Bank Millennium extends promotion of the Millennium Visa economic credit card

At the same time as of 1st July 2005 Millennium is reducing the interest rate on credit for non-cash transactions to 19.9% (from 26.85%) for all holders of Millennium Visa economic cards issued before 1st January 2005. The change of interest rate also concerns repayment of credit under a credit card issued by another bank, done by debiting the Millennium Visa economic card limit.
 
The Bank Millennium Millennium Visa economic is the winner in this year's credit card ranking of the "Rzeczpospolita" daily. The card won in two out of three rankings: for customers frequently using card credit and for persons who seldom go into debt on the card. The card ranked second on the list of cards for customers who pay the entire debt on the payment date.
 
To become a holder of a Millennium Visa economic card one does not need to have a current account in Bank Millennium. A customer may receive a Millennium Visa economic card on the basis of statements for last 3 months of a card issued by another bank. An application for the Millennium Visa economic card may be submitted online at: www.millenet.pl, by calling 0 801 125 000 or in the nearest branch of Bank Millennium.
 
The Millennium Visa economic card permits the holder to make daily payments as well as financing major, unexpected expenses. The customer himself decides when and in what amount to use the credit. Thanks to the Millennium Visa economic credit card the customers can enjoy a maximum of 50 days free credit. The minimum amount of monthly payment is merely 5% of the debt. Additionally Bank Millennium is the only bank in Poland to accrue interest (except a cash advance) not as of the day of the transaction but as of the beginning of the next settlement period.
 
Expenses made with the card can be controlled at any time online, via Bankolinia, the "MilleSMS" mobile phone alert service and on monthly statements. Moreover the card can be stop-listed at any time.
 
The Bank is also offering insurance cover to go with the Millennium Visa economic card. The insurance packages include i.a. foreign travel insurance, which comes in handy especially during holiday travels. The monthly fee of PLN 4.99 provides the customer with insurance in case of accidental injury (up to PLN 40,000), cost of medical treatment (up to EUR 15,000), loss of baggage or flight delay. Meanwhile the "Pewna Spłata" cover relieves the customer of worrying about credit card debt payment in case of job loss or other accidents. This is also a guarantee of transferring to the bank the liability for transactions done with the card within 72 hours before the card was stop-listed by the customer.