Signet Bank’s terms of service of payment cards become even more favourable

Serving clients’ best interest, Signet Bank introduces changes to the terms of service for card transactions. As the results of using payment cards show, our customers are increasingly using their payment cards for online purchases, card payments and ATM cash withdrawals. Signet Bank introduces the following improvements to make your daily life even more comfortable:

Withdraw cash at ATMs around the world free of charge!

Signet Bank offers cash withdrawals (5 times a month) up to EUR 1,000 at a time with a Mastercard Gold card at any ATM in the world with no fee.

No card annual fee!

Signet Bank encourages you to make purchases with Mastercard World Elite or Mastercard Gold cards and pay no annual fee for using the card. The total amount of purchases (for the last 12 months) with a Mastercard Gold card should be EUR 24,000 or more, with a Mastercard World Elite card – EUR 60,000 or more.

Yet more advantages with a Mastercard Gold card!

Signet Bank reduces the annual card fee by 50% for all Mastercard Gold cardholders – from EUR 100 to EUR 50 per annum.

Enjoy credit holidays until the 25th of the following month!

Signet Bank extends the credit holidays for Mastercard World Elite cardholders from 45 to 55 days. If the used credit funds are fully repaid by the 25th of the following month, no interest is applied.

Enjoy the benefits of a lower credit card interest rate!

Signet Bank reduces the interest rate for Mastercard World Elite credit cards from 20% to 16%.

Travel safely with Signet Bank!

Signet Bank offers Covid-19 health insurance at no additional charge for Mastercard World Elite cardholders. The amount of insurance compensation for risks associated with Covid-19 is up to EUR 40,000.

The proposed changes are effective from August 1, 2021.

The bank was founded in 1992 as Latvijas Biznesa banka. Since 2013, it has focused its strategy on servicing entrepreneurs and their businesses, with an emphasis on high-quality capital maintenance and structured investment projects. Signet Bank’s majority shareholders are a group of Latvian and international investors, which includes SIA Hansalink, SIA Fin.lv, and Signet Acquisition III.