Credit Card Next
Credit card NEXT enables you to utilize approved credit limit anytime.How can I obtain Next Card?
- You should be over 18
- You should have income minimum 250 USD
| NEXT card features |
|
| Main features |
|
| Card Validity |
3 years |
| Credit limit period |
1 year |
| Credit limit currency |
USD |
| Credit limit |
|
| Minimum |
500 USD |
| Maximum |
7 500 USD |
| Card tariffs |
|
| Principal Card Issuing fee |
55 GEL |
| Supplementary Card Issuing fee |
30 GEL |
| Reissue a Card |
55 GEL |
| Urgent Card Issuing | Card issuing fee + 20 GEL |
| Local stop-list fee/ International stop-list fee | Free/40 USD |
| Annual % (non-customers / customers) |
32% / 29% |
| Minimal imbursement |
5% of the amount indicated in the statement, min, 10 USD |
| Encashment and Settement Fees |
|
| Kor Standard Bank ATM |
3% min, 3 USD |
| ATM of any other Bank |
3.5% min, 5 USD |
| Kor Standard Bank |
3.5% min, 3.5 USD |
| Other Bank |
4% min, 4 USD |
| Transaction via POS |
0% |
| Encashment and Settlement Daily Limits |
|
| Cash Withdrawal Limit from ATM | 10 000 GEL |
| Cash Withdrawal Limit at Kor Standard Bank | Unlimited |
| Cash Withdrawal Limit at Other Bank | 30 000 GEL |
| Settlement limit via POS |
30 000 GEL |
Why should I have Next Card?
- 1% cash back (min.20 USD) of spent amount via POS transactions
- 0% credit for 40 days
- You can have balance statement delivered at any address within Tbilisi
- Maximum 56 days for minimum imbursements
- Discounts at multiple merchants
Conditions of credit repayment:
You can repay credit by:
- Complete repayment - 0%-credit
- Minimum imbursement
Each month, on desired date - 5, 10, 15, 20 or 25 balance statement will be generated. You can have the statement delivered at:
- Any address within Tbilisi
- Kor Standard Bank network
- Within 10 days after statement generation repay total amount at 0%
- Within 26 days after statement generation repay minimum imbursement of 5% of the debt min. USD 10
How can I utilize 0% credit?
For instance, on October 10 you obtained credit card with USD 500 limit at 32% interest rate. You indicated 10th day of each month for generating statement. You spent desired amount. In the statement generated on November 10 your debt summed up to USD 500. If you repay total amount of USD 500 from November 10-20 you will be entitled to 0% credit.
For instance, on October 10 you obtained credit card with USD 500 limit at 32% interest rate. You indicated 10th day of each month for generating statement. You spent desired amount. In the statement generated on November 10 your debt summed up to USD 500. If you repay total amount of USD 500 from November 10-20 you will be entitled to 0% credit.
How can I repay debt with minimum imbursements?
If you could not repay USD 500 from November 10 – 20, you still have a chance to repay with minimum imbursements within next 26 days. In this particular case, 5% of the sum in the statement i.e. USD 25 can be paid till December 6.
If you could not repay USD 500 from November 10 – 20, you still have a chance to repay with minimum imbursements within next 26 days. In this particular case, 5% of the sum in the statement i.e. USD 25 can be paid till December 6.
List of documents required for receiving a Credit Card Next
- ID Card
In case of losing of a card, immediately contact KSB: (995 32) 55 00 00, or 24-hour service: (995 32) 31 49 99 (in Georgia)
Partner Banks of KSB: Bank Republic, BTA Bank, Bank of Georgia, HSBC Bank.
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