120 Days Credit Card from Otkritie

Card issuance, as well as reissue due to expiration or at the bank's initiative, is always free. Also, Otkritie does not charge a fee for using the card.

Additionally, you can enable transaction alerts. The cost of this service is 79 RUB per month for Push and Push Pro and 99 RUB per month for SMS. Transaction alerts are free for the first 30 days of service.

The credit limit on the card ranges from 50,000 to 500,000 RUB. It is determined for each borrower on an individual basis.

A grace period of up to 120 days applies to the card. It covers purchases as well as cash withdrawals.

The minimum monthly payment on the credit card is 3% of the debt amount, but not less than 300 RUB.

The bank does not accrue interest on purchases, cash withdrawals, and transfers made within the grace period. Outside the interest-free period, Otkritie charges from 11.9% per annum on any transactions.

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

You can withdraw cash from the card for free up to 50,000 RUB per month in the first month of service without conditions, and thereafter with a subscription for 599 RUB per month. For exceeding this limit, you will need to pay a fee of 5.9% of the transaction plus 590 RUB. For transfers, you will need to pay 5.9% of the amount plus 590 RUB.

The bank does not award cashback for credit card purchases.

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

• are citizens of the Russian Federation;
• have permanent registration in the bank's region of operation;
• aged from 21 to 75 years old;
• have a work history of at least 3 months at their current job;
• have a regular income of at least 15,000 RUB per month after taxes.

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 card issuance;
• free card maintenance;
• high credit limit of up to 500,000 RUB;
• long grace period of up to 120 days;
• free cash withdrawals up to 50,000 RUB per month;
• can be applied for with just one document;
• home delivery of the card by courier.

Cons:

• high interest rate outside the interest-free period starting from 11.9% per annum;
• high fees for cash withdrawals and transfers;
• no cashback on purchases;
• the bank may request documents confirming income and place of employment.