For the needs of freelancers
VISA FreeCard in a nutshell:
- No fee for issuing and reissuing
- No fee for POS payment in Bulgaria and abroad
- Diversified interest rate – lower interest rate for POS payment
- Application is possible either by means of employment contract or a tax return
- 30-day grace period to repay debts
- Minimum monthly installment amounting to 5% of the debt
- SMS notification for executed transactions, etc.
No deposits or other kinds of collaterals are needed in order to issue the card. The credit limit is defined individually – depending on the level of the social security income.
The only documents necessary for applying are an identity card and a copy of the latest filed tax return.