Advantages
The Travel Mate Business Card is the right card for companies and entrepreneurs that have business ties with China.
UNIVERSALITY
The Millennium bcp Travel Mate Business card allows you to make purchases and cash advances in Portugal and the rest of the world, by using the Multibanco and UnionPay networks. Not only this but your card is the only one universally accepted in China.
Equipped with contactless technology allowing payments to be made quickly and securely at terminals that present this option.
PAYMENT OF BILLS ON CREDIT
Pay the current expenses of your business with the Millennium bcp Travel Mate Business card through an interest-free credit period, which can go from 20 to 50 days.
Possibility to partially pay the outstanding balance of your card by choosing: 3%, 15%, 25% or 50%, with a minimum of € 10.
Insurance and Assistance
The Travel Mate Business card comes with a set of insurances and services, that allow you to travel in a safe and convenient way.
Please read the Insurance and Assistance Guide.
Costs
Credit card fees:
Annual Fee: € 80 per card charged annually (plus stamp duty).
Exemption from the Annual Fee for two cards while subscribing to Frequent Business Client or Digital Business Client.
On cards with purchases of more than € 2,400 per year, on the UnionPay Network, the annual fee will be returned.
Interest rates:
TAE (annual effective interest rate) of 19.652% and TAN (annual nominal rate) of 16.000% for a credit limit of € 2,500 paid over 12 monthly payments of interests and repayment of the principal in the last instalment, considering an annual fee € 80.
Annual Effective Rate estimated in accordance with the provisos of Decree-Law 220/94 of 23 August and rounded to three decimal places.
Detailed information available in the pricing in force (consult chapter 20. Credit Operations).
Features
Statements
Describing the charges made from day 1 to 30/31of each month, the following statements are available:
Consolidated Statement - Sent to the Company, it includes the total amount to be debited for the use of the cards, containing also detailed information on the transactions made per card.
Detailed Statement - Sent to the card holders, detailing the charges, total amount used and outstanding.
Possibility of subscribing e-statements, which will be automatically sent to an e-mail address indicated by you.
Payment
By debit in the Company account for all the cards.
The debit is made on the 20th day of the month following the statement's closing date. Since the debit is only made in the month following the use of the card there is an interest free period of time that may vary between 20 and 50 days.
Possibility to partially pay the outstanding balance of your card by choosing: 3%, 15%, 25% or 50%, with a minimum of € 10.
How to apply
To apply for the Travel Mate Business card, contact your Account Manager or go to a Millennium bcp Branch.
Approval is subject to risk analysis and credit assessment by Millennium bcp.