Black credit card from Russian Standard Bank

Card issuance is always free. The borrower will not have to pay for card maintenance if they make purchases totaling from 50,000 RUB per month using their own and borrowed funds. Otherwise, the bank will charge a monthly fee of 499 RUB. Additionally, the cardholder can enable notifications for deposits and expenses. This service is always free.

In case the borrower issues an additional card, they will need to pay 2,500 RUB per year for its maintenance.

The available limit on the "Black" credit card ranges from 100,000 to 600,000 RUB. Russian Standard Bank determines the exact amount for each borrower on an individual basis.

The grace period on the credit card is up to 55 days — its duration depends on when the purchase was made. In addition, the bank provides an interest-free period of up to 150 days for repaying debts on credit cards issued by other credit institutions. The cardholder can also arrange a free installment plan for up to 12 months for purchases at partner stores and an installment plan for up to 24 months with an issuance fee.

In order to maintain the grace period and avoid incurring debt, it is necessary to make the mandatory minimum payment. At Russian Standard Bank, its amount is 3% of the debt amount. 

Russian Standard Bank does not charge interest on purchases made during the grace period. Outside of it, the overpayment ranges from 11.9% to 24.4% per annum for paying for goods and services cashless, as well as for cash withdrawals and transfers of borrowed funds. 

In case of untimely receipt of the mandatory monthly payment, Russian Standard Bank charges a penalty. The penalty amount is 0.1% per day of the debt amount, but not more than 20% per annum.

Russian Standard Bank does not charge a commission for cash withdrawals within 30 days from the credit card issuance date. Afterwards, the borrower will need to pay a commission of 4.9% of the transaction amount plus 490 RUB. Exactly the same fee is provided for transfers of borrowed funds. 

For paying for purchases with the credit card, Russian Standard Bank awards cashback for purchases. This happens as follows:

• 1% of the spent amount is credited by the bank for regular purchases;
• 2% of the spent amount for paying for air tickets on the website "Russian Standard Travel”;
• 5% for purchasing train tickets on the website "Russian Standard Travel”;
• 6% for hotel bookings on the website "Russian Standard Travel”;
• 10% for purchases in popular categories;
• up to 70% for purchases at Bank Russian Standard partner stores.

Borrowers who meet the following requirements can apply for a Black 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.

To get a credit card, you only need to provide a passport of a citizen of the Russian Federation, as well as your SNILS or any other identity document.

Pros:

• free card issuance;
• free card maintenance subject to the terms of the agreement;
• high credit limit — up to 600,000 rubles;
• long grace period — up to 24 months;
• no cash withdrawal fee for 30 days from the date of credit card issuance;
• opportunity to receive cashback of up to 70% of the purchase amount;
• option to apply without income verification;
• home delivery of the card by courier.

Cons:

• paid card maintenance if contract terms are not met;
• high interest rate outside the interest-free period starting from 11.9% per annum;
• card available only starting from age 21.