Privatbank in Russia is represented by its subsidiary Moscomprivatbank. The bank specializes in the retail banking market - lending, money transfers and deposits for individuals.
The peculiarity of obtaining loans in PrivatBank is their provision only in the form of credit cards with a revolving credit limit. Classic loans in cash at the bank are not available.
Advantages of PrivatBank credit programs
Today Privatbank offers two types of credit cards - "Universal" and "Platinum". They have all the advantages of credit cards - they allow you to pay at retail outlets, online stores, and withdraw cash anywhere in the world.
Proof of income is not required to receive credit cards. At the same time, in order to increase the credit limit on the card, it is advisable to provide additional documents confirming the income and its amount. The bank's approval of the credit limit is also influenced by the borrower's credit history in PrivatBank and BKI, the availability of additional documents, deposits and other banking products of PrivatBank.
Citizens from 18 to 65 years old can receive PrivatBank cards, there are no registration requirements. The size of the credit limit is up to 750 thousand rubles. set individually.
According to borrowers, the standard credit limit is about 1,500 rubles, and borrowers under the age of 21 are not able to access a limit of more than 10,000 rubles.
How to get a Platinum credit card in PrivatBank
The Platinum credit card has the Visa Platinum format. The issue and the first year of service are free of charge.
The card has the following parameters:
- interest rate - 30%;
- grace period (0% rate) - 55 days applies to payment for goods and cash withdrawals;
- when withdrawing cash, a commission of 4% is charged if the withdrawal amount is over 2,500 rubles.
You can apply for a card at any branch of PrivatBank or fill out a preliminary application on the bank's website.
Benefits of a credit card include:
- cash back function
When paying for purchases in stores or on the Internet, 1% of the amount spent is returned to the card. Bonuses are paid once a month - at least 10 rubles. and no more than 6,000 rubles. per month.
- free SMS notification function;
- accrual of interest (10%) on the balance on the card with an amount on the account over 500 rubles.
However, according to customer reviews, 10% is not real money, but bonuses that can be spent on the purchase of goods in partner stores.
To repay the loan, you must pay at least 5% of the amount owed on the card on a monthly basis. For a loan delay, a rate of 60% per annum is set for each day of delay. Card replenishment can be carried out without commissions at PrivatBank ATMs, using self-service terminals QIWI and Eleksnet.
How to get a Universal Credit Card in PrivatBank
Universal credit card differs from Platinum in the following parameters:
- card type - Visa Gold;
- interest rate - 22.8%;
- no issue fee is charged, for the 1st year of service - 720 rubles;
- cards with a chip are available;
Otherwise, the Universal card has the same parameters as the Platinum card, but the cash back function is not available for this card. The penalty for late loan repayment is 45.6% per year for each day of delay, as well as 500 rubles. for 1 month of delay, 1,000 rubles in 2 month.
