DOM.RF 120 Days Credit Card

You can get a credit card for free — the bank does not charge an additional fee for issuing the card. You can also use the main card for free. If you need an additional credit card, it will cost you 199 RUB per month.

As an additional service, you can enable alerts for deposits and withdrawals. The cost of SMS notifications is 99 RUB per month.

The minimum credit limit on the card is 10,000 RUB, and the maximum is 750,000 RUB. The bank determines the available amount for each client individually. In doing so, the lender takes into account the borrower's credit history, debt load, place of work, salary size, presence of minor children and dependents, and so on.

However, we can say that it is very difficult to get the maximum credit limit of 750,000 RUB right away. Especially if you are not a payroll client of DOM.RF Bank and do not hold a large deposit there.

But even if you are approved for a small amount, you can increase it in the future if you regularly use the credit card and make payments on time.

The maximum grace period on the credit card is 120 days. As is the case almost everywhere, it applies only to non-cash payment for goods and services. That means you will have to pay a substantial interest rate for cash withdrawals and borrowed funds transfers.

If you do not have enough funds on hand to fully repay the credit card debt, you can make only the mandatory minimum payment. For the "120 Days" card, its amount is 5% of the debt amount. In addition to this, you will need to pay accrued interest and fees, as well as a penalty if applicable.

As already mentioned, DOM.RF Bank charges interest only on non-cash payments for goods and services if the debt is repaid before the end of the grace period. After the expiration of the interest-free period and if its conditions are not met, the interest rate is 40% per annum.

As already mentioned, to avoid overdue debt, you need to make at least the mandatory minimum payments. In case of non-payment, the bank charges a penalty of 20% per annum on the overdue debt amount. Information about the overdue payment is also sent to the Credit History Bureau, which negatively affects your credit history.

Cash withdrawals and transfers of borrowed funds from the credit card are subject to a fee. You will need to pay a commission of 4.5% plus 400 RUB for them. In addition, the bank will charge a significant interest rate on the transaction.

The "120 Days" credit card features a fairly standard bonus program. By paying with it, you can receive:

• 1% cashback for regular purchases outside categories;
• 5% for purchases in elevated cashback categories: "Beauty", "Children's Goods", and "Entertainment".

The maximum reward amount you can receive is only 2,000 RUB per month.

To get approval for the credit card, you must meet the following requirements:

• have Russian citizenship;
• be at least 23 years old;
• have official employment;
• have a work experience at your current job from 3 months.

As for documents, only a Russian passport is required to apply for the credit card. However, to increase the chances of a positive decision, it is also best to provide certificates confirming income and place of work.

Pros:

• no issuance and maintenance fees;
• credit limit up to RUB 1,000,000;
• grace period of up to 120 days;
• opportunity to receive cashback of up to 5%;
• card issuance with a single document.

Cons:

• high interest rate outside the interest-free period — 40% per annum;
• high fee for cash withdrawals and borrowed funds transfers;
• the bank may request documents verifying your income and employment.