A debit bank card is a convenient payment instrument that allows you to carry out a wide range of financial transactions. Its main advantage is that it replaces cash, which is not always convenient and safe to carry with you (for example, if you are planning to make a large purchase). In this article we will look at what types of debit cards are offered by OTP Bank, one of the leaders in financial services not only in Russia, but also in Europe.
Types of debit cards
OTP Bank products are very popular among Russians. The financial institution offers its clients to issue several types of plastic. We consider the current conditions and tariffs in the table below:
| Name | Currency | The amount of interest accrued on the balance of funds | Maintenance cost per month | Peculiarities |
|---|---|---|---|---|
| MasterCard Gold | Rubles | 0.065 | 149 rubles | For clients who plan to use plastic not only in Russia, but also abroad. |
| MasterCard Unembossed | Rubles | 5,5% | 49 rubles | Suitable for those who want to receive income from a deposit without overpaying. |
| MasterCard Standard in currency | Dollars or euros | Not provided | 20 dollars or euros | Allows you to make profitable purchases abroad. |
| MasterCard Standard in rubles | Rubles | Not provided | No charge | Intended for young people aged 18 to 25 years. |
| World Map “Happy Time” | Rubles | Not provided | No charge | The terms of the card are suitable for people of retirement age. |
Features and Benefits
Plastic from OTP Bank has many advantages. Among them it is worth noting the following:
- it is international, therefore it allows you to carry out income and expense transactions abroad;
- You can deposit money into your account through a bank cash desk or by transfer from another account;
- in order to prevent fraud, bank employees constantly monitor transactions carried out using the card;
- the 3D-Secure service is connected to the plastic, which allows you to make secure payments on the Internet;
- Currency conversion occurs automatically at the most favorable rate;
- the bank guarantees its clients the export of funds abroad without delays and bureaucratic procedures;
- Bonuses are awarded for paying for goods and services with a card.
This payment instrument is really very convenient and will not let you down in any situation.
It is known that issuing a debit card is much easier than a credit card. This is due to the fact that the client does not need to prove to the bank his solvency and reliability. To apply for plastic, you need to visit the OTP branch and write a corresponding application. You only need to have one document with you - a Russian passport. It takes on average 3 days to produce plastic, after which it can be picked up at the bank or ordered delivered to your home.
Registration online
Not every person can take the time to visit a bank. Therefore, OTP Bank provides its clients with the opportunity to order a payment instrument online on the official website. To do this, you need to go to the “Debit and Credit Cards” section and select the “Application for a payment card” item. The client will be asked to select the type of card and fill out a form where he will need to indicate his full name and contact information.
After submitting the online application, a bank employee will call you back to clarify the information and answer all your questions. As in the first case, the plastic will be ready after 3 days.
OTP Bank has developed several types of debit plastic: MasterCard Gold, MasterCard Unembossed, MasterCard Standard in foreign currency, MasterCard Standard in rubles and the World card “Happy Time”. All of them have favorable conditions and tariffs; some have a deposit and free service. Which product to choose depends on the purpose of use and individual wishes of each person.
The Russian branch of OTP Bank is a member of the OTP financial group (OTP Group), which is a leading player in the banking segment of Central and Eastern Europe. A banking institution on the territory of the Russian Federation provides a full range of banking and financial services for both private (individual) clients and legal entities.
OTP Bank actively promotes such a profitable product as plastic cards, because today almost every person uses it.
We also recommend considering the possibility of obtaining a cash loan from OTP Bank. You can submit your application right here:
A credit card makes it possible to pay with it throughout Russia and abroad. For the client, this is a kind of spare wallet that can be used at any time when necessary. Put it into an ATM or pay for a purchase - that’s why you need an OTP Bank credit card. An online application for this banking product helps a person save time on going to the bank when receiving plastic.
OTP Bank credit cards have various parameters based on which the client can make a choice:
- Belonging to the global payment system.
- Credit limit.
- Plastic card status.
- Possibility of using a grace period.
- Annual interest rate for using credit funds.
- Composition of the package of documents required when applying for a card.
- Bank requirements for a client wishing to purchase a card with a credit limit.
- Daily and monthly limits on cash withdrawals.
- Commission for cash withdrawal.
Distinctive features of OTP Bank credit cards.
- The bank's product line of credit cards is narrow and is represented by only two types: classic and gold status.
- All security of card payment transactions is ensured by the global payment system MasterCard.
- SMS notifications are sent for card transactions, which helps control the debiting of funds from the card.
- The choice of card currency is carried out at the request of the client and his needs (when submitting an online application to OTP Bank, you must indicate the currency)
- The credit maximum for a card product of any status is possible up to one and a half million rubles.
