OTP Premium Light debit card from OTP Bank

You can get the "OTP Premium Light" debit card completely free of charge. You also will not have to pay for its reissue, or for the issuance and reissue of additional plastic cards.

Servicing costs 1,490 rubles per month. At the same time, you can use the card for free if you meet at least one of the free-of-charge conditions:

1. Receive at least 10,000 rubles per month on the card and make purchases totaling at least 30,000 rubles per month. 
2. Maintain a minimum balance across all ruble accounts of at least 1,000,000 rubles per month.

If you want to receive notifications about deposits and outgoing transactions, you can connect the corresponding alert service. It is free.

You can top up your debit card for free using one of the following methods:

• by card-to-card transfer from cards of other banks;
• via SBP (Faster Payments System) transfer from cards of other banks;
• with cash at OTP Bank ATMs and cash desks.

You can withdraw cash for free with OTP Premium Light at OTP Bank ATMs and teller windows, as well as at Gazprombank ATMs with no limits. In addition, this is possible at ATMs and teller windows of other banks up to 50,000 RUB per month.

An overpayment fee applies for exceeding this limit. It is 1%, but not less than 100 RUB.

You can transfer money for free between your accounts up to 30 million RUB per month, as well as to other OTP Bank clients with no limits. You can send funds for free to clients of other banks via the SBP up to 5,000,000 RUB per month. If you exceed this limit, you will need to pay a fee of 0.5%, but no more than 1,500 RUB.

Interbank transfers by card number are subject to a fee. The fee for them is 2%, but not less than 150 RUB.

The OTP Premium Light debit card features a profitable bonus program. By paying with it, you can receive:

• 0.5% cashback on all purchases;
• 5% cashback on purchases in 12 enhanced reward categories ("Taxi", "Carsharing", "Airline and Train Tickets", "Hotels", "Tours and Cruises", "Restaurants", "Cafes", "Fast Food", "Public Transport", "Pharmacies", "Spa Salons and Wellness Complexes", "Beauty Salons").

OTP Bank awards cashback only for purchases totaling from 30,000 RUB per month. In addition to profitable purchase rewards, all OTP Premium Light cardholders receive special terms on foreign currency transfers, a personal manager, free assistance with tax matters, and a free concierge service.

OTP Bank does not accrue interest on the card account balance. However, in addition to the OTP Premium Light card, the credit institution automatically opens a savings account. Its yield is as follows:

• 6% per annum OTP Bank accrues daily regardless of debit card spending;
• 17% per annum OTP Bank accrues monthly with spending totaling from 40 thousand RUB per month.

Pros:

• free card issuance;
• free card maintenance subject to the terms of the agreement;
• free top-up via card number transfer or phone number via the Faster Payments System, as well as in cash at OTP Bank ATMs and teller windows;
• free cash withdrawal at OTP Bank's own teller windows and ATMs and Gazprombank ATMs without restrictions, as well as at devices of other credit institutions for up to 50 thousand RUB per month;
• free transfers between own accounts up to 30 million RUB per month, to other OTP Bank clients without restrictions, and to clients of other third-party organizations by phone number via the Faster Payments System up to 5 million RUB per month;
• accrual of up to 5% cashback on purchases;
• accrual of up to 17% per annum on the savings account balance.

Cons:

• paid card maintenance if contract terms are not met;
• high fees for cash withdrawals and money transfers to other credit institutions when limits are exceeded or contract terms are not met;
• absence of interest on the card account balance.