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Business Gold Credit Card

Extra funds for the company's day-to-day purchases and unexpected payments

  • Transfers via Internet Banking and mobile app directly from the credit card account.
  • Paying for goods and services, including at online stores.
  • Cash deposits into company’s account via Swedbank ATMs all across Latvia.
  • Cash withdrawals from ATMs worldwide.
  • Included travel insurance for the cardholder and 3 colleagues accompanying them on the business trip.
  • Priority Pass member card.
Payment cards compared

Please be informed that starting from 24th September Swedbank is expanding collaboration with our long-term partner Mastercard.

  • As of this date, we will issue new and replaced Business Gold credit cards as Mastercard cards.
  • If you are holder of VISA Business Gold credit card which expires in or before 09/2020 it will be still renewed to VISA Business Gold credit card, but if credit card expires in or after 10/2020 it will be renewed to Mastercard Business Gold credit card.

Information for VISA cardholders here
  • Credit limit from 300 EUR to 15 000 EUR (depending on the company’s turnover and credit history).
  • Interest-free period of up to 40 days for purchases (from the time of purchase until the 10th date of the following month).
  • The interest-free period does not apply to transfers and cash withdrawals. If credit limit is used, interest starts to accrue immediately after performing the transaction.
  • The company is free to add its own funds to the card account at any time.
  • Contactless payments of up to 50 EUR without PIN entry. Purchases can also be made abroad subject to the amount limit in force in the respective country.
  • Paying in online stores requires the card to registered for secure internet shopping.

Register the card for Internet shopping

As a precondition to applying for the card, the corporate customer must have been carrying out business activities for at least six months.
  • Cards for several users can be linked to one account for using one credit limit.
  • New cards are issued with the default limits.
  • Individual usage limits and user rights can be set up for the card after it’s issued (e.g. permit or not permit payments with the card, cash withdrawals/deposits, account balance checking).

  • Limits and rights on the Business Internet Banking site and the mobile app can be modified:

    • In Internet Banking – by users with full-access rights mode or by a legal representative who has the right to represent the company singly according to the Register of Enterprises regardless of the access rights mode.
    • In mobile app – by legal representatives who have the right to represent the company singly according to the Register of Enterprises.
  • Travel insurance for the cardholder worldwide.
  • Travel insurance for the cardholder’s 3 colleagues when going together on business trips.
  • Travel insurance is in force for the whole duration of the Card Agreement.

Travel insurance is provided by Swedbank P&C Insurance AS Latvian branch.

Find out more about the terms and conditions of insurance

  • Priority Pass membership card which, for an extra charge, allows travelling particularly comfortably using airport business lounges around the world.