- Loan funds can be used for up to 55 days without paying interest.
- OTP Bank credit card works as a virtual electronic wallet for making payments on the Internet.
- Cash withdrawals are possible at millions of ATMs around the world.
- There is no need to declare funds on cards when traveling abroad.
Documents required for registration OTP Bank credit card.
At OTP Bank, a client can apply for a loan in two ways:
- only by passport,
- upon provision of a complete list of documents (passport, a second document of your choice (pension insurance certificate, TIN, driver’s license, income certificate)).
Requirements for a potential client wishing to apply for an OTP Bank credit card:
- citizenship of the Russian Federation,
- permanent registration in the region where the bank branch is present,
- age from 21 to 55 years for women and 60 years for men, entrepreneurs from 25 years old,
- receiving official income for at least three months and a permanent place of work,
- positive credit history.
Types of credit plastic cards at OTP Bank and their conditions.
MasterCard Standard rubles classic 1,500,000 29.9 (for one document), 24 (for a full package of documents) 600 rub. 55 daysMasterCard Gold rubles premium 1,500,000 29.9 (for one document), 24 (for a full package of documents) 1,800 rub. 55 daysMasterCard Gold for businessmen rubles premium 1,500,000 29.9 (providing financial statements is not required) 1,800 rub. 55 days
Possibility of applying for a credit card using only one document.
This opportunity to receive a credit card using one document is provided at OTP Bank.
You can open and use a credit product only by presenting your passport. With this type of registration, the credit limit is also possible up to 1,500,000 rubles, and the annual rate will be from 29.9%.
In this case, to determine which is more profitable, We recommend that you familiarize yourself with the conditions of other banks:
Tinkoff credit card
Alfabank credit card with 100 day grace period
Application for a Kviku credit card
Standard application for a credit card with a complete list of documents.Providing documents from the full required list gives the borrower additional benefits, which include a lower interest rate (from 24%) and an increased credit limit.
Registration and receipt of plastic for people engaged in business.
It is often difficult for a businessman (entrepreneur) to obtain a credit bank card for himself, since financial institutions put forward quite strict requirements for such a borrower and for the list of documents and reporting provided. At OTP Bank, to obtain a card with a credit limit for business representatives, it is not necessary to provide financial statements or guarantors.
Features of the grace period for OTP Bank credit cards.
The period exempt from interest payments on OTP Bank credit cards is valid only for non-cash payments for goods or services. The grace period is renewable and begins to operate from the date of card activation, regardless of whether the client used preferential conditions in the previous month or not.
Banking products have taken root in the life of almost every modern person. For example, cards are a very convenient means of non-cash payments, and their debit varieties are especially popular. Naturally, before designing a specific option, a potential client needs to take into account the main points, of which there are sometimes quite a lot.
Definition
So, a banking organization issues a plastic payment card intended for settlements using funds belonging to the client. The person places them on this account independently, the amount that he has.
OTP Bank Profitable Gold debit card is a piece of plastic measuring 85.6x53.98 mm. Some financial institutions offer to receive it in a different format, for example, one that can be built into a keychain and carried with you at all times. Both registered and non-registered instruments of various systems (Visa, MasterCard, MIR) are issued.
Cards of any type in the Russian Federation are equipped with special chips for storing data. Some also have a magnetic stripe for compatibility with older devices.
How to make a choice
Financial institutions offer potential clients a variety of products, and understanding such a wide range is not so easy. What points should you pay attention to:
- cashback;
- interest on the balance;
- annual maintenance cost;
- issuing bank;
- methods of depositing and withdrawing cash;
- amount of commission fees;
- availability of overdraft, conditions for it;
- the ability to create an individual plastic design.
What are the advantages
The profitable Gold card of OTP Bank is a profitable and convenient tool for paying for everything its owner needs. This product has many advantages:
- Additional savings due to various options.
- Increased security.
- Convenient payment for purchases in online stores.
- Even greater privileges for those who choose VIP plastic.
- Possibility of receiving cash and making payments anywhere in the world.
- High-quality and inexpensive service.
About use
To make a payment in a store, just insert the card into the terminal or bring it to the reader (contactless payment). To make paying even more convenient, you can link the instrument to a mobile payment system.
In online stores, the required details are indicated on the corresponding page and, if necessary, a one-time password is entered from SMS.
Cash is withdrawn from ATMs and cash desks. In this case, the client specifies a PIN and then follows the prompts of the device or operator.
Parameters for various available products are conveniently displayed here on one page. The user sees all the information and can immediately compare it to highlight the appropriate options. The necessary calculations are carried out using the online calculator located right there. Having completed the search, the site visitor clicks the “Online application” button and proceeds to fill out the form.
