With the deferred revolving payment, you can pay a fixed amount of your card bill each month. This payment method charges interest.
- Interest rate: 15%.
- Yearly credit card issue and maintenance fee: €0.
The monthly payment settlement date is the 20th of each month, but if you have chosen to pay the bill on the 5th and you opted for the deferred payment, you will have to pay interest from the settlement date until the payment date.
The minimum monthly payment is €20, and you can choose any higher amount.
The payment chosen is used to pay the interest and agreed expenses first, and then to repay the loan or the balance you draw down. Because of this, selecting lower payments could lead to a smaller proportion of the principal being repaid every month.
Once you take out the card, you can use both the BBVA app and bbva.es to calculate the repayment period based on your chosen payment method, as well as the total interest payable, if any.
You can also use the Bank of Spain's revolving card simulator to calculate the approximate total card payment or the final payment date, based on the amount and the payment method chosen.
Remember that you can change the payment method for your card whenever you want.
Deferred payment example revolving with fixed payment
This example complies with the information requirements of Order EHA/1718/2010, which governs and controls the advertising of banking services and products, the conditions of which may not correspond to those of the contract.
If you make a purchase for €1,500 with an annual NIR of 15% and you choose to make a fixed monthly payment of €41.75, you would have to pay:
- 48 monthly payments of €41.75.
- The total amount payable will be €2,003.81 and the APR will be 15.95%.
IMPORTANT: With the settlement system of the A tu Ritmo Card, it isn't always possible to repay the credit in 48 equal monthly installments because the minimum amount payable is 3% of the balance drawn. This means that every month, you will pay the higher of the following amounts:
- The selected fee, made up of principal, interest and fees.
- Or 3% of the credit drawn before settlement, plus the interest and fees for the period.
Therefore, if you get this card and on the same day, for example, May 1, 2021, you make a purchase for 1,500 euros and choose to make payments of €35 on the 5th of each month, the total amount payable over 48 months, assuming an NIR of 15%, would be €1,946.47. The APR will be 16.07%.
Remember that if you decide to pay the bill on the 5th of the month, you will have to pay interest from the settlement date until the payment date.
