Are you looking for a multifunction and convenient credit card to pay for daily expenses without having to worry about your account balance? Get to know several outstanding features of the Timo Mastercard via the following article to make a suitable decision for yourself!
Open a Timo account to sign up for a Timo Mastercard here.
1/ Carry out your application right in the app
Instead of having to sit at the bank to fill out the application form, with the latest version of the Timo app, you can now check if you are qualified to apply for a Timo Mastercard and fill out the application form right in the app. After filling in all required information, you can also set up a suitable appointment to pick up your Timo Mastercard and sign the agreement at the nearest Timo Hangout.
If you choose to open a Timo Mastercard by locking a 20.000.000 VND Term Deposit for 6 months, you need to prepare the equivalent amount of Money in your Spend Account before coming to Timo Hangout to pick up your card. Learn more about all requirements and conditions for opening a Timo Mastercard here.
Open a Timo account to sign up for a Timo Mastercard here.
2/ Request a new card right in the app (for existing Timo Mastercard holders)
To help you save time, the latest version of the Timo app also allows customers to request a new card and PIN right in the app and pay for the related service charge of 55.000 VND directly from their Spend Account upon requesting a new card. As the whole process can be done in the app, the only thing you would need to do is to come to the nearest Timo Hangout to pick up your new card.
Open a Timo account to sign up for a Timo Mastercard here.
3/ Be more proactive in paying for your credit limit
Timo Mastercard holders will receive their monthly credit card statement via their registered email. From the state provided, you will be able to know every transaction you have made with your Timo Mastercard during that month, fees (if any), the total outstanding balance and its due date.
However, to help you not having to pay a large amount of money at once, Tmo allows customers to be more proactive in paying for their credit limit. Instead of waiting for your credit card statement, you can pay for any transaction made from your Timo Mastercard in the app. As all transactions made from your Timo Mastercard are stored in the transaction history, the only thing that you would need to do is log in to your Timo app and select any transaction that you want to pay for prior to your monthly credit statement.
Open a Timo account to sign up for a Timo Mastercard here.
Additionally, you can also register for the recurring payment function so that, at the due date, the outstanding balance will be made automatically from your Spend Account. With the automatic payment function, you are allowed to select if you want to pay at least 5% or 100% of the monthly outstanding balance.
4/ Protect your card & pay for your annual fee with Quick Actions
With the Quick Actions tray, you can easily lock/unlock your card and pay for your annual fee even before logging into the app. This feature will be really useful for people with busy schedules as it will help you to protect your card away from the wrong hands and make the necessary transaction in a blink of the eyes.
Open a Timo account to sign up for a Timo Mastercard here.
5/ Getting a higher credit limit is possible
You can get a higher credit limit by maintaining the average balance in your Spend Account and Goal Save for 3 months. The higher the average balance, the higher your credit card limit Your credit limit will be 5 times greater than your average balance if your balance is below 15.000.000 VND, and 3 times greater than your average balance if your balance is above 15.000.000 VND.
Example: Your Timo Mastercard credit limit on February is 20.000.000 VND and you want to get a credit limit of 40.000.000 VND on June.
To get this, you will need to keep a minimum balance of 8.000.000 VND in your Spend Account and Goal Save for 3 months – March, April and May.
Find out more about Timo Mastercard here.
Open a Timo account to sign up for a Timo Mastercard here.
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Did you know?
To help you save time and money so you can live your life instead of spending it at a bank, Timo digitalizes the majority of regular banking transactions so you can bank anywhere and anytime. Here are some of the highlights that you can look forward to:
Free ATM withdrawals/money transfer
Free annual fee for Timo Debit cards
Smart online saving tools with competitive interest rates
Convenient Timo Mastercard with attractive benefits
Get an overdraft loan within 30 minutes via the Timo app
Send a payment request, lock/unlock your cards, pay bills right within the app
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