"Privileges Card" credit card from Zenit Bank

You can get the credit card for free as the bank charges no additional issuance fee. Maintenance of the Privileges Card will also be free for you without any conditions.

If you want to receive notifications about deposits and withdrawals, you can connect the corresponding service. The cost of SMS alerts is RUB 89 per month. At the same time, they will be free for you during the first two months from the date of activation.

The credit limit on the Privileges Card ranges from RUB 25,000 to RUB 2,000,000. Zenit Bank determines the available amount for each borrower individually. This means you may be granted either the minimum limit or a higher one.

The grace period on the credit card is up to 120 days. It depends on the exact day of the billing cycle when you make the transaction.

The grace period applies not only to non-cash payments for goods and services, but also to cash withdrawals and borrowed funds transfers.

If you do not have enough funds to fully repay your credit card debt, you can make just the minimum mandatory payment. Its amount is 2% of the debt, but not less than RUB 300.

Making the minimum mandatory payment is necessary to avoid overdue debt and cancellation of the grace period.

As we mentioned, Zenit Bank does not charge interest on non-cash payments for goods and services, cash withdrawals, and borrowed funds transfers made within the 120-day interest-free period. Outside the grace period, the overpayment rate starts from 29.9% per annum for purchases, cash withdrawals, and credit funds transfers.

If you fail to make the minimum mandatory payment, Zenit Bank charges a penalty. Its amount is 0.1% per day of the overdue debt amount.

Although you can withdraw cash and transfer borrowed funds within the grace period, you will need to pay a high fee for these operations. Its amount is 5.5% of the amount plus RUB 500.

By paying with the Privileges Card, you can earn cashback for purchases in the most popular categories:

• The bank awards 7% of the spent amount for purchases in the Supermarkets, Cafes and Restaurants, and Public Transport and Taxis categories;
• the bank awards up to 50% of the spent amount for purchases at bonus program partner stores.

The credit institution awards cashback for non-cash payments for goods and services worth RUB 100 or more. The reward is paid once a month, in the month following the purchase period.

You can get the Privileges Card if you meet the following requirements of the credit institution:

• holding Russian citizenship;
• with permanent registration in Russia;
• aged from 22 to 60 years;
• with a work experience at the current job of at least 3 months for individuals and at least 1 year for sole proprietors, business owners, and the self-employed.

To get the credit card, you only need to provide a passport of a citizen of the Russian Federation. However, if you apply for a card with a limit exceeding RUB 100,000, you will additionally need certificates confirming your income and employment.

Free benefits:

• issuance;
• maintenance;
• high credit limit of up to RUB 2,000,000;
• long grace period of up to 120 days;
• no interest on non-cash payments for goods and services, cash withdrawals, and borrowed funds transfers;
• opportunity to receive cashback of up to 50% of the amount;
• card issuance with a limit of up to RUB 100,000 using a single document;
• home delivery of the card by courier.

Cons:

• high interest rate outside the grace period starting from 29.9% per annum;
• high fee for cash withdrawals and borrowed funds transfers;
• need to provide income and employment verification certificates to get a card with a limit over RUB 100,000.