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Credit Card

 

Credit card NEXT allows you to use the pre-approved limit and to refund the spent amount without charging interest.   

  • Grace period – up to 55 days

  • Refund program

  • Minimal monthly installments – 5% of the spent amount

  • Terabank's card holders can transfer the amount to any card of Terabank through ATM;

 

Credit limit repayment terms:

Credit limit repayment can be made in two ways:

  • Full repayment for using 0% credit

  • Repayment through minimal installments – by charging interest

 

Terabytes

Accumulate terabytes from terabank and pay for utilities free of charge or fill in the account!

*To use Terabytes, you must have a current, card or demand deposit account.
 

Get involved with the Loyalty program:
On every GEL 5 transaction – get 1 terabyte
To every amount more by GEL 1 - 1 more terabyte will be added

 

  • Six lari transaction = 1+1 terabytes
  • Nine Lari transaction = 1+4 terabytes
  • Transactions of 1000 GEL or above = 996 terabytes, which is the maximum amount of accrued points(1 terabyte is for the initial 5 GEL, while the remaining 995 GEL = 995 terabytes)

300  terabytes = GEL 1

 

  • Accumulated terabytes can be converted and the corresponding amount (in GEL) will be credited to your account
  • The minimum amount for conversion is 5 GEL, and the maximum limit is not limited.
  • You will be able to make payments in the appropriate amount of Terabytes (for example, you will pay the utility bill, top up your mobile phone balance, etc.).

 

*Terabytes accrued and unused within two calendar years will be automatically canceled and you will receive a cancellation notice 30 days prior.

Cashback Mechanism

Get back 1% of the amount spent (not more than 500 GEL) for each of the following transactions made at the POS terminal:

  • POS terminal.
  • Payment on websites.

The amount of the transaction must exceed 20 USD (corresponding equivalent in GEL). The refund is calculated every month on the statement calculation day. The amount deposited as a result of the cashback is not considered a minimum contribution.
 

 

 

Credit Card Limit Conditions

Credit Card Type Next Up Next Card Next Card  Platinum
Card Validity 2 years 2 years 2 years
Credit Limit Volume 500-850 GEL 851-10 000 GEL 10 001-30 000 GEL
Credit Limit Currency GEL GEL GEL
Credit Limit Term 48 months 48 months 48 months
Credit Limit Annual Service Fee 20 GEL/15USD/15EUR 30 GEL/15USD/15EUR 85 GEL/25USD/25EUR
Credit Limit Approval Fee 0% 0% 0%
Annual Interest Rate 29% 25% 23%

Effective Interest Rate in the Case of Full Repayment of the Limit*

 From 2,40% From 0,30% From 0,30%

Effective Interest Rate in the Case of Repayment through Minimal Installments*

 From 41,30% From 31,20% From 27%

Amount of Monthly Minimum Contribution

 5% of the amount used 5% of the amount used

5% of the amount used

*Effective interest rate of the credit card has been counted by calculating on GEL 5,000 limit. It is asumed that the borrower uses the credit card for  payment purposes.

**Effective interest rates are calculated according to the maximum limits in GEL.

Credit Card Conditions

Credit Card Type Next Up Next Card Next Card Platinum  
Card Issuance Fee Free Free Free
Card Type Visa Classic/MC Standard Visa Classic/MC Standard Visa Platinum
Additional Card Issuance Fee 20 GEL/15USD/15EUR 30 GEL/15USD/15EUR 85 GEL/25USD/25EUR
Swift Card Issuance Fee 30 GEL/15USD/15EUR 30 GEL/15USD/15EUR 30 GEL/15USD/15EUR

Card Upgrade (Due to Loss/Damage)

 20 GEL/15USD/15EUR 30 GEL/15USD/15EUR

85 GEL/25USD/25EUR
Pin Code Recovery 5 GEL 5 GEL 5 GEL

Placement of  the Card on the Local Stop List

 Free Free Free

Placement of the Card on the International Stop List (for 2 weeks)

 40 USD 40 USD 40 USD

 

Cash Withdrawal and Settlement Limits and Fees

 

