What is a statutory debt clearance period?

What is a statutory debt clearance period?

What is a statutory debt clearance period?

Your credit facility is subject to a debt clearance requirement. Before the end of the debt clearance period, you must have fully paid off the outstanding balance on your credit facility at least once so that the outstanding balance comes down to zero. That's why it's called 'debt clearance.' It is a statutory requirement under the consumer credit legislation.

If you pay off your spending in full each month, you automatically meet the requirement. If you spread repayment of your spending, you have to keep an eye out for the last day of the debt clearance period (the debt clearance date), which is shown on your billing statement and in KBC Brussels Touch.

Pay the outstanding balance off in time

If you want to fully pay off the outstanding balance at a certain time, you can easily do so by selecting your KBC Brussels Credit Card's tile in KBC Brussels Touch.

You can also do a classic transfer operation if you wish. Just use the account number mentioned at the foot of your monthly credit facility overview.

Debt clearance date reset

Once the outstanding balance has been fully repaid, a new debt clearance date is calculated. You can then see the new statutory debt clearance date on your next billing statement and in KBC Brussels Touch.

Pay by contactless card

  • Hold your card close to the payment terminal
  • Pay for small purchases
  • No need for a PIN

Pay by contactless card

Enjoy the ease of our Mobile app

  • Make cardless cash withdrawals
  • Shop online without a card reader
  • Get it for iOS, Android or Windows
Enjoy the ease of our Mobile app

Credit card for students

The multiple benefits offered by a credit card for students who have signed up for a prepaid card: convenient, safe and secure.
Credit card for students

Delayed flight or missed connection?

Are you a regular flyer? KBC Brussels will pay your additional expenses in the event of delays or overbooking.
Delayed flight or missed connection?
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