Changes to Visa and Mastercard credit as of 1 December 2021

If you use OP eServices user identifiers, you can check your credit card billing method as follows:

• OP-mobile: Accounts and cards - Select a card - Bill - Billing method
• Op.fi service: Money (or Cards) - My cards - Select a card - Billing – Billing method

If you do not have OP eServices user identifiers, you can call our customer service to check which billing method you use.

Start using e-invoices or direct payment. These are free-of-charge billing methods.

• Switch to e-invoices if you use OP eService user identifiers or those of another bank.
• If you do not have the option of online banking, you can start using direct payment.

See our instructions below on how to start using these.

An e-invoice is a bill sent to your online or mobile bank in electronic format. Paying e-invoices is easy with a PC, tablet or smartphone. E-invoices are easy to use, flexible and secure, and have just one third of a paper bill’s carbon footprint.

The bill will arrive at least two weeks before its due date and you will be notified of its arrival. You can choose when to pay the bill, from which account to pay it, and how much you will pay.

• If you have OP eServices user identifiers, you can order e-invoice on OP-mobile or the op.fi service.
• If you do not have OP eServices user identifiers, see your own bank’s instructions on how to start using e-invoices.

This is how you can order the e-invoice on OP-mobile or the op.fi service

First check the reference of your loan on OP-mobile, op.fi service or see your paper bill.

OP-mobile

• See the reference: Accounts and cards - Select a card - Bill - Repay credit - Reference
• Then select Payments - E-invoices - Order and manage e-invoices - Order e-invoices

Payee: OP Retail Customers plc

Subject: Visa/Mastercard bill

Op.fi service

• You can found the reference as follows: Money (or Cards) - My cards - Select a card - Billing – Reference number of bill
• Then select Payments - Order e-invoices

Payee: OP Retail Customers plc

Subject: Visa/Mastercard bill

When ordering e-invoicing for card-based credit, it is best not to choose automatic payment if you want to check your credit card bills.

If you do not have access to online banking, direct payment is the easiest and safest way to pay bills. With direct payment, your bank will pay your bills for you on the due date. You will receive a notification by post from the payee, which provides details on the payable amount and your credit card transactions.

If you want to start using the direct payment option, call your own bank’s telephone service to agree on this. Keep the latest bill close at hand to check the details needed for the payment.

The paper bill surcharge will be included on your credit card bill. You cannot use OP bonuses to pay for the charge.

The new charge will not apply to the K-Plussa Maksuaika card or OP-Visa Platinum card.

This change will apply to you if you pay the same amount on your credit card bill every month. In future, the minimum payment will be based on the outstanding balance on the billing date. As the outstanding balance decreases, so too will the minimum payment. However, the minimum payment will always be at least 30.00 euros. When you receive the bill, you can decide whether to pay the agreed minimum payment, the entire outstanding balance or anything in between.

For example, if your credit limit is €6,000 and your outstanding balance on the invoicing date is €1,500:

• The minimum monthly payment is now €120 (2% of the credit limit)
• The minimum payment after the change will be €30 (2% of outstanding balance)

When ordering e-invoicing for card-based credit, it is best not to choose automatic payment if you want to check your credit card bills. On the other hand, automatic payment will keep working if you want to use it for e-invoices. The minimum payment will increase if it has been less than €30, in which case you will have to increase the euro limit for automatic payment.

In future, the minimum monthly payment for card-based credit will change with each invoice, in accordance with the outstanding balance on the billing date. After the changes, you cannot keep using the same euro amount in the payment template, but can check the payable amount separately based on each invoice. No changes will be made to the payee’s details, account number or reference number.

If this is the case, there will be no changes in your repayments of card-based credit.