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Agrocoop Business Card

Agrocoop Business Card

The Card Business Agrocoop is a Visa of credit intended for farmers and agricultural cooperatives and ranchers.

  • Customizable with your cooperative's logo.

  • Extensive coverage from the associated insurance plans.

  • From €600 to €6,000 credit.

  • Without fee for issuance and maintenance of credit card the first year.


How does it work?

Is a credit card with which can spend money, until the limit set, for do your purchases or carry out cash withdrawals credit through card in ATMs, without use the money that have in your account. You can pay it back at the end of the month or defer the payment in several installments. Credit cards are products used for financing; therefore, they require bank authorization prior to being issued.


Features

  • Credit limit: from €600 to €6,000.
  • Possibility of including the cooperative's logo as long as it's registered in the bank's chart.
  • Travel Accident insurance up to €310,000.
  • Medical expense insurance up to €3,000. 
  • Lost luggage insurance up to €600.
  • Flight delay insurance up to €570.
  • Employee Disloyalty insurance up to €15,000.

Payment

  • Payment methods:
    • Total payment: you pay back the money spent on the 5th day of the following month, with no interest.
    • Deferred payment: fixed amount (from €18) or a percentage (starting at 5%), with interest fees.

Terms and Conditions

  • Fee for issuance and maintenance of credit card: 0€ the first year. The rest of years have a fee for issuance and maintenance of 8.26€ for every account holder.
  • Interest rate:
    • Deferred payment: 19.56% APR.
  • Fees for cash withdrawal through card in ATMs :
Cash withdrawal Debit Credit
BBVA group ATMs in Spain 0% (minimum € 0) 2% (minimum €1.65)
ATMs in Spain of banks other than the BBVA group Note 1 Note 2
ATMs outside of Spain 2% (minimum €2.40) 4% (minimum €2.40)

Note 1: For the cash withdrawals credit through card in ATMs belonging to a company different of the BBVA GROUP in Spain in euros, BBVA have repercussions the same amount of the fee encashed for the company account holder of the ATM to BBVA. This amount will be provided by the bank that owns the ATM before the cash withdrawal.

Note 2: For the cash withdrawals credit through card in ATMs belonging to a company different of the BBVA GROUP in Spain in euros, BBVA have repercussions the same amount of the fee encashed for the company account holder of the ATM to BBVA. This amount will be provided by the bank that owns the ATM before the cash withdrawal. Likewise, BBVA will charge you the associated fee for provision of credit at BBVA Group ATMs in Spain. This fee is additional to that one of cash withdrawal credit through card in ATMs of companies different than those ones of the BBVA GROUP in Spain.

  • Fee for using the Card outside the Eurozone: 1.5% on the equivalent amount in euros for all transactions outside of the Eurozone, based on the exchange rate obtained by the payment systems on the date when the respective settlement occurs.


What are the necessary requirements?

  • Have an account at BBVA and be the account holder of the same.

  • There are additional fees, such as those that arise due to a delay in the monthly installment payment, withdrawing or transferring cash against the credit available on the card or for using the card abroad. Before signing the contract, you will receive the European standardized information on consumer credit.
  • BBVA Wallet is an App free that you allows do from your cell phone the operations usual and other services, as finance the purchases that pay by credit card, consult your movements right away, see in a map where have carried out your operations and profit from discounts in a wide variety of shops.

  • Nominal Interest Rate (NIR): it is the percentage the bank charges customers for deferring repayments of the money spent during a month.
  • Annual Percentage Rate (APR): index of the cost or effective performance of a financial product. It takes into account the nominal interest rate of the transaction, the frequency of payments (monthly, quarterly, etc.), the banking charges and some expenses of the transaction.