When it comes to benefits of Timo Mastercard, the first benefit that would come to your mind is probably the convenience of being able to use Timo Mastercard as a replacement for cash anywhere, even when you are abroad. However, in addition to the usual benefits of a credit card, Timo Mastercard also offers a flexible installment scheme with several outstanding benefits. With the Timo Mastercard installment scheme, customers with high shopping needs can now split their payment into smaller amounts without worrying about having to use a large portion of their credit limit at one time. You can find a close-up view of the 3 outstanding benefits that come with Timo Mastercard installment scheme in the article below.

Open a Timo account to sign up for a Timo Mastercard here.


Loan applications often bring a feeling of discouragement and confusion due to the complexity of applying and having to provide financial proof. With the flexible installment scheme of Timo Mastercard, you will not have to worry about the above problems anymore, as all the complicated procedures are eliminated.

To use the installment scheme of Timo Mastercard, you only need to own an active Timo Mastercard. Eligible transactions to be paid by this installment schemes only have to be done in Vietnam and are equivalent to 3.000.000 VND and above. The chosen installment repayment period only has to be shorter than or equal to the validity period of your Timo Mastercard.

Another outstanding point needed to be seen here is how every application step and usage can be carried out in the Timo app. This helps you to avoid the following 3 problems: having to visit a bank, having to depend on the bank for every application step and usage, having to wait a certain amount of time.

How is it possible that you can just use the Timo app to apply for and use this installment scheme? This is because all eligible transactions that can be converted into installments will be labelled as “Create Installment” in the Timo app. You only need to create an installment for this payment and choose your repayment period: 3, 6 or 12 months. You can also monitor the status of the monthly payments you need to make easily in the app.

Find out more about qualification criteria and how to apply here.

Open a Timo account to sign up for a Timo Mastercard here.


Once you have completed your application for Timo Mastercard installment scheme, every following eligible transaction with a minimum value of 3.000.000 VND can then be easily converted into installments. Better yet, this feature can be used nationwide and is not restricted to any location.

The installment scheme of Timo Mastercard does not only apply for Timo’s partners. As long as your transaction is made within Vietnam (online or at the store) and considered to be eligible, such transactions can be converted into installments.

In addition to unlimited locations of where the scheme can be applied, you are also not limited to locations where you can track your payments as the Timo app will automatically update all necessary notifications to users.

Find out more about the terms and conditions of Timo Mastercard installment scheme here.

Open a Timo account to sign up for a Timo Mastercard here.


The flexibility of payment is demonstrated through several different utilities. The first flexibility lies in the fact that any of your eligible transactions with a minimum value of 3.000.000 VND and above can be converted into installments. You wouldn’t need to wait a long time before buying something you want, nor have to worry about spending a large portion of your credit limit on one thing.  

Additionally, to help you choose a repayment period that suits your financial capability, we also offer 3 different installment repayment periods, including: 3, 6 and 12 months. You are also in complete control of your repayment. At every active installment, you can clearly see all the important information you need to know, such as: remaining repayment time, due date, monthly payment, total payment, etc. You can also choose to pay early before the end of your repayment period.

With these 3 outstanding benefits of installment scheme, you can easily manage your spending and enjoy the pleasure of getting what you want at anytime you want. Find out more about Timo Mastercard here.

Open a Timo account to sign up for a Timo Mastercard here.


  • Did you know? 

    To help you save time and money so you can live your life instead of spending it at a bank, Timo digitalizes the majority of regular banking transactions so you can bank anywhere and anytime. Here are some of the highlights that you can look forward to: 

    Free ATM withdrawals/money transfer

    Free annual fee for Timo Debit cards 

    Smart online saving tools with competitive interest rates

    Convenient Timo Mastercard with attractive benefits

    Get an overdraft loan within 30 minutes via the Timo app

    Send a payment request, lock/unlock your cards, pay bills right within the app 

PIN is always known as a security code that any cardholder gets upon opening a new bank card. PIN is commonly used to verify transactions at ATMs, CDM or any transaction made through POS swipes. In addition to PIN, the Timo app also has Quick Code to make it safe, faster and easier for users to make access the app.

So what are the differences between PIN and Quick Code? When and where do you use each of them? The following article will help you to answer these questions.

