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.
  • 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.
Product/Service Price, EUR
Visa Business credit card Visa Business Gold credit card
Ordering and issuance
New or replaced card 6,00 10,00
Renewed card Free of charge Free of charge
Urgently produced card 41,00 45,00
Using
Monthly fee 4,00 10,00
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
Currency exchange markup 2,95% 2,95%
Funds transfer from credit card limit account See Payments See Payments
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%
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
Priority Pass
- Membership fee -- Free of charge
- Lounge visit (per person) -- 28,00
- Other services -- See Priority Pass
Changes in Card Agreement (incl. change in limits, permitted services, card delivery method) Easier via Internet Banking 6,00 6,00
Card claim processing Free of charge Free of charge
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
Closing
Closing the card Free of charge Free of charge
Default card limits
Limits, EUR
Visa Business credit card Visa Business Gold credit card
Purchases 1400 1400
For cash withdrawals 1400 1400
For cash deposits 15000 15000

Effective from 01.08.2018.

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 VISA card 24h international assistance line on +1 410 581 9994.
  • 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 post 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.
  • When a cardholder gets a new card, they will also receive a PIN that is known only to them. 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.
  • 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.
  • 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) or VISA card 24h international assistance line on +1 410 581 9994 (charged).

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