Credit cards are one of the most popular products among Russians. And when it comes to choosing a lending bank, the borrower’s eyes simply run wild - a sea of offers, and try to figure out which one is truly profitable.
In this article we will look at offers on credit cards from OTP Bank. If you are not yet familiar with this credit institution, then it will certainly interest you. But first things first.
Main product line
OTP did not create a rich line of cards, trying to capture the imagination of an inexperienced client. At the moment there are only 4 types of credit cards. from OTP Bank, which the borrower can apply for:
- Visa Classic;
- MasterCard Standard;
- Visa Gold;
- MasterCard Gold.
As you can see, the main difference is only in the status of the plastic and the credit line limit provided to the client after verification of solvency.
Interest rates for using borrowed funds from an OTP Bank credit card are the market average and do not vary much, as, for example, in Russian Standard.
The most advantageous offers from the bank are received by borrowers based on pre-approved applications (usually those who previously took out a trade or consumer loan and successfully repaid it; or employees of companies that provide payroll services).
There are three lending programs in total:
- with a minimum package of documents;
- with a full package of documents;
- at the invitation of the bank.
The total cost of a loan under these programs is:
It is more profitable to pay with a credit card than to withdraw cash– in this case, the rate for the use of funds is significantly lower:
- for bank clients – 19.9% per annum;
- for cards with a full package of documents – 24.9%;
- for cards with a minimum package – 29.9%.
The annual service cost is 1,800 rubles for Gold category cards, and 600 rubles for classic cards.
FOR REFERENCE: The cost of a loan when withdrawing cash from an OTP Bank plastic credit card is calculated at the upper limit of the interest rate.
When issuing a card for the first time, OTP, as a rule, provides minimum credit limit – from 20,000 rubles. Later it can be increased at the initiative of the borrower or the lender himself.
The maximum amount of the credit line is 1,500,000 rubles. During initial registration, the limit for Standard category cards is 150,000 rubles, Gold category cards are 200,000 rubles.
How to get a credit card
For clients who have information in the system, it is possible to submit an application through your personal account “OTP-Direct”, or by calling the hotline.
After checking the information, the lender will make a decision on the application within 5 days and notify the client about it.
Persons who are not clients are offered two ways to obtain a credit card:
- submitting an application with the help of a contact center manager;
- filling out an application on the website.
Or, if there are OTP branches in the city, an application can be submitted at the branch. You will need to have a general passport and TIN (minimum set of documents) with you.
After production, the card will arrive at the branch of your choice, or will be sent by Russian Post to the address specified in the application form. Once received, the credit card must be activated within 60 days, and get a PIN code - you will need it to withdraw cash from ATMs.
On the pages of our website you will also find out! We’ll also tell you how to quickly get a credit card.
Conditions and requirements for the recipient
The bank is ready to consider applications from persons over 21 years of age who do not have... The main requirement for the borrower is to have a permanent job.
OTP carefully checks the employer Therefore, companies with low turnover or debt to the Federal Tax Service usually do not undergo security checks.
The absence of any credit history will also be a reason for refusal to issue a credit card.
However, within 4 months from the moment the client applies, they can reconsider their decision and issue a card with an individually calculated credit limit.
The minimum requirements for the borrower are:
- length of service at last place of work – from 6 months;
- normal employing organization (checked especially carefully!);
- age from 21 to 55 years for women, from 21 to 60 years for men;
- availability of a valid passport and TIN - for credit cards with a minimum package of documents;
- documents confirming employment and income - for a program with a full package of documents.
Review of the application may take from 5 to 10 working days(no one is in a particular hurry), and this applies to cards of any status. From time to time you need to call the contact center and clarify the information on your application.
Once approved, the credit card will be issued and handed over to the branch or sent by mail. In total, the procedure for obtaining a credit card from the moment of application to the moment of its activation can take up to a month.
How to receive and activate a card
In order to receive a card, you will need to go to the office with your passport, or pick it up at the post office(depending on the delivery method you choose). After this, the credit card must be activated. While the card is inactive, transactions cannot be made with it.
After receiving an OTP Bank credit card to activate it you need to call the help desk at 8-800-200-70-02, and following the operator’s instructions, activate it. You will then be prompted to create a PIN online.
The whole procedure takes no more than 5 minutes. Be sure to write down your PIN and keep it in a safe place. The activation procedure and obtaining a PIN code is completely free.
Grace period
OTP, like most banks, offers a grace period, during which you can use borrowed funds without interest.
But with one important limitation - it does not apply to operations to withdraw cash from the card, only for non-cash transactions.
Therefore, it is important to remember this nuance before withdrawing money from a credit card.
