Bulbank started offering international revolving credit cards - Visa and MasterCard. The cards are issued in BGN, EUR and USD.

The new revolving card of Bulbank was introduced on the market six months after the bank started offering Charge credit cards that require paying up of the whole amount due before the expire of the grace period.

The revolving cards, on the other hand, require paying up only of monthly minimum instalment that amounts up to 6-7% of the credit. The credit limit of the revolving card is set to maximum of BGN 10 000 (EUR 5 000) for clients of the Bank for more than one year and to BGN 6 000 (EUR 3 000) for the new clients of Bulbank with the option to increase the limit after the first six months.

Bulbank sets the minimum monthly income of the cardholders to BGN 500 and according to the income allows different credit limits.

Minimum monthly instalments, depending upon the credit limit, are also set for clients' convenience. Minimum monthly instalments vary from BGN 80 to a maximum of BGN 600 for credit limits of BGN 10 000. The not-paid part of the credit, after the minimum instalments, actually is the credit that the client uses on his card. The grace period of the revolving cards is 45 days. That is the period, which the bank does not charge interest on the used amount of the credit. In case during the grace period the client pays off the full amount of the credit used, Bulbank would not charge him with interest. The interest rate on the debt is the same as the one on the consumer loans.

The new revolving card of Bulbank comes with free travel insurance and is offered as an additional bonus to mortgage clients.

"Our new revolving credit card gives our clients the freedom to use their money worldwide in confident and modern manner and provides them short term financing in an extraordinarily flexible and convenient way", Mr. Levon Hampartzoumian, Chairman of the MB and CEO of Bulbank comments. "We are delighted that Bulbank is on a position, first on the market, to offer the full rage of credit card products - revolving and charge international credit cards," he added.