Learn more about Priority Pass
  • The card can be applied for on the Business Internet Banking site or at any Swedbank branch by filling out the financing application.
  • In the application, please specify the preferred credit limit and card holder details.
  • Additional documents may be requested when the financing application is reviewed (such as the company’s latest annual report if not filed with the Register of Enterprises; balance sheet and profit and loss statement not older than 12 months).
  • In case of a positive financing decision, the card will be produced and delivered to your selected branch within 5-10 business days.
  • The card agreement may be signed at branch and the credit card may be collected by the company’s authorized signatory. Before issuance, the card will be activated by a branch employee.
Card ordered on a business day: Time and place of receipt
Spice or Ķīpsala branch Other branches or card delivery to an address
by 12.30 Within 5 hours On next business day
by 12.30 On next business day On business day after the next
Product/Service Price, EUR
Business credit card Business Gold credit card
Ordering and issuance
New or replaced card Also in cases when the card is lost, stolen, or damaged. Automated fee upon card activation. 6.00 10.00
Renewed card Issuance of the new card after validity period of previous card was expired is free of charge. Free of charge Free of charge
Urgently produced card options 41.00 45.00 Accelerated production and delivery of cards can be ordered at a branch or by calling us on 67 444 444. The card can be collected at branches of the bank or at the company’s contact address provided to the bank, after the decision is made if the credit limit for the credit card has not yet been approved.
Receiving
By post 0.00 0.00
At branch 6.00 6.00
Using
Monthly fee 4.00 10.00 The card's monthly fee will be automaticaly debited from account in the begin of every month.
Card purchases in Latvia and abroad Free of charge Free of charge
Zero-interest period Until following month's 1st date Until following month's 10th date Interest-free period applicable only to card purchases, not cash withdrawals and transfers.
Currency exchange markup 2.95% 2.95% The fee is charged if the transaction is made in a currency other than the card currency. Information on current Exchange Rates available on International Card Organization websites www.mastercard.com and www.visaeurope.com
Funds transfer from credit card limit account See Payments See Payments Equal to payments from current account
Cash operations See Cash transactions via ATMs and Retail outlets See Cash transactions via ATMs and Retail outlets
Annual rate of interest on amount spent 18% 14% Rate will be applied taking into account the zero-interest period for purchases.
Exceeding the credit limit and using credit limit not repaid on time 60% of the amount exceeded annually 60% of the amount exceeded annually
Travel Insurance -- Free of charge Travel insurance is offered to Business Gold credit cards. The insured risks.
Changes in Card Agreement (incl. change in limits, permitted services, card delivery method) Easier via Internet Banking 6.00 6.00 Exception - change in card servicing account and granted credit limit at a branch is free of charge.
Card claim processing Free of charge Free of charge If processing of the claim involves obtaining documentary proof of transactions, then a fee will be charged to the amount of the actual cost of the service.
Checking the account balance:
- In ATMs of Swedbank in Latvia Free of charge Free of charge
- In other banks' cash machines in Latvia and worldwide 0.40 0.40
Printout of last 5 card transactions at Swedbank ATMs in Latvia 0.20 0.20
Changing and unblocking the card's PIN in Swedbank ATMs in Latvia Free of charge Free of charge In case of entering PIN incorrectly three consecutive times in a POS terminal.
Closing
Closing the card Free of charge Free of charge

Default card limits

Limits, EUR
Business credit card Business Gold credit card
Purchases 1400 1400
For cash withdrawals 1400 1400
For cash deposits 15000 15000

Effective from 01.08.2021

Terms of usage of Cards for business

Terms of usage of Cards for business
  • Information about transactions and the amount of outstanding credit limit is available in the credit card account statement in the company’s Internet Banking user profile.
  • The entire outstanding credit limit (as used on purchases, transfers and cash transactions) is automatically transferred on the 10th date of each month from the current account linked to the credit card.
  • If the current account lacks sufficient funds for automatic repayment of the credit limit amount, partial repayment of the amount will not take place and interest will start to accrue also for purchases for which the interest-free period has ended.
  • The company is free to repay the outstanding credit limit on its own at any time and thereby stop accrual of interest.

  • On the 10th date of each month, concurrently with automatic repayment of the credit limit, the current account linked to the credit card is also debited for:

    • Monthly fee for use of the credit card.
    • Interest for use of the credit limit.
  • If necessary, the card can be closed immediately or suspended temporarily on the Business Internet Banking site or the mobile app. A suspended card can be re-activated within 10 days via Business Internet Banking or the mobile app, as well as by presenting the card and an identity document (passport or eID) at any Swedbank branch.
  • If the suspended card is not re-activated within 10 days, it will automatically be closed.
  • If a payment card is stolen, it must be closed immediately. This can be done on the Business Internet Banking site, in the mobile app, by sending a message to the bank or by contacting the bank by phone on 67 444 444.
  • If the card is lost or stolen abroad and it’s not possible to get in touch the bank, then the card can be suspended by calling the MasterCard 24h international assistance line on +1 636 722 7111 (charged).
  • For a new card, the PIN is issued in a separate envelope upon collecting the card at branch.
  • For renewed cards, the PIN remains the same.
  • If you wish to change the existing PIN, this can be done in Swedbank ATMs in Latvia by choosing the option “Other operations” > “PIN change”.

  • For security reasons, PIN may be entered incorrectly only twice. After the third time, the card will automatically be blocked:

    • If the card is blocked in POS terminal, it may be unblocked in Swedbank ATMs by entering correct PIN at first attempt.
    • If the card gets blocked in ATM or you can’t remember the PIN, a new card must be ordered.

  • Card transactions can be disputed by sending a message to the bank on the Business Internet Banking site, by contacting the bank by phone on 67 444 444, or by visiting the nearest branch if:

    • You discover transactions in the account statement that you haven’t agreed on with the merchant or service provider;
    • ATM cash deposit or withdrawal has been unsuccessful.

