SVOYA credit card from Rosselkhozbank

You can get the card for free — the bank does not charge any fee for issuing the credit card. You can also use the card for free throughout its entire validity period.

If you want to receive notifications about deposits and withdrawal transactions, you can subscribe to the relevant service. The cost of this option is 99 RUB per month.

The minimum available credit limit on the card is 10,000 RUB, and the maximum is 1,000,000 RUB. The bank determines it individually for each client. At the same time, the lender pays attention to such nuances as: credit history, debt load, age, place of work, salary, presence of minor children, and so on.

Getting 1,000,000 RUB right away is almost impossible. Especially if you are not a salary client of Rosselkhozbank and do not have a large deposit. If you are contacting the credit institution for the first time, you will most likely be approved for the minimum limit. But in the future, you will be able to increase it if you regularly use the credit card and make required minimum payments on time.

The maximum grace period on the credit card is up to 115 days. Its duration depends on which day of the interest-free period you make a transaction. The grace period applies only to non-cash payment for goods and services. That is, if you withdraw cash from the card or transfer borrowed funds, the bank will charge a high interest rate.

If you cannot fully repay the debt on the credit card, you have the option to pay only the mandatory minimum payment. This will allow you to avoid overdue debt. You also need to make mandatory payments to maintain the grace period. The amount of minimum payments at Rosselkhozbank is 3% of the credit card debt amount.

As we already mentioned, the bank only charges no interest on non-cash payments for goods and services within the interest-free period. But if you do not manage to repay the debt before the end of the interest-free period, withdraw cash from the card, or transfer borrowed funds, the bank charges an interest rate. Its amount is 45.9% per annum.

As already mentioned above, to avoid overdue debt, you need to make at least the mandatory minimum payments. If they are overdue, the bank charges a penalty of 0.1% per day on the amount of the overdue credit card debt.

Also, Rosselkhozbank necessarily transfers information about the incident to the Credit History Bureau, which negatively affects the credit history.

The advantage of this credit card is that you can withdraw cash from it without interest. This can be done without restrictions in the first 30 days from the date of issue at Rosselkhozbank ATMs. Further, you can cash out the credit card for free at ATMs of Rosselkhozbank and other banks if you connect the "Cashback on EVERYTHING" option, as well as with total spending of 30,000 RUB or more for the previous calendar month. If the conditions are not met, you will need to pay a fee of 4.9% plus 490 RUB. Exactly the same overpayment is provided for transfers of borrowed funds.

With this card, you can independently choose what cashback you will receive this month. There are two options available in total: "Cashback up to 4%" and "Cashback up to 15%".

Cashback up to 4%

In this case, by paying with the card, you can receive:

• 1% for all purchases with card spending up to 30,000 RUB per month;
• 1.5% for purchases with card spending from 30,000 to 75,000 RUB per month;
• 4% for all purchases with card spending from 75,000 RUB per month.

Cashback up to 15%

In this case, by paying with the card, you can receive:

• 0.5% on all purchases without exception;
• 5% on purchases in a specific enhanced cashback category;
• 15% on purchases in a specific enhanced cashback category.

Please note that enhanced cashback categories can be selected every month.

Rosselkhozbank does not impose special requirements on its borrowers. You can get this credit card if you meet the following criteria:

• Russian citizenship;
• with permanent registration in the Russian Federation;
• aged 21 to 73 years old;
• with work experience at the current place of work from 3 months for Rosselkhozbank salary clients and from 6 months and from 4 months for other borrowers;
• with total work experience from 6 months over the past 5 years for Rosselkhozbank salary clients and from 1 year over the past 5 years for other borrowers.

As for documents, only a passport of a citizen of the Russian Federation is needed to apply. At the same time, the bank does not request additional certificates confirming income and place of work. The lender makes a decision on issuing or not issuing a credit card, as well as on the amount of the limit, based on the information provided in the application form and credit history.

Pros:

• no issuance and maintenance fees;
• credit limit up to RUB 1,000,000;
• grace period up to 115 days;
• no cash withdrawal fee;
• opportunity to choose one of two bonus programs;
• opportunity to receive cashback of up to 25%;
• card issuance with a single document.

Cons:

• high interest rate outside the interest-free period — 45.9% per annum;
• high commission for transfers of borrowed funds;
• the bank may request documents verifying your income and employment.