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Business Gold Credit Card

New design!

Card with extra credit and secure travel for your company

Good value! Apply by 31.12.2020 and get a discount on the credit card issuance and monthly fee for the first 3 months of using the card.

  • Credit limit from EUR 300 up to EUR 15 000.
  • Pay for goods and services, make transfers directly from a credit card account.
  • Travel insurance included for the card holder and his/her three colleagues.
  • Access to airport lounges with „LoungeKey™“.
  • Access to premium Boingo Wi-Fi internet.
  • Mobile contactless payments - pay with your phone.
Apply for card   Comparison of bank cards

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 of EUR 1000 – 15 000.
  • Up to 40-day interest-free period for the outstanding credit card limit when paying by card for purchases / services.
  • An extensive travel insurance package, which applies to the card holder and 3 colleagues travelling with him/her.
  • Access to hundreds of airports lounges with LoungeKey™
  • Boingo Wi-Fi for Mastercard® cardholders
  • Unique Mastercard World Elite offers.
  • Transfer money, make payments and withdraw cash in ATMs directly from credit limit account.
    Note. For a credit transfer or cash withdraw interest is calculated from the moment of transaction.
  • Several cards for employees can be ordered and linked to the same account to use one credit limit.
  • Cash depositing to credit card account available at „Swedbank” ATM’s.
  • For contactless payments with smart devices a card can be added to supported e-wallets.
  • Contactless payments with card up to EUR 50 without PIN entry. For contactless payments abroad limits can differ from country to country.
  • Paying in online stores requires the card to be registered for secure internet shopping.
  • New cards are issued with default limits.
  • Individual usage limits and user rights can be set for the card after it is 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.
  • 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 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 41,00 45,00 Expedited card production and delivery can be ordered at a branch or by calling the Phonebank's number on 67 444 444. Ordering card on working days till 13:30, production and delivery of card to branches 'Ķīpsala' (Riga, Balasta dambis 15) and 'Spice' (Rīga, Jaunmoku street 13 (t/c 'Spice Home')) within 4 business hours. Card delivery to branches outside of Riga next business day.
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.
Priority Pass Priority Pass card is offered together with the Business Gold credit card (issued before 24.09.2020.) and for a separate charge gives access to more than 900 special lounges at airports worldwide. Each lounge visit is billed in EUR.
The bank causes the payment for use of the Priority Pass to be made by debiting the necessary funds from the customer’s Swedbank account linked to their credit card. The bank does not deal with any claims regarding the Priority Pass service and customer must lodge any such complaints directly to Priority Pass Ltd. Find out more on www.prioritypass.com
- Membership fee -- Free of charge
- Lounge visit (per person) -- 28,00 Fee for one, single visit.
Lounge Key (from 24.09.2020) Lounge Key is offered together with the Business Gold credit card (issued starting from 24.09.2020.) and for a separate charge unlocks access to special lounges at over 1000 airports worldwide. Find out more on LoungeKey.com or the mobile app. Each lounge visit is billed in EUR. The bank causes the payment for use of the Lounge Key to be made by debiting the necessary funds from the customer’s Swedbank credit card account. The bank does not deal with any claims regarding the Lounge Key service and customer must lodge any such complaints directly to Lounge Key Ltd. Find out more on Lounge Key Ltd.
- Membership fee -- Free of charge
- Lounge visit (per person) -- 28,00 Also available for a person visiting the lounge together with the Business Gold credit card holder. The list of airport lounges included in the LoungeKey programme is available on the website www.loungekey.com
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
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.

  • Many expenses connected with unwanted travel changes like:
    • flight cancellations
    • delays
    • travel interruption
    • etc.
  • Lost or stolen luggage
  • Injuries while traveling (incl. skiing, swimming pool accidents etc.)
  • Need for legal assistance
  • Trip cancellation due to illness
  • And other situations

The credit card includes an extensive travel insurance package, which applies to the card holder as well as 3 colleagues travelling with him/her across the whole world.

The sums insured apply for all insurance cases, regardless of how many times they occur during the trip.

The travel insurance is provided by Swedbank P&C Insurance AS branch in Latvia.

Worldwide airport experiences delivered directly via Business Gold credit card.

Card holder can now access hundreds of airport lounges around the world, regardless of airline or flight class.

  • Business Gold credit card is access key, with no other cards needed
  • Manage your visits easily in the LoungeKey™ app
  • Complimentary amenities at select lounges mean the luxury of escaping the hustle and bustle of the airport terminal
  • The list of LoungeKey™ lounges available and further information about the program can be found on the LoungeKey™ website and app: For all Business Gold Credit card users

Make the most of the comforts of a LoungeKey™ airport lounge.

