2.2% annual rate on the account balance
The first bonus program 2.2% annual rate on balance in customer points at Fintech Assets OU implies the payment of bonus points with the calculation period from the 1st day of the previous calendar month to the 1st day of the current calendar month (including the first day but not the last). The monthly payment for the calculations made for the previous calendar month is made within the first 10 business days of the current month.
The customer can seamlessly switch between bonus programs. In this case, the billing is carried out according to the program, which was active at 00:00 on the 1st day of the current month.
Calculation Procedure
1. The calculation of the average balance
The weighted average balance is calculated to verify the participant’s compliance with the conditions of the bonus program:
Where,
- • Balance at 24-00 – the balance in customer points gathered at 24-00 every day.
- • Day - every day when the program was enabled.
- • n - the number of days the program was enabled.
2. Calculation of bonus points
Where,
- • Balance at 24-00 - the balance in customer points gathered at 24-00 every day.
- • Day - every day when the program was enabled.
- • n - the number of days when the program was enabled.
- • The actual number of days in a year - the actual number of days in a year passed on the settlement date.
- • % bonus - the percentage of the remaining points paid as bonus points.
This program is only available for Blackcatcard users.
4% annual rate on the account balance
The bonus program 4% annual rate on balance in customer points at Fintech Assets OU implies the payment of bonus points with the calculation period from the 1st day of the previous calendar month to the 1st day of the current calendar month (including the first day but not the last). The monthly payment for the calculations made for the previous calendar month is made within the first 10 business days of the current month.
Conditions:
- • The average monthly account balance has to be €300 or more
- • The minimum monthly payout is €0.10
The customer can seamlessly switch between bonus programs. In this case, the billing is carried out according to the program, which was active at 00:00 on the 1st day of the current month.
Bonus depends on the weighted average balance for the previous month. If the weighted average balance is €300 or more, a 4% bonus is applied; if the weighted average balance is less than €300, then a 2.2% bonus is applied.
Calculation Procedure
1. The calculation of the average balance
The weighted average balance is calculated to verify the participant’s compliance with the conditions of the bonus program:
Where,
- • Balance at 24-00 – the balance in customer points gathered at 24-00 every day.
- • Day - every day when the program was enabled.
- • n - the number of days the program was enabled.
2. Calculation of bonus points
Where,
- • Balance at 24-00 - the balance in customer points gathered at 24-00 every day.
- • Day - every day when the program was enabled.
- • n - the number of days when the program was enabled.
- • The actual number of days in a year - the actual number of days in a year passed on the settlement date.
- • % bonus - the percentage of the remaining points paid as bonus points.
This program is only available for Blackcatcard users.