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MTS CASHBACK credit card from MTS Bank
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About the card
"MTS CASHBACK" from MTS Bank is one of the most popular and profitable cards of 2024. What makes it profitable for holders is a large credit limit of up to 1,000,000 RUB, an extended grace period of up to 415 days, a profitable bonus program offering up to 25% back, and no need to provide additional documents when applying.
Terms
You can get the main credit card for free, but if you need an additional card, you will need to pay a one-time fee of 500 RUB. Servicing of the credit card is completely free.
As for card reissuing, it is free, provided you are getting a new card to replace an old one due to expiration. If you reissue the card at your own request, for example, due to loss or a change in personal data, you will need to pay a one-time fee of 299 RUB.
As an additional service, you can enable notifications for deposits and withdrawals. The cost of SMS banking is 149 RUB per month, but the bank charges no fee for the first month from the date the option is enabled.
The minimum available credit limit at MTS Bank is 10,000 RUB, and the maximum is 1,000,000 RUB. The bank determines the amount for each borrower individually. For example, if a person has a bad credit history and a high debt load, they will most likely be approved for no more than 10,000 RUB, while salary-project clients can receive 100,000 to 200,000 RUB.
Nevertheless, getting the maximum credit limit is difficult, especially if you are just applying for a credit card.
The main interest-free period on the card is only up to 111 days. It applies only to cashless payments for goods and services. However, the bank also provides up to 415 days of zero interest for transactions at MTS communication stores, such as for paying for services or purchasing goods.
If you currently do not have enough funds to fully repay your credit card debt, you can make just the minimum payment of 3% of the debt amount, but not less than 100 RUB. This will help you avoid overdue payments on your credit card.
As already mentioned, the grace period applies only to cashless payments for goods and services. For cash withdrawals and transfers of borrowed funds, MTS Bank charges interest at 39.9% per annum. The same interest rate applies to cashless payments for goods and services if you fail to repay the debt before the end of the grace period.
There are only two ways to avoid penalties: repay the debt before the end of the grace period or make the mandatory minimum payment. If you do neither, the bank charges a penalty amounting to 0.1% per day of the overdue debt amount.
Cash withdrawals and transfers of borrowed funds from this credit card are subject to fees. For these operations, you will need to pay a commission of 3.9% plus 690 RUB. MTS Bank also charges a fee for the misuse of credit funds—199 RUB per month if you made fewer than 5 purchase transactions while withdrawing cash or transferring borrowed funds using your credit limit.
The "MTS CASHBACK" credit card features a fairly standard bonus program. By paying with this credit card, you can earn cashback at the following rates:
- 1% on all purchases without exception;
- 3% on purchases in special categories;
- 5% on purchases in elevated cashback categories;
- 5% on purchases in supermarkets with an active "MTS Premium" subscription under the promotion;
- up to 25% on purchases at MTS Bank partner stores.
MTS Bank has few requirements for borrowers. You can get a credit card if you meet the following criteria:
- have citizenship of the Russian Federation;
- aged 20 to 70 years old.
As for documents, a passport of a citizen of the Russian Federation is sufficient to get a credit card. However, if you have a less-than-ideal credit history or many other active loans, credit cards, and microloans, the bank may request certificates confirming your income and place of employment.
Pros:
- no issuance and maintenance fees;
- credit limit up to RUB 1,000,000;
- grace period of up to 415 days;
- opportunity to receive cashback of up to 25%;
- card issuance with a single document;
- option for home delivery of the card by courier.
Cons:
- high interest rate outside the interest-free period: 39.9% per annum;
- high fee for cash withdrawals and borrowed funds transfers;
- commission for unintended use of funds;
- the bank may request documents verifying your income and employment.
How to apply
The easiest way to apply for a credit card is to go to the MTS Bank website and fill out an online application. To do this, you need to:
- Click the "Apply for a card" button on the credit card application page.
- Enter your mobile phone number, last name, first name, patronymic, date of birth, and email address.
- Check the box.
- Click the "Next" button.
- Enter the confirmation code from the text message.
- Provide your desired credit limit, income information, passport details, registration address, and actual residential address.
- Click the "Next" button.
- Provide employment details and create a security word.
- Click the "Next" button.
- Choose how you would like to receive your credit card.
- Click the "Submit Application" button.
If you are unable to apply online, you can get a credit card at MTS Bank branches and MTS retail stores. You will need to bring all required documents with you. We recommend preparing them in advance.
Rates
3% on purchases in special categories;
5% on purchases in elevated cashback categories;
5% on purchases in supermarkets with an active "MTS Premium" subscription under the promotion;
up to 25% on purchases at MTS Bank partner stores.
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