Automatic account debits
For greater convenience you can arrange for you credit card installments to be automatically deducted from your checking or savings account using our automatic debit service. Payment of your credit card installments shall be debited from your checking or savings account on the date stipulated on your credit card statement.
You may apply for any one of the following automatic debit instructions:
- Minimum payment: for the entire balance as appearing on the previous credit card account balance.
- Pago mínimo: 2.77% of the balance outstanding, or $20.00, depending on whichever is the highest value.
- Fixed paymentthis amount is decided by the client; however this must always cover the minimum payment to be made so as not to fall in arrears.
Please keep in mind that your have a set date to make your credit card payments. Payments must be made 25 days after the cut-off date as appearing on the credit card statement.
|Credit card||Cut-Off Date||Payment Date*|
|Preferential MasterCard Black||1st day of each month||26th day of each month|
|Platinum Plus MasterCard||3rd day of each month||28th day of each month|
|Mileage Plus MasterCard||5th day of each month||30th day of each month|
|Platinum Visa||1st day of each month||26th day of each month|
|Corporate Visa||6th day of each month||31st day of each month|
|* Credit card payments shall be deducted from the client´s account on the corresponding payment date.|
As for automatic debit payments on the rest of our range of credit card products, such as Regálate Classic Visa and MasterCard, Regálate Gold Visa y MasterCard and Classic Standard Visa and MasterCard as well as Gold Standard MasterCard, payment is deducted from the cardholders checking or savings accounts 14 days prior to the payment date appearing on the credit card statement.