Credit card issued by Cajamar Caja Rural and linked credit line granted by GCC Consumo Establecimiento Financiero de Crédito, S.A. Subject to prior authorisation, study of the documentation provided, and signing of the contract”.
Representative example of a revolving credit of €1500, with a 4% arrangement fee of €57.69 included in the finance, monthly payments of €43.40 over a period of 47 months plus a residual monthly payment of €42.29. NIR 17.00% APR 21.15%. Total amount repaid €2,082.09. Interest €582.09. Total cost of the credit €639.78.
French amortisation system. Representative example calculated according to Order ETD/699/2020, of 24 July, regulating the revolving payment method.
The monthly amount may vary from the representative example depending on the approved amount of your credit line, as well as the period over which you repay any drawdowns. The selected monthly payment is allocated (1st) to the payment of contractual interest (2nd) to fees and expenses, (3rd) to insurance, if taken out, and (4th) to repayment of the capital used.
The minimum monthly payment is 4% of your current credit line, and you can request to change this through our communication channels, completely free of charge, as often as you need to. If you choose a low monthly payment with respect to the total amount of the accumulated debt, repayment of the principal sum will take longer, and the amount of interest paid will be higher.
There is a cash withdrawal fee of 4% with a minimum of €3.
Deferred payment. Through the Plazox*, system, customers can defer payment on retail purchases charged to the available balance of the card, under different financial conditions from the revolving payment system..
You can defer any amount from €60 or 100, depending on the retail sector** and each retailer can also establish a higher amount. Representative examples of a single retail purchase of €1500 with deferred payment mode and financed fee:
- A. Payment spread over 3 monthly instalments, arrangement fee 2.5% (€37.50), monthly payments of €512.50, NIR 0% APR 16% , total interest €0. Total cost of the credit €37.50. Total amount repayable and total amount of credit €1537.50. APR may vary depending on the repayment term. French amortisation system.
- B. Payment spread over 6 monthly instalments, arrangement fee 3% (€45), monthly payments of €257.50, NIR 0% APR 10.71% , total interest €0. Total cost of the credit €45. Total amount repayable and total amount of credit €1545. APR may vary depending on the repayment term. French amortisation system.
- C. Payment spread over 9 monthly instalments, arrangement fee 3% (€45), monthly payments of €171.67, NIR 0% APR 7.38% , total interest €0. Total cost of the credit €45. Total amount repayable and total amount of credit €1545. APR may vary depending on the repayment term. French amortisation system.
- D. Payment spread over 12 monthly instalments, arrangement fee 4% (€60), monthly payments of €130, NIR 0% APR 7.55% , total interest €0. Total cost of the credit €60. Total amount repayable and total amount of credit €1560. APR may vary depending on the repayment term. French amortisation system.
Right of withdrawal: The holder(s) will have a period of fourteen calendar days to withdraw from the contract as of the date it is signed or receipt of the contractual conditions and the mandatory information established by law, if later, without having to give any reason or pay a penalty, for which, the holder(s) shall:
- Notify the Customer Service Department: Atención al cliente, GCC CONSUMO, E.F.C., S.A, Paseo de los Melancólicos 14 A, 28005 Madrid, of their intention to withdraw from the contract, sending a written letter by certified mail with acknowledgement of receipt or other means that accredits sending and receipt.
- Repay without undue delay, no later than thirty (30) calendar days after sending the notification of withdrawal, in cash or cheque made out to GCC CONSUMO, E.F.C. S.A, the amount of any drawdowns made and the accumulated daily interest on that amount, calculated at the applicable contract rate, from the date the drawdown was made until the effective date of capital repayment.
The daily interest rate will be calculated based on the debtor rate agreed in the Specific Terms and Conditions divided by 365 days.
The customer must use the credit card responsibly. Excessive use of financing involves a risk of over-indebtedness with long-term consequences that can affect your financial planning.
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