0% Credit Card from Svoy Bank

You will not have to pay to get the card — the bank does not charge any fee for its issuance. However, card maintenance will be paid. The cost of using the card ranges from 9 to 199 RUB per day.

However, the bank sets this fee only if there is a debt — that is, only if you use borrowed funds. If you do not spend the credit limit, card maintenance will be free for you. 

As an additional service, you can connect notifications for any incoming and outgoing transactions. This option is free.

The credit limit on the card is small — from 10 000 to 300 000 RUB. The available amount depends on your individual characteristics: your credit history, debt load, salary level, place of work, presence of dependents, and so on.

We would like to note that despite the small limit, it is difficult to get the maximum amount right away. Especially if you are not a payroll client of the lending institution and have not previously used other products of the financial institution. A small amount will be available to you — no more than 50 000 RUB. In the future, you will be able to increase the credit limit if you constantly use the credit card and make mandatory minimum payments on time.

A non-standard grace period applies to this credit card. It is practically absent. That is, if you use borrowed funds, you will in any case have to pay at least the fee. In the amount of 9 to 199 RUB per day.

At the same time, if you use credit money for no more than 20 days, the bank will not charge an interest rate on the amount.

Making minimum payments is mandatory for this card. Their amount is 2.5% of the debt, but not less than 500 RUB plus interest and commissions.

If you default on the mandatory minimum payment, the bank will charge a penalty on the debt amount. In addition, your credit limit may decrease.

You can use credit money without paying interest for no more than 20 days. If you fail to repay the debt before the end of this period, you will need to pay not only the maintenance fee, but also the interest rate. Its amount is 10% per annum of the debt amount.

In case of overdue mandatory minimum payment and failure to repay the credit card debt, the financial institution charges a penalty. Its amount is 20% per annum of the debt amount. In addition, Svoy Bank charges a fine for technical debt. Its amount is 0.1% per day of the overdraft amount.

The advantage of this card is that you can withdraw cash from it without paying any commission. The operation limit is 300 000 RUB per day and 500 000 RUB per month. The bank does not charge a commission for operations equated to withdrawal either.

Cashback for purchases is not provided for by the credit card.

Svoy Bank does not impose special requirements on borrowers. Thus, you can get a credit card if you meet the following criteria:

• have Russian citizenship;
• have permanent registration and place of residence in Russia;
• are not younger than 20 and not older than 70 years;
• have a work experience at the last place of work from 3 months.

From the documents to get a credit card with a limit of up to 100 000 RUB, you will only need a passport of a citizen of the Russian Federation. If you want to get approval for a larger amount, in addition to the main document, you will need to provide certificates confirming income and employment.

Pros:

• free card issuance;
• free card maintenance when not using borrowed funds;
• long period of using borrowed funds — up to 36 months plus 20 days;
• no interest on cash withdrawals for an amount up to 500 000 RUB per month;
• opportunity to apply for a card with a limit of up to 100,000 RUB with a single document.

Cons:

• paid card maintenance when using borrowed funds;
• small credit limit — up to 300,000 RUB;
• absence of a grace period;
• high fee for cash withdrawals exceeding the limit;
• requirement to provide proof of income to obtain a card with a limit exceeding 100,000 RUB.