HELPFUL ADVICE: You can save on withdrawals and take advantage of the grace period if you transfer funds from your card to an electronic wallet.
By debiting money from there to a debit card, you can use cash without losing the privileges of a grace period and without overpaying a large commission for withdrawing cash from an ATM.
The duration of the grace period is standard and is 55 days. The countdown starts from the moment you make your first purchase using the card.
You can find out about the validity period of the grace period and track all transactions in the OTP-Direct Internet bank, or using the mobile application.
How to use
The rules for using the card are simple and clear. You can use it to pay for purchases: in stores or on websites on the Internet.
It’s up to you to decide whether to withdraw cash using the bank’s own ATMs or use it only for purchases, although, as already mentioned, the latter option is much more profitable for the borrower.
To pay with a credit card in a store, you just need to swipe it through the terminal cashless payment and enter your PIN code. The purchase amount will be immediately debited from your account, and you will receive an SMS notification about the debit transaction.
The card must be stored carefully without damaging the magnetic stripe. Because of this, it may stop working and you will need to order a reissue.
REMEMBER: The PIN code is stored separately and is not disclosed to unauthorized persons in order to avoid theft of funds from the account. Pay with a card only on trusted sites on the Internet, or create an electronic wallet specifically for such purchases. It can be topped up directly from your personal account on the bank’s website.
When you receive the card, you will be given instructions on how to use it., as well as information about tariffs and the full cost of service. Save these documents, they may be useful to you.
How to find out your balance
To find out the available balance on your card, you can use several methods:
- call the OTP contact center;
- request balance at ATM;
- use your personal account;
- install and use the OTP-Direct mobile application;
- use the SMS banking service.
If you live near an OTP office, you can get information from an employee upon presentation of your passport.
The simplest and most convenient methods are SMS service and mobile application. They allow you to constantly keep your card transactions under control.
Debt payment and minimum payments
How to top up an OTP Bank credit card? There are many ways to pay off debt for clients - just choose the most convenient one and use it. You can pay off your credit card payment:
- in the Megafon salon;
- through money transfer systems;
- from a card of another banking institution;
- by writing an application to the accounting department at the place of work;
- by depositing money through Russian Post;
- through self-service terminals and ATMs;
- at the bank's cash desk (if there is a branch in your locality);
- from an electronic wallet;
- in Svyaznoy, Euroset and at the checkouts of a number of stores and communication stores - the full list can be found on the website.
As you can see, with There will be no problems to pay the payment on time. It is only important to know the amount of the minimum payment.
Here I would like to make an important clarification. Payments must be made in amounts greater than the minimum payment. The latter almost completely goes towards repaying the interest on the loan, and the principal debt is written off in tiny amounts.
The minimum payment amount is calculated based on the amount of your card debt, and changes monthly. The minimum amount required to pay off the debt is 5% of the amount spent. The exact amount of payment can be found out from the monthly invoice statement, or in your personal account on the bank’s website.
If you repay all used funds within 55 days from the date of the first transaction on the account, you will fall under the terms of the grace period.
IMPORTANT: If you missed making the minimum payment, or it was credited later than the date stipulated by the contract, then you will be charged a penalty - from 1000 rubles.
All about cash withdrawal
As with using any credit card (except, probably, Sberbank) withdrawing cash from an OTP Bank card will be unprofitable for the borrower. Why?
Firstly, there is no grace period when cashing out funds, during which you can repay the debt without interest.
Secondly, there are limits on withdrawals in the amount of 50,000 rubles per day. The withdrawal percentage is 3.9% of the amount, the minimum is 290 rubles, it doesn’t matter - at OTP’s own ATM, or at a third-party one.
In addition, an increased interest rate will be applied - its amount can be viewed in the “Card Line” section.
The removal procedure itself is very simple. It will require a PIN code, which the borrower receives immediately after activating the card at the contact center.
The credit card is inserted into the ATM, the PIN code is entered and the required amount is selected for withdrawal. It is better to save transaction receipts.
How to close an account
After you decide to close your credit card, the question arises - how to do it correctly so as not to remain in debt to the bank?
We will describe the procedure for correctly closing an account.
To cancel your credit card, it is necessary to fully restore the credit limit. To clarify the current amount of debt, it is best to contact a bank branch with your passport.
You will then be required to deposit the required amount into your account through the bank's cash desk, and write two statements.
One is about refusal of service, the second is about closing a card account.
The bank manager will accept your applications, and will perform the account closure procedure in front of you. You should be given a notice accordingly. Save it.
Otherwise, you will need to contact the bank again to resolve the issue, or write a complaint to the Central Bank and Rospotrebnadzor.
