Libra Internet Bank Launches Lowest Interest Online Credit Card in Romania

Libra Internet Bank has launched a new credit card for individual clients, positioning the product as the lowest-interest option currently available in the Romanian market.

The credit card is available exclusively through online channels, with the bank claiming that the application process is 100% digital and can be completed within two minutes.

According to reporting from Ziarul Financiar, the new credit card features an interest rate of 10%.

Wall-Street.ro describes the launch as an aggressive entry into the credit card market, noting that the bank is utilizing the low interest rate to compete for a larger share of the consumer lending sector.

The product is targeted specifically at individuals, emphasizing speed of acquisition and cost-efficiency compared to existing market offerings.