Tinkoff Platinum credit card from T-Bank

Issuance of primary and additional cards, as well as their reissuance and delivery to your home or office, is always free. You will need to pay 590 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.

Installment plans of up to 12 months are available for purchases made at Tinkoff Bank partner stores. Up to 120 days for repaying loans issued by other banks. Up to 55 days for regular 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 12% to 59.9% per annum on purchases and from 30% to 69.9% 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 290 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 it. For exceeding this limit, you will need to pay a fee of 2.9% of the transaction amount plus 290 RUB.

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

• 1% on regular purchases;
• from 3% to 30% for purchases at Tinkoff Bank partner stores.

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;
• extended grace period — up to 12 months;
• 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:

• high interest rate outside the grace period starting from 12% per annum;
• high fees for cash withdrawals and transfers;
• the bank may request documents confirming income and place of employment.