Definition of PIN

Your PIN (Personal Identification Number) is a combination of numbers known only to you and is used to verify your card ownership. It can be simply understood as a security code used to verify any transaction made from your bank card, such as ATM withdrawals or POS swipes. PIN is used to protect your bank card details and avoid any unauthorized transactions made from your card.

After picking up your card and receiving your PIN, you should change your PIN immediately to protect your account security. Avoid setting up a predictable PIN such as your birthday, phone number, etc.

Definition of Quick Code

Quick Code is a fast security code for the Timo app. To prevent the Timo app from being accessed by an unauthorized person, Quick Code is required every time the Timo app is being accessed after it is not properly closed. Additionally, you can also use your Quick Code to lock/unlock card in the app and change your PIN in cases when you do not remember your current PIN.

How to differentiate between PIN code and Quick Code?

Both PIN Code and Quick Code are set as unique combinations of 4 numbers at Timo. However, the roles of PIN and Quick Code are completely different.

  • PIN is the first step that is required when you try to access your card at any ATM machine. It is also required when you settle a payment via POS swipes. This means that if you do not have your PIN, you will not be able to use the money in your card.
  • On the other hand, Quick Code is used to protect your account in the Timo app or via Quick Code will help you to avoid having someone else log into your Timo app in cases when your phone goes missing or gets stolen.

Hopefully this article helped you to solve any confusion between these 2 security codes and clearly understand the differences between PIN and Quick Code.


The preparation process is significantly important to organize a memorable holiday with your family, friends or loved one. A holiday with no financial problems and unexpected issues needed to be addressed will surely be more of a pleasant experience to anyone. If you are planning an overseas trip this upcoming summer, don’t forget that Timo can help you to prepare for your trip better.

Find out how Liberty Insurance and Timo Mastercard can help you have more of a safe and pleasant trip in the following article.

1/ Protect yourself with travel insurance from Liberty Insurance

In the process of planning and preparation, one of the things you need to think about is how to prevent and solve potential risks and issues. Luggage loss, illness, loss of money or personal documents are a few incidents that may occur during your overseas trip. With the support and protection of travel insurance, these incidents can easily cause dramatic financial losses.

Therefore, before packing your suitcase, get yourself and your love one a prestigious and trusted travel insurance package to prevent those potential incidents. With a goal to provide you with trustworthy products and a high degree of convenience, we partner with Liberty Insurance you the peace of mind you deserve on every overseas trip.

To make it easier for you to choose a travel insurance package suitable for your financial ability, Liberty TravelCare insurance is divided into 3 packages, including: Classic, Executive and Premier. Although they are 3 different packages, they all bring comprehensive protection against such risks as:

Overseas and local medical treatment expenses for illnesses and accidental bodily injuries
Overseas compassionate visit
Trip cancellation or postponement
Loss of or damage to baggage or personal effects
Loss of money or travel documents
Loss of or damage to the household contents in Vietnam residence due to fire

Qualification criterias to apply for Liberty Insurance are pretty simple as they are applied for all Timo cardholders. As long as you are a Vietnamese National or a foreigner with a valid residence card in Vietnam and are not over 75 years of age, you can buy whichever travel insurance package you want right in the Timo app.

Find out more about Liberty Insurance here.

2/ Apply for a Timo Mastercard to enjoy a cashless holiday

To enhance your peace of mind during the upcoming overseas holiday, besides getting travel insurance, get yourself a multifunctional credit card to enjoy a cashless holiday. Owning a credit card means you will not need to worry about bringing as much physical cash with you and having to be cautious about it all the time.

If you are already a Timo customer, don’t forget that you can apply for a Timo Mastercard for your upcoming trip right in the app. For those who are unsure that they can be qualified for a Timo Mastercard through another existing credit card or opening a Term Deposit of 20 millions VND, you can start maintain an average balance in your Timo Spend Account to be qualified for your Timo Mastercard. Specifically, to qualify, you need to maintain an average balance of 2 millions VND over the nearest 3 months. Hence, to get a credit card for your summer holiday on August, you need to start maintaining your Spend Account balance now or at the beginning of April at the latest.

