What is it?

The purchases you make with your credit cards are not immediately charged to your account, but taken out of a credit limit that was established when you applied for the card. This means that the amount of your purchases will be charged at the end of the month, when the billing cycle ends and the amount is deducted from the associated bank account. For a refresher on the different types of cards, please re-read our post about the differences between a credit card and a debit card.

To give you more flexibility when it comes to managing your finances, you can now pay for credit card purchases over €150 in installments over 3 or 6 months, and 10 or 12 for those over 500€*. No need to go to your local branch, or talk to your manager: with MoraBanc Digital, you can now finance your purchases anytime, anywhere, and from any device.

How does it work?

From now on you will see a INSTALLMENTS label next to purchases of €150 or more that you make with your MoraBanc credit cards; you can see these purchases (on both the app and online bank) on the transaction list and the current statement. This label will appear the day the purchase is credited and will be removed the day before the end of the billing cycle.

If you want to pay for the purchase in monthly installments (3 or 6), all you have to do is click on the message and complete the transaction details: we’ll show you the interest rate applied, the amount of the monthly fee and all other terms and conditions. If you agree, confirm payment in installments with your MoraBanc Digital signature. It’s that easy! Quick, no lines, no visits to the bank, no phone calls… just your mobile device, whenever and wherever you want.

And if you change your mind before the billing cycle ends and prefer not to pay for a particular purchase in installments, simply select it from the list of financed purchases to cancel. The total amount of the purchase will reappear in your credit card transactions for that month and will be charged in full at the end of the billing cycle.

What if I want to know how much I owe?

When you decide to finance a purchase it will appear with the INSTALLMENTS tag on all card transaction statements and lists. A direct access button will open all the details on a particular financed transaction.

You can also see how much you owe from the Consultations option on your credit card page. Consult your payments in installments to see all related information: pending payments, total amount, and installment amounts. And we also offer you the option to cancel any of your financed purchases in advance.

Remember that you can always check all the details of your cards from the MoraBanc Online wallet: select the (i) icon that you see over the image of the card for information on how much credit you have spent on that particular card, including purchases made in the current month, financed purchases, and installments or pending charges.

Which now means that you’ll never have to miss out on special offers or promotions again due to a lack of funds. Your MoraBanc cards provide greater flexibility when it comes to planning your payments, complete with all the security measures you already receive: SMS notifications, secure online purchases with the OTP code, the option to block your card from the app in case of theft or loss… and it’s contactless!

All of our transactions can now be easily and quickly managed from your mobile device, anytime and anywhere. Download the app for free and discover all the advantages of being a MoraBanc customer.

Have questions or need more information about a transaction? Remember that you can find the answers in our help section or contact us through the contact form on our website.

*Updated: October 2020.