The Ministry of Education of Azerbaijan Republic The impacts of e-banking to the development of Azerbaijan economy

Smile Card (Express Bank)

Advantages: Not only in the bank's partner network but also at any store, it also allows you to pay for a 6 or 12 month installment (interest-free installment). Smile Card also automatically joins the Express Club program and earns up to 20% of the partner's partner stores and 0.3% cash-back in non-affiliate stores. The card is completely free to customers.

Disadvantages: No interest-free installment.

What is a Birkart?

A credit card product with a "BirKart" installment function. It is possible to carry out both cash, cashless and installment transactions through the card.Installment - is a function that allows the Bank to pay for goods and services at the trading points where it is partnered with interest-free and non-commissionable up to 18 months. The number of trade points that BirKart cooperates with on the installment project is considerable. Paying particular attention to this feature of the card, the Bank also carries out installment campaigns on special occasions. For example, on the eve of the New Year holiday + 3 installments were donated to the Bank by all installments. According to the taxpayer features and the number of partners, "BirKart" is one step ahead of its competitors on the market. Cashless payments - You can also make online purchases online and abroad. At this time, the amount you use will apply for a period of up to 40 days (up to 10 next month). No additional interest or commission is received from the customer if the debt is fully seized during this period. However, if the entire amount you use during the month is not refunded to the next month, the grace period will not apply, and the interest rate will be added to the debt at 11:00 on the relevant date (25% per annum). We would like to especially emphasize one thing that if the client does not want to pay interest and commission on non-cash payments, he should fully repay the debts arising during the month. Cash transactions - One Card is not profitable at all. 1.5% (min.2 AZN) commission is applied to ATMs for cash withdrawals. Also, the cash flow transaction period is not applied. In other words, cash is accrued at the rate of 25% per annum starting from the next day.