S7 — T-Bank credit card from T-Bank

You don't need to pay to get the card — the bank does not charge an extra fee for its issuance. However, maintaining the credit card will cost you money. Its cost is 1,890 RUB per year. You will have to pay the first fee on the statement date after making your first purchase transaction, and then annually.

As an additional service, you can connect notifications for deposits and withdrawals. The cost of the option is 59 RUB per month for T-Mobile numbers and 99 RUB per month for all other numbers. You can also connect credit card balance insurance. The cost of the additional service is 0.89% of the debt amount per month.

T-Bank offers a large credit limit on the card — from 15,000 to 1,000,000 RUB. You can only find out the amount available to you when signing the credit agreement. This is because the limit depends on your individual characteristics. For example, your credit history, debt load, salary size, and so on.

Despite the fact that T-Bank offers a large credit limit — up to 1,000,000 RUB, getting the maximum amount is almost impossible. Especially if you are not a salary client of the bank. If you are contacting the credit organization for the first time, you will most likely be offered a small amount — no more than 100,000 RUB. 

In the future, you will be able to increase the limit if you constantly use the credit card and make mandatory minimum payments on time.

The standard grace period for the card is up to 55 days, depending on which day of the billing cycle you make a transaction. In addition, T-Bank offers 2 to 12 months of installment plans for purchases at partner stores.

If you do not have enough funds on hand to fully repay your credit card debt, you can make only the minimum payment. For the T-Bank credit card, this amount is no more than 8% of the debt, but not less than 600 RUB.

Making required payments will help you avoid overdue debt and penalties on the debt amount. If you fail to make the minimum payments, the bank will not only charge penalties but also transfer information to the Credit History Bureau. In other words, your credit history will be damaged.

The bank does not charge interest only if you use the credit card to pay for goods and services and repay the debt before the grace period ends.

In all other cases, the overpayment on the credit card is:

• from 15% to 39.9% per annum for payment for goods and services;
• from 29.9% to 59.9% per annum for cash withdrawals, transfers, and equivalent transactions.

As mentioned above, if you do not have enough funds on hand to fully pay off the debt on the credit card, you just need to make the required minimum payment. If you do not do this, your credit card debt will become overdue. In this case, the bank will charge a penalty at a rate of 20% per annum.

The advantage of this credit card is that every month you can transfer borrowed funds for free via T-Bank's own services in the amount of up to 50,000 RUB. If you exceed this limit, you will have to pay a commission of 1%, but not less than 390 RUB.

Cash withdrawals from the credit card are subject to a fee. When cashing out up to 100,000 RUB per month, you will need to pay a commission of 390 RUB. In other cases, the overpayment will be 2% plus 390 RUB.

The bonus program for this credit card is beneficial for those who frequently use S7 Airlines services. By paying with this card, you can receive:

• 1.5 bonus and 1.5 status miles for every 60 RUB spent on any purchases with the credit card;
• 3 bonus and 3 status miles for every 60 RUB spent on purchases on the S7 Airlines website;
• up to 18 bonus and 1.5 status miles for every 60 RUB spent on promotional purchases from partners.

The bank also awards 12,000 miles as a gift if you use the card to pay for purchases totaling 250,000 RUB or more within the first three months from the date of issue.

You can spend accumulated bonus miles on purchasing airline tickets and paying for other services from S7 Airlines and partners. You can spend status miles to raise your status in S7 Priority. You can also gift miles to your friends if you wish.

T-Bank does not impose particularly strict requirements on its borrowers. You can get this credit card if you meet the following criteria:

• have Russian citizenship;
• have permanent or temporary registration in the Russian Federation;
• at least 18 and no older than 70 years old.

As for documents, you will only need a passport of a citizen of the Russian Federation to get the credit card. If you do not have a very good credit history or are requesting a large credit limit, you can provide certificates confirming your income and employment.

Pros:

• free card issuance;
• long period for using borrowed funds — up to 12 months;
• large credit limit — up to 1,000,000 RUB;
• no interest for transfers of borrowed funds in the amount of up to 50,000 RUB per month;
• profitable bonus program for those who use S7 Airlines services;
• ability to apply for a credit card with a single document.

Cons:

• paid maintenance even when borrowed funds are not used;
• high commission for cash withdrawals and transfers if conditions are not met;
• the bank may request certificates confirming income and employment.