  • 0.5% of the amount of capital redeemed early if the period of time elapsed between the date of the early redemption and the date when the payment plan ends exceeds 1 year.
  • 0.25% of the amount of capital redeemed early if the period of time elapsed between the date of the early redemption and the date when the payment plan ends is 1 year or less.

(*) Stamp tax is de at the rate of 4% (Stamp Tax General Table, article 17.3.1).

Please see our Price list to get more information on the Special Credit.

Limit is subject to credit risk assessment.

Features

The Special Credit is an additional credit facility of your credit card that enables you to repay your transactions in fixed amounts, at a rate lower than the one of the credit card.

If you subscribe the Special Credit, you will have two different credit limits in the same card:

  • Credit Card Limit for your daily purchases with monthly payments from 3% and 100% of the outstanding balance or fixed amount (in accordance with the card's payment options) with the application of the card interest rate when the payment is other than 100%.
  • Special Credit Limit (14.4% TAEG) for transactions involving an amount above the defined minimum, paid in fixed instalments with a preferential interest rate and a pre-defined payment schedule.

You may select the minimum amount from which you intend your credit transactions to be paid by using the Special Credit as well the payment term, by choosing one of the following options:

Minimum Value of Transaction Term (months)
150 € 3
250 € 6, 12
500 € 6, 12, 24
1,000 € 6, 12, 24,36

14.4% TAEG (Global Annual Effective Rate) and 8.500% TAN (Nominal Annual Rate) for a 1.500 € credit paid over 12 equal monthly repayments, plus interests and expenses.

All credit transactions showing an amount above the minimum defined are automatically considered as using the Special Credit.
You may also transfer portions of the total balance of the card used in credit transactions to the Special Credit provided that the same amounts to 150 € or more and the remaining unpaid card account balance, after the transfer, is not inferior to the minimum amount to be paid in the next scheduled payment.
For each Special Credit transaction made you will received a detailed payment plan.
The Special Credit transactions may be transferred to the Card's credit limit until the date the card's statement is issued (except transactions made on the statement's closing date) being paid in accordance with the payment option of the card account.

The maximum number of transactions recorded and outstanding at each moment is 20.

Alteration of the Payment Date

In each Special Credit transaction and until the first instalment payment is processed, i.e. until the card statement's closing date, you may alter the payment term in accordance with the number of months available for the amount in question.

Minimum Value of Transaction Term (months)
150 € a 249,99 € 3
250 € a 499,99 € 3, 6, 12
500 € a 999,99 € 3, 6, 12, 24
>= 1.000 € 3, 6, 12, 24, 36

The transactions made on the card statement's closing date do not allow alterations of the payment date.

Consult the Pricing to know the costs associated with this operation.

How to apply

The Special Credit may be associated to the following credit cards:

Millenium bcp GO!, Millennium bcp Classic, Millennium bcp Gold, Millennium bcp Platinum e Prestige Security.

If you wish to subscribe, we suggest you:

  • Select the card to which you want to associate the Special Credit;
  • Read in detail and confirm that you have read and accepted the General Conditions and the Normalized Information Sheet and confirm the request.

Approval is subject to credit risk assessment.

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