Lamoda Credit Card from T-Bank

Issuance of primary and supplementary cards, as well as their reissuance and delivery to your home or office, is always free. You will need to pay 990 RUB per year for card maintenance.

Additionally, you can enable transaction notifications. The service costs 59 RUB per month for Tinkoff Mobile numbers and 99 RUB per month for other numbers. With a “Tinkoff Pro” subscription, transaction notifications are free.

The credit limit on the card ranges from 15,000 to 1,000,000 RUB and is determined individually for each borrower.

The card has an interest-free grace period of up to 55 days. It applies only to purchases.

The minimum monthly payment on the credit card is no more than 8% of the debt amount, but no less than 600 RUB.

The bank does not charge interest on purchases made within the grace period. Outside the interest-free period, Tinkoff charges from 15% to 39.9% per annum on purchases and from 29.9% to 59.9% per annum on cash withdrawals and transfers.

If the minimum payment is missed, the bank charges a penalty of 20% per annum on the overdue debt amount.

For cash withdrawals, you will need to pay a fee of 2.9% of the transaction amount plus 390 RUB. You can transfer money for free via Tinkoff Bank's own services up to 100,000 RUB per month with a “Tinkoff Pro” subscription and up to 50,000 RUB per month without one. For exceeding this limit, you will need to pay a fee of 1% of the transaction amount, but no less than 390 RUB.

By paying with your credit card, you can earn cashback on purchases:

• 1 bonus for every 100 RUB spent on regular purchases;

• 2 bonuses for every 100 RUB spent on purchases at restaurants, cafes, and gas stations;
• 3 bonuses for every 100 RUB spent on “Lamoda” for monthly spending up to 50,000 RUB;
• 7 bonuses for every 100 RUB spent on “Lamoda” for monthly spending of 50,000 RUB or more;
• up to 30% on purchases at Tinkoff Bank partner stores.

Additionally, you can receive 100 welcome points for your first purchase with the card and 200 points for the first 30,000 RUB spent.

Borrowers who meet the following requirements can apply for the credit card:

• are citizens of the Russian Federation;
• have permanent or temporary registration within the territory of Russia;
• aged 18 to 70.

To obtain the credit card, you only need to provide a Russian passport. However, the bank may additionally request documents confirming your income and employment.

Pros:

• free issuance and reissuance of primary and supplementary cards;
• high credit limit — up to 1,000,000 RUB;
• free transfers up to 100,000 RUB per month;
• cashback accrual of up to 30% of the purchase amount;
• possibility to obtain the card at 18 years old;
• can be applied for with just one document;
• home delivery of the card by courier.

Cons:

• short grace period — up to 55 days;
• high interest rate outside the grace period — from 15% per annum;
• high fees for cash withdrawals and transfers;
• the bank may request documents confirming income and place of employment.