TERMS AND CONDITIONS FOR CREDIT. This credit agreement application supplements the General Terms and Conditions for Credit Cards of
TERMS AND CONDITIONS FOR CREDIT. This credit agreement application supplements the Terms and Conditions for Charge Cards and Credit Cards of Swisscard AECS GmbH. The terms as defined therein as well as the further provisions also apply to the credit agree- ment, unless expressly stated otherwise.
1. Conclusion of the credit limit
2. Credit limit
3. Use of credit limit, minimum amount, etc. 2.5 % of the outstanding monthly invoice amount, but not less than CHF 50 (or an equivalent amount for foreign currency cards), plus any outstanding minimum payments from previ- ous monthly statements as well as all outstanding amounts in excess of the credit limit that are not already included in the above-men- tioned minimum payment amounts. The Client has the right to pay the full amount of the invoice at any time. No further interest on the amount paid will be charged from the date payment is received by the Issuer. Installment payments will be applied first to payment of interest due. No installment facility will be granted for transactions executed during the first fourteen (14) days following receipt of the card.
4. Amount of and changes to interest and fees
TERMS AND CONDITIONS FOR CREDIT. This credit agreement application supplements the Terms and Conditions for Charge Cards and Credit Cards of Swisscard AECS GmbH. The terms as defined therein as well as the further provisions also apply to the credit agreement, unless expressly stated otherwise.
1. Conclusion of the credit limit
2. Credit limit
3. Use of credit limit, miminum amount, etc. Once the credit agreement enters into force, the principal cardholder is entitled to repay the invoice amount indi- cated on the monthly statement in installments. The minimum monthly payment is shown on the monthly state- ment. The minimum monthly payment is 5% of the out- standing monthly invoice amount, but not less than CHF 50 (or an equivalent amount for foreign cur- rency cards), plus any outstanding minimum payments from previous monthly statements as well as all outstanding amounts in excess of the credit limit that are not already included in the above-mentioned minimum payment amounts. The unpaid amount of a monthly statement, together with new charges in the following month, may not exceed the credit limit. Use of credit in excess of the credit limit is not permitted. The principal cardholder must immediately notify the Issuer in writing of any significant adverse changes in income and assets.
4. Amount of and changes to interest and fees The principal cardholder shall be notified of the annual interest rate on the credit card application, on the application for credit or otherwise in writing. No compound interest is charged. Any changes to the annual interest rate or fees levied for the install-
