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- What is the installment payment feature of BIDV credit card?

The installment payment feature by credit card is a utility that allows BIDV cardholders to own a certain product/service, without having to pay all the purchase value when the statement is due. The cardholders only pay BIDV the purchase value divided monthly until the payment is completed with a preferential installment rate of 0% with no charge (depending on the place the client makes the purchase).

- Benefits for clients when using this feature:

               + Own favorite products when the Client’s finance cannot afford

               + Shopping comfortably and pay multiple times with the interest rate of 0%

               + No limit on the number of installments in a statement period

               + Quick and simple registration procedures, no need to submit any proof

               + Get more benefits when paying by credit card other than in cash

               + Mitigate individual monthly financial burden to the customers

- Applicable subject: Applicable to individual clients whose credit cards are issued by BIDV (Not applicable to corporate credit cardholders and collector cards)

- Applicable conditions:

+ Merchant: Partners associated with BIDV to provide credit card installment payment feature (Details for BIDV’s partners are announced from time to time on BIDV’s website)

+ Products / Services:

             • The product / service is on the list registered with credit card installment payment feature between BIDV and partners.

             • The value of product / service is not less than the minimum value required by BIDV in each period.

+ Installment payment period: The registration payment period must be shorter than the remaining validity duration of the card.

+ The remaining balance on the card (the remaining amount that can be spent by card) is not smaller than the value of the goods / services to be bought.

+ Time to conduct transaction: The transaction should be conducted 10 days before the statement date of this period.

For example, if the card statement date falls on 20^th, to convert the Client’s transactions into installment transactions on the statement date of 20 June 2018, the original purchase of goods need to be made from 21 May 2018 to 10 June 2018.

- Installment term: Flexible terms of 3, 6, 9, 12 months.

- Implementation process:

+ Clients go to merchants associated with BIDV for the provision of installment payment feature on credit card (please bring your ID card)

+ Clients use the card to purchase goods with the total value of goods / services and fill in the form using BIDV’s installment payment on credit card (please write your phone number and email)

            + Complete the registration to use the installment payment credit card feature.

- Noted when clients join the installment at 0% interest rate:

+ Credit limit on the Client’s credit card account will be deducted an amount corresponding to the value of the installment payment. Monthly, the limit of credit card account will automatically increase corresponding to the amount paid to BIDV in each installment period.

+ Periodic installment payment value is listed as regular purchases in monthly statement. The Client must pay 100% of their outstanding credit card balance on maturity date (including periodic installment payment) for not being charged with an interest by the Bank. Otherwise, they will be charged with an interest and fee as regulated in the Terms and Conditions on the issuance and use of BIDV’s credit card.

For more details, please contact Hotline 19009247