When you arrive at the lounge, be sure to mention you have LoungeKey™ membership. You will then need to present Business Gold credit card or LoungeKey™ Digital Card and boarding pass to gain entry. Your card will be swiped or scanned to register a visit.

Download the app, register and manage visits:

  • view airport lounges available to you;
  • access Digital Card and hundreds of discount offers;
  • track your visit entitlement and visit usage;
  • see the lounges you have visited.

The offer of the Riga International Airport is available here.

Lounge visit fees:

  • For Business Gold credit card holders - 28 EUR per visit
  • For persons accompanying Business Gold credit card holders as a guest - 28 EUR per visit

Important!

Fee for visit will be charged from Business Gold credit limit account when entering the lounge.

You can find the terms and conditions on LoungeKey.com or the mobile app.

Boingo Wi-Fi for MasterCard® Cardholders: share unforgettable experiences with premium quality Wi-Fi access at more than 1 million hotspots worldwide, at no added cost to Business Gold credit card cardholder.

  • Stay connected on up to four devices including mobile phones, tablets and laptops.
  • Save time and spare the hassle with the Boingo Wi-Finder mobile app – it helps you locate nearby hotspots and gets you connected in just a few clicks.
  • Access 24/7 customer support via email, phone, chat and social media.
  • Locate accessible hotspots by visiting http://wifi.boingo.com or downloading the MasterCard Boingo Wi-Finder app. Find the map of hotspots on the website or use the Wi-Finder hotspot locator in the mobile app.
  • Register your card only once and after that connections will be automatic.

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).

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.

Avis

Join Avis Club for an even greater level of service, discounts and benefits.

Hertz

Join the prestigious Hertz Gold Plus Rewards programme with your Gold Business credit card and enjoy the following benefits.

Hotels.com

Valuable deals for bookings at independent and local chain hotels around the world.

Avis

Gold Business credit cardholders can now enjoy complimentary Avis Preferred membership, which includes a car upgrade with every reservation (subject to availability) and up to 20% discount on all car rentals.

Gold Business Credit Card holders can access Avis Preferred membership benefits in 3 easy steps.

Step 1:

Register on the website https://member.avisworld.com/worldsignia using your email address, and enter the promotional code MC Gold*.

Each cardholder can only register once. The cardholder then completes the registration form on the following pages.

During the enrolment process, cardholders are asked to register their Mastercard Gold Business Credit Card and driving license number to complete the registration.

Step 2:

Membership confirmation is sent to cardholders from Avis Preferred with their unique membership number. The details will be delivered after the first car rental.

Step 3:

To rent a car, enter membership number and book here.

Offer validity period:
Ongoing until further notice

In collaboration with:

*Please note this cannot be used in conjunction with any other promotion.
Full terms and conditions can be found here.

Hertz

Join the prestigious Hertz Gold Plus Rewards programme with your Gold Business credit card and enjoy the following benefits:

  • Up to 10% discount on every car booked
  • Free one car class upgrade at participating locations (subject to availability)
  • Earn 500 Gold Plus Rewards bonus points upon enrolment
  • Free additional driver (spouse or domestic partner)
  • Bypass the queues and the counters at more than 50 of the world’s busiest airports
  • Expedited reservations, pick-ups and returns
  • Expedited Gold service at over 1,000 locations worldwide
  • Earn Gold Plus Rewards® Points for free car rental days around the world
  • 25% discount on child seats

Gold Business credit card holders can access Hertz Gold Plus Rewards benefits in 4 easy steps.

Step 1: Register at Hertz Gold Plus Rewards here. Each cardholder may only register once.

Step 2: After registering, cardholders receive e-mail confirmation with their unique membership number and can print their membership card

Step 3: Make reservations here and enter membership number and print upgrade voucher

Step 4: On collection of vehicle, present membership number and Hertz Gold Plus Rewards Membership card at Hertz Desk

Offer validity period:
Valid until 31 December 2020

In collaboration with:

Terms and conditions for rental can be found here.

Hotels.com

Hotels.com is a leading provider of hotel accommodation worldwide, offering booking services through its own network of localised websites and telephone call centres. Use this discount whether you’re planning a romantic weekend, time alone to unwind or a cultural experience with your family.

A special offer for Mastercard World Elite Cardholders:

  • 8%* off bookings at independent & local chain hotels

When booking hotel, use code MASTERCARD8 and pay with Mastercard Gold Business credit card to enrol for the discount.

Offer validity period:
Book by 31 March 2021 for completed stays up to 30 September 2021

In collaboration with:

*List of excluded hotel brands see here.
Full terms and conditions can be found here.

Back

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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