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SMP Bank - Secured Credit Cards

 

smp bank secured mastercard

 

 

 

SMP Bank (formerly Multibanka) (Latvia)

Secured MasterCard Credit Cards

 

These are secured MasterCard credit cards from the Latvian SMP Bank that come

in either the Standard or Gold versions.

 

They can come in 3 different currencies (Euros, US$ or LVL (Latvian Lats)).

Both credit cards are issued free of charge. The annual interest rate on the line

of credit granted is 18% for both.

 

The annual fee for the Standard MasterCard (non-residents) is 50 Euros, 60 US$

or 35 LVL depending on the currency chosen. Similarly the annual fee for the Gold

MasterCard is either 80 Euros, 100 US$ or 60 LVL.

 

There are fees for ATM withdrawals and other transactions on both the Standard

and Gold MasterCards and also daily ATM and purchase limits for both types of card.

 

The security for these credit cards can come from either a security deposit placed

with the bank or funds blocked in an SMP bank current account which can also be

opened (by non-residents) with this Latvian bank.

 

Additional cardholders can also be added to the accounts. e.g. for family members.

 

A Business (& Gold) version of this secured MasterCard is also available to

companies.

 

SMP Bank also issues International Maestro debit cards to individuals

(private customers).

 

Return to UK bank account, prepaid credit cards or business bank account page.

 

 

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