For example, if the ATM fails to dispense cash during withdrawal operation but the amount in question has been debited or if the amount deposited is not added to the account.

Your company's financial security is one of Swedbank's top priorities. We encourage you to be responsible users of payment cards and to observe the security conditions for payment cards usage.

  • Only the cardholder - the person whose name appears on the card - may use the card. Do not let anyone, even a close person, to use the card issued in another person’s name.
  • Make sure that you as a cardholder always know where your payment card is.
  • If you pay by card, do not let the person serving you take it to a back room on their own because card data may be stolen.
  • Always check the transaction amount that you approve with the card.
  • Check card transactions regularly via Business Internet Banking or the Swedbank mobile app. If any transaction seems suspicious, please contact the bank immediately.
  • It is not recommended to send card number by e-mail or disclose it over the telephone when making a purchase because card data may be misused for fraudulent transactions but, if there are no other options, please be extra careful.
  • Be careful when using the ATMs of other banks. Some ATMs return payment card before dispensing the money. Make sure that you collect your payment card and the requested amount of cash before you leave the ATM.

  • A cardholder receive a new card and also a PIN in a separate envelope. A cardholder receive a new card and also a PIN in a separate envelope.

    • Renewed cards will keep their former PIN.
  • Do not tell or show the PIN to anyone, not even to bank employees.
  • Memorise it, do not write down the PIN on the card or anywhere else where it can be seen by others.
  • New! Check your card’s PIN code in the Swedbank app. Its secure, easy and will help, if you forget your original PIN or cannot remember it after changing.
  • For payment approval, try to enter the PIN so that no one else can see it. The card can be stolen and be used by somebody else. If the card with PIN code is used by a thief, it is the customer’s own responsibility.
  • If you suspect that the PIN has become known to someone else or if the bank has notified you of the need to change your PIN, the cardholder must change it immediately. It can be done at any Swedbank ATM. When selecting new PIN, do not re-use your old PIN.
  • Do not use identical PIN codes for different cards for the ease of memorising them.

  • For security reasons, PIN may be entered incorrectly only twice. After the third time, the card will automatically be blocked:

    • If the card is blocked in POS terminal, it may be unblocked in Swedbank ATMs by entering correct PIN at first attempt.
    • If the card gets blocked in ATM or you can’t remember the PIN, a new card must be ordered.
  • If a payment card is lost or stolen, it must be closed immediately. This can be done on the Business Internet Banking site or the mobile app, by sending a message to the bank or by contacting the bank by phone on 67 444 444. For security reasons, we advise cardholders to keep Swedbank's phone number in their phone's memory.
  • If the card is lost or stolen abroad and it’s not possible to get in touch the bank, then the card can be suspended by calling the MasterCard 24h international assistance line on +1 636 722 7111 (charged).

Information about possible risks
Failure to fulfil your financial commitments in full increases the cost of the financing you receive and may have an adverse impact on your credit history. Furthermore, if the contract is terminated due to a serious breach on your part, compulsory recovery of the debt may be undertaken and you could lose ownership of the mortgaged property.

For day-to-day purchases and transfers.

Extra funds for company’s everyday operations and unexpected payments.

Make insurance claim

If an insured event has occurred, please contact our Claim Handling Department.

Swedbank P&C Insurance AS Latvijas filiāle, Balasta dambis 15, Riga, Latvia, LV-1048

+371 67 444 449 (24/7)

atlidziba@swedbank.lv

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Business Gold is the highest level business credit card

With included travel insurance for the card user + 3 colleagues

Contacts

“Swedbank” AS
Balasta dambis 15, Riga,
LV-1048, Latvia
BIC/S.W.I.F.T.: HABALV22
Reg. number: 40003074764

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Legal information

This is Internet Banking site of companies offering financial services - "Swedbank" AS, "Swedbank Līzings" SIA, "Swedbank Atklātais Pensiju Fonds" AS, "Swedbank Ieguldījumu Pārvaldes Sabiedrība" AS, "Swedbank P&C Insurance" AS Latvia branch, "Swedbank Life Insurance" SE Latvia branch. Before signing any agreement read the terms and conditions of the respective service.