Baku:ABB has unveiled its new 'TamKart Max' credit card, offering customers enhanced flexibility in financial management, purchase planning, and credit limit utilization. The card allows users to spread purchase payments over 12 months without incurring interest through the 'TAM 12' feature, a first for any bank in Azerbaijan.

According to Azerbaijan State News Agency, 'TamKart Max' provides more favorable terms for various transactions compared to traditional credit cards, including everyday purchases. Cardholders benefit from a grace period of up to 60 days on all transactions and can convert eligible payments into installments of up to 24 months using the 'Convert to Installments' feature.

The card offers significant control over repayment schedules. Using the ABB mobile app, customers can extend installment periods for purchases at partner stores to up to 24 months without additional interest or fees for early repayment. The card also allows for 100% cash withdrawals of the credit limit and has a credit limit range from AZN 300 to AZN 30,000 with an APR of 18.40%-41.60%.

The 'TAM 12' feature permits interest-free payments for amounts up to 20% of the approved credit limit, capped at AZN 2,000, within 30 days of the credit agreement. The 'TamKart Max' credit card can be requested online via the ABB app or website, and it is available in a digital format, eliminating the need for a physical card.