Credit Card Type Next Up Next Card Next Card Platinum

Cash Withdrawal Fee from Terabank ATM

 3%, min. 9 GEL  (or its equivalent) 3%, min. 9 GEL (or its equivalent) 1% min. 15 GEL (or its equivalent)
Cash Withdrawal Fee from Liberty ATM 3.5%, min.12 GEL (or its equivalent) 3.5%, min. 12 GEL (or its equivalent) 3.5%, min. 12 GEL (or its equivalent)

Cash Withdrawal Fee from the other Bank*

 3.5%, min. 5 USD (or its equivalent) 3.5%, min. 5 USD (or its equivalnet) 3.5%, min. 5 USD (or its equivalent)
Cash Withdrawal Fee from Terabank's Branch 3.5%, min. 10 GEL (or its equivalent) 3.5%, min. 10 GEL (or its equivalent) 3.5%, min. 10 GEL (or its equivalent)
Cash Withdrawal Fee from Liberty's Branch 4%, min. 12 GEL (or its equivalent) 4%, min. 12 GEL (or its equivalent) 4%, min. 12 GEL (or its equivalent)
Cash Withdrawal Fee from the Other Bank 4% min. 4 USD (or its equivalent) 4% min. 4 USD (or its equivalent) 4% min. 4 USD (or its equivalent)
Payment in Shopping Centers and Markets 0% 0% 0%
Daily Limit for Cash Withdrawal from ATM 10 000 GEL(its equivalent) 10 000 GEL(its equivalent) 30 000 GEL(its equivalent)
Daily Limit for Settlement 30 000 GEL(its equivalent) 30 000 GEL(its equivalent) 50 000 GEL(its equivalent)

Daily Limit for Withdrawing Money from Another Bank's Branch

 30 000 GEL(its equivalent) 30 000 GEL(its equivalent) 100 000 GEL(its equivalent)
Fee for Changing the Limit of Cash withdrawal from ATM 5 GEL 5 GEL  5 GEL 

Cost of the Card Transaction Appeal Service for Each Transaction

 15 USD 15 USD 15 USD

Service Fee for the Amounts Transferred from the Internet Sites, or the Refunded Amounts from the Operations Performed through Terminals Abroad 

 2% 2% 2%

 

* The client can be charged by ATM cash withdrawal fee when withdraw money abroad. This fee set by the ATM acquiring bank for which Terabank is not responsible. During withdrawing, the client receives notification at the ATM’s screen regarding acquiring fee and question if client wants to perform further cash withdrawal operation.

If the client continues the process of cash withdrawal - it automatically means that client accepts the ATM acquiring fee which displayed on the ATM screen.
 

Money Transfer Fees

Credit Card Type Next Up Next Card Next Card Platinum

Transfer from Credit Card Account in GEL (internal and external transfers)

 3.5% min. 10 GEL (or its equivalent) 3.5% min. 10 GEL (or its equivalent) 3.5% min. 10 GEL (or its equivalent)

Transfer from Credit Card account in the Currency (internal)

 3.5% min. 10 GEL (or its equivalent) 3.5% min. 10 GEL (or its equivalent) 3.5% min. 10 GEL (or its equivalent)

Transfer from Credit Card account in the Currency (external)

 3.5% min. 20 USD/15 EUR 3.5% min. 20 USD/15 EUR 3.5% min. 20 USD/15 EUR

Interbank Transfer Fee from Terabank ATM

 3% min. 3 USD (or its equivalent) 3% min. 3 USD (or its equivalent)

3% min. 3 USD (or its equivalent)

Note*: External transfers from the credit card account in GEL are allowed in the following cases:

If a credit card is issued to cover a credit card in another bank, money should be transferred to an internal (current/card) account with 0%. Then to cover the corresponding liability, the funds should be transferred to the external account without any commission.

 

Standard terms and conditions for performance of terabank’s banking operations: see at the following link

ATM Location

In case of card loss, please contact Terabank  immidiately via telephone: (+995 32) 255 00 00 or mobile: *50 50.  Terabank call center operates 24 hours.

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