Business Gold Credit Card

• Credit limit of EUR 300 – 15 000.
• There is an interest-free period of up to 40 days (from the purchase until the payment date) when paying by card.
• Any credit limit spent and not repaid by the 10th date is automatically transferred from the current account linked to the credit card.
• Travel insurance with 750,000 EUR limit on medical expenses included without any extra charge. Valid for the cardholder and 3 colleagues travelling with them.
• Access to hundreds of airports lounges with LoungeKey™
• Boingo Wi-Fi for Mastercard® cardholders
• Access to premium-quality Global Data Roaming internet
• Unique Mastercard World Elite offers.

• New! Cardholder with internet bank access to company’s bank account, linked to payment card can check the card’s PIN code, card number, expiry date, Security code/CVC2 code in Swedbank app.
• Transfer money and withdraw cash directly from credit limit account. For a credit transfer or cash withdraw interest is calculated from the transaction date.
• 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.
• Pay for your purchases easily with contactless payments! Add Business Gold credit card to Apple Pay, Google Pay, Fitbit Pay, Garmin Pay solution, or use Swedbank app to tap your Android phone.
• In our mobile app you can see a list of places where your digitized card is linked to. Watch a tutorial.
• Contactless payments with card up to EUR 50 without PIN entry. For contactless payments abroad limits can differ from country to country.
• In order to pay with the card online you must activate 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.
• Depending on the company’s turnover and credit history, the minimum credit limit is EUR 300 and the maximum EUR 15 000.
• 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 card will be produced and delivered within 4 - 8 business days:

• By post to the company’s contact address provided to the bank anywhere in the world. For security reasons, cards are sent by post inactive.

  The Card Agreement may be signed and card may be activated in Internet Banking by a person who is authorized to represent the company singly according to the Register of Enterprises and who has logged in to Internet Banking with the Smart-ID or eID.

• At any Swedbank branch all across Latvia.

  Card can be collected by authorized signatory who, according to data at the bank’s disposal or Register of Enterprises, is authorized to represent the company.

  If the Card Agreement is already signed by the company’s authorized signatory, then the card can be collected by the cardholder.

• The card is renewed automatically if stated so in the Card Agreement or on the Business Internet Banking site, and its renewal satisfies the Card Agreement conditions.
• Card renewal can be enabled or cancelled, and the card delivery method and address can be changed no later than 35 days before expiry date of the current card.
• The renewed credit card will be delivered at least 1 week before expiration of the previous card to the company’s contact address provided to the bank or the relevant Swedbank branch.
• For renewed cards, the PIN remains the same.

Renewed card can be used only after agreement is signed and card activated.

If the card received by post:

• If the Card Agreement is already signed, the card can be activated via Business Internet Banking by a user with full or transaction access rights mode.
• If the Card Agreement is not signed, the card can be activated via Business Internet Banking only together with signing the agreement.

The Card Agreement may be signed by a person:

• Who is authorized to represent the company singly according to the Register of Enterprises.
• Who has logged in to Internet Banking with the Smart-ID or eID.

At branch:

• Before issuance, the card is activated by a branch employee.
• If the Card Agreement is already signed by the company’s authorized signatory, then the card can be collected by the cardholder.
• If the Card Agreement is not signed, then before receiving it the agreement must be signed by the company’s authorized signatory who is authorized to represent the company.

• 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.

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

• documentTravel insurance product information document
• documentTerms and conditions of travel insurance

• 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).