Vietnam to have the first zero interest credit cards

On April 25, the launching event of VIB Zero Interest Rate credit cards - free of interest rate for all card expenses, was held with the participation of hundreds of customers and close partners of Vietnam International Bank (VIB). This is the first time in Viet Nam that waiving interest rate policy was long-term applied in accordance with 5 years of credit cards’ validity, instead of 45 to 60 days as usual.

With the target to bring outstanding benefits for all expense demands and financial freedom to customers, Vietnam International Bank (VIB) has researched and introduced Zero Interest Rate credit cards with preeminent and unique features: Waiving interest rate for all card spending transactions and waiving transaction fees in the first 3 months from the card’s activation date.

This is the first credit cards in Viet Nam enabling cardholders to use the bank’s capital without interest rate during credit cards’ validity. Specially, VIB has also launched limited version of this credit card for the first 1.000 customers with unique, strong and luxurious design, affirming the leading position of Zero Interest Rate credit cards in Viet Nam.

Beside that, the cardholders will be offered 0 percent of installments at hundreds of VIB partners all over the country and up to 50 percent discount for food, travel, hotel, healthcare expenses. Some of recent outstanding promotion programs for VIB’s cardholders are 30 percent discount at Lioncity Group, The Pizza Company, Sharetea, Hoàng Yến Group every Friday, Saturday and Sunday; 10 percent refund at booking.com; Buy VND10 million to be discounted VND1 million, 0 percent of installment at Nguyễn Kim; Buy from VND1,5 million to be discounted VND300.000 on shopee.vn every Sunday; 15% discount on Agoda.com every Wednesday...

Along with outstanding and unremitting benefits, Zero Interest Rate credit cards have been applied the most advanced securities such as 3D-secure and intergrated features enabling the cardholders to easily manage cards anytime at anywhere via Internet banking or Mobile banking application MyVIB. This helps the cardholders to actively lock cards in emergency cases or activate/open online payment features and reset passwords conveniently and quickly on mobile phones without calling hotline or going to VIB’s branches. 

In addition, VIB’s credit cards are applied technologies to quickly meet the customers’ demands, reduce papers and protect environment. VIB is also the first bank to launch Virtual Card feature, enabling customers to make online transactions immediately after issuing credit cards on the system without receiving physical ones; and Green PIN feature, allowing customers to receive and change PIN immediately via MyVIB mobile banking application without receiving PIN on paper. In the early of May, VIB will implement contacless payment feature for its credit cards, helping customers to complete transactions with a slight tap to payment terminals instead of swiping the cards over magnetic stripe or chip reader.

With an income from VND12 million per month, customers can immediately own VIB Zero Interest Rate credit cards by accessing to www.vib.com.vn or VIB fanpage, calling hotline 18008192 or going to any VIB’s branches all over the country. If using MyVIB, customers click  “Apply for VIB products”, choose “Credit card”. Then VIB’s staffs will contact within 5 minutes to consult before the credit cards will be issued and delivered to customers.