HR
How can I pay costs incurred with the Business Mastercard card?
You need to arrange one of the following models:
- Credit model
When using the credit model, a short-term revolving loan is arranged for covering expenses incurred with your card. The card user may pay expenses incurred with the card, which are indicated in the Notification of the Costs Incurred, by individual payments up to the due date, or expenses can be debited against the short-term revolving credit. The card user makes individual payments to settle the outstanding credit amount, regular interest and potential penalty interest. - Transaction-credit model
When using the transaction-credit model, a short-term revolving credit is arranged for covering expenses incurred with your card. The card user may pay expenses incurred on the card which are indicated in the Notification of the Costs Incurred by individual payments up to the due date, or expenses can be debited against short-term revolving credit. Upon expiry of the arranged credit repayment period, the outstanding credit amount is automatically debited against the card transaction account opened with the Bank. Regular interest and penalty interest are also automatically debited against the card user’s transaction account opened with the Bank. - Transaction model
When using the transaction model, only the spending limit is arranged. On the arranged due date, the expense incurred with the card are automatically debited against the card user’s transaction account opened with the Bank. The potential penalty interest is also automatically debited against the card user’s transaction account opened with the Bank.