Learn more about qualification criterias for Timo Mastercard here.

Owning a credit card also means that you will not need to gather a lot of money for your upcoming trip as the credit limit of Timo Mastercard can get up to 100 millions VND. Equally, you can also enjoy your holiday more without having to worry that the more transactions you make with your card, the higher the interest you will have to pay. This is because your first 44 days of spending with Timo Mastercard is completely interest fee. Additionally, the first annual fee associated with your Timo Mastercard will also be free after you have 3 transactions of 300.000 VND each made within 30 days of card issuance.

As you can see, Liberty Insurance and Timo Mastercard can easily be applied for right in the Timo app. We bring these convenience to you so you can easily have the right tools and support you need for your upcoming overseas trips. Give yourself a cashless holiday and don’t forget to protect yourself & your loved ones against potential risks to have more of an unforgettable trip.




In a wide range of banking terminologies, many people are still often confused between account numbers and card numbers. The confusion between these two terms can cause you more time spent on making a transaction as you would have to re-enter the required information to complete your transaction.

To help you become more proactive in carrying out transactions and personal plans, here is a detailed explanation of the differences between account number and card number.

1/ What are the differences between card numbers and account numbers?

Upon opening a card and bank account, each customer will be provided will a physical card and an account number to use. Your card number will be printed on your card, and your account number is usually provided on a piece of paper handed over to you by a staff at a bank or sent to you via your registered email address.

  • Card numbers: You card number can either be an array of 12 numbers or an array of 19 numbers. Each customer will have a unique card number provided on their card. In your card number, the first 4 digits are called BIN (Bank Identification Number) and the following 2 digits are used to represent your issuing bank. These numbers are used to identify the type of card being used, the geographic location of the card issuer and which bank issued the card. The The following 4 digits are usually the CIF (Customer Information File Code) number.
  • Account numbers: Your account number can either be provided to you on a piece of paper handed over to you by the bank’s staff or sent to your registered email address. At some banks, your account number can also be printed on the front side of the card. Account numbers usually have 9 to 14 numbers (depending on each bank), in which the first 3 numbers represent your bank branch. Some banks also provide letters in their customers’ account numbers.

2/ When to use account number and when to use card number?

As account numbers and card numbers are used in different situations, knowing when and where to use them will bring a lot of convenience to your daily transactions.

Card numbers are often used in online transactions via e-commerce websites/apps. Upon arriving at the payment step, you will usually be asked to choose the type of card you are using (credit card, debit card, domestic ATM card, etc.). If you use your Timo Debit Card to pay, select domestic ATM card. If you use your Timo Mastercard to pay, select Credit Card.

On the other hand, account numbers are usually used to receive or transfer money from your account. For instance, when you start a new job, you will be asked to provide your bank account details, including: account number, account holder’s name, your bank’s name, etc. This is one of the cases where you must use your account number instead of your card number. Your card is very important for money transfers, so make sure you memorize it or keep it with you at all times.

However, with Timo, you can either transfer money with card number or account number. Better yet, when transfering money to another Timo account, you only need one of the following information: card number, account number or registered email address of the payee.

3/ Important notes to remember when making transactions via your account number or card number

  • Try to avoid confusing between your card number and account number. If you try to make a transaction and receive an error notification, check if you are mistaken for your card number with the account number or vice versa.
  • Banks in the NAPAS network allow transfer money to another bank within the NAPAS network with card numbers.


A quick reminder for our Timo Mastercard holders…

As you will remember, when you first received your Mastercard, we offered you the option of waiving the annual fee typically associated with Credit Cards in Vietnam for the first year. All you had to do was make 3 transactions on 300,000 VND each within the first 30 days of your card issue date.

After the first year, your applicable Timo Mastercard’s annual fee is 444.000 VND (including VAT) per year and will be charged to your credit card.

Your Timo Mastercard has been designed to be both secured and easy to use, so you can spend peacefully while easily managing your expenses. Plus, you’ll receive notifications in app, email and on your mobile for every transaction, have the ability to convert your purchases to installments and pay your outstanding balance in just a swipe and a tap.

For the detailed Mastercard fee schedule, please click here.

We hope you will continue using your Timo Mastercard and enjoy cashless convenience wherever you go.