Belarusbank is a large universal financial and credit institution of the Republic of Belarus. This structure offers various types of banking products and services. This bank is in the leading positions in the domestic financial sector in such indicators as the level of capital, assets, loans, deposits and so on. One of the products of this financial institution is the Magnit card. We learn more about it, and also find out what the customers of the bank think about this payment instrument.
Information about Belarusbank
The activities of the organization represented are directly related to the economic sphere of the country and are aimed, first of all, to promote the dynamic development of the most important sectors of the financial and social sphere. The clients of this bank include various industrial enterprises and the oil refining complex, as well as the construction and telecommunications industries.
Today, Belarusbank has a large network, as well as a developed infrastructure, and in its system has twenty-three branches and one hundred service centers, and in addition, over one and a half thousand branches and exchange offices.
New Product
The installment card “Magnet” from “Belarusbank” is gaining more and more popularity among the population. The reason for this is significant advantages, for example, when calculating with your own money in stores that are partners, the return reaches twelve percent.
When purchasing purchases from partners of the bank during settlement by means of an overdraft loan, installments are granted up to twelve months. Below we will tell you how to use the Magnet card from Belarusbank.
Card terms and conditions
The one-time reward for servicing the Magnit card will be 4 BYN. The client independently contributes this amount.
If the client stores his own funds on the card, then additional interest of 0.5% per annum is charged on this amount.
In addition to installments, the service provides the return of part of the money from purchases (cashback) - up to 12% of the total transaction amount. This only works if you purchase goods and services from partners of Belarusbank, and for your own money on the card. Each partner individually sets an installment period and cashback size. It is necessary to clarify this information with each partner individually or on the Belarusbank website.
Where else does the installment card work?
In addition, this card can also be calculated in trade institutions that do not take part in bank affiliate programs. In this case, payment for services can be made at the expense of an overdraft loan, that is, the Magnit card from Belarusbank is used as a credit. The percentage indicator depends on the size of the National Bank's refinancing indicator in Belarus. In situations where payment is transferred from own funds, cashback is not credited.
When the first expense transaction is carried out at the expense of overdraft funds, the client is provided with a one-day thirty-day term for paying interest for its use at a reduced rate, that is, he is given the so-called grace period. Without paying an additional fee, the card holder can change the PIN code or register in Internet banking.
In the event that the volume of non-cash transactions using the “Magnet” installment card from “Belarusbank” or its details in trade and service establishments is fifty Belarusian rubles or more, then no monthly fee for plastic is charged. If the amount is less, then the payment for servicing the product will be one Belarusian ruble per month.
You can familiarize yourself with the terms of the Magnet card from Belarusbank and apply for it in Internet banking or by calling the contact center, as well as in structural divisions of a financial institution and on the corporate website. You can also find out how to use the Magnet card from Belarusbank there.
Magnit Card Partners
Today, the total number of partners that accept this card throughout Belarus is over 7.5 thousand organizations. In addition, the list of Magnit card stores from Belarusbank is expanding every year. Installment card holders have the opportunity to find an attractive offer for themselves in universal, grocery, construction centers, travel companies, as well as in other categories. According to reviews, the Magnet card from Belarusbank is a very convenient tool for paying for goods and services. Therefore, it is worth a try.
The following organizations are among the partner stores of the Magnit card from Belarusbank:
- A network of Euroopt product stores, as well as MART INN.
- E-Techno stores along with the A100 gas station network.
- Salon of communication "ALLO".
- Furniture stores “Furniture Gomeldrev”, “Real Furniture”, “World of Furniture” and the trading house “Svisloch”.
- Your Great chain, Eliz, as well as Fitsport and FitKervs sports stores.
- Salon "Door style".
- Building stores "Expert" and "Expedition".
- Clothing store Conver.
- Shops for women “Milavitsa”, “Fashionable closet”, “Desira”, “World of bags”, Conte and “House of fur”.
- Shoe stores Sun Dali and Belvest.
- Cosmetic shops “House of cosmetics” and “World of cosmetics”.
In addition, the following travel agencies and companies are represented among the bank's partners: Delta-Tour, Top-Tour, Boden-Luft Tour, BALKANINTUR, New East Line, Global Travel, AVALON-TOUR , ASTREVEL, Turlux and others.
Reviews on the “Magnet” card of “Belarusbank” confirm the convenience of settlements when purchasing goods and services.
Card Features
So, the “Magnit” card provides its holders with up to twelve months installments without a down payment, and in addition, without overpayments. Cashback is also up to twelve percent. The grace period is thirty days.
Thus, having issued a “Magnet” card, the client receives the following advantages:
- International class Mastercard Standard contactless card in Belarusian rubles for three years.
- The client has the opportunity to make monetary transactions in Belarus or abroad at the expense of his own funds or the bank through overdraft.
- A person can draw up a Magnet card, regardless of whether he has a bank account or not.
- The amount of overdraft is up to ten thousand rubles.
- Free internet banking connection.
In addition to non-cash transactions, the client can also withdraw cash from the Magnet card from Belarusbank. But it is worth emphasizing that this plastic is more designed for shopping.
The main advantage of the presented card is that it gives the opportunity to installment plans for up to twelve months at a low interest rate, which is only 0.000001%.
In addition, it is worth emphasizing that the Magnit card works with the MasterCard payment system, thanks to which a person can buy various goods not only in Belarus, but also abroad. However, it must be borne in mind that installments are provided exclusively in partner stores. Outside a network of partners, you can pay with plastic as a regular payment tool.
Refunds when making purchases from partners
The “Magnet” card differs from others like it in that if it stores personal funds for which purchases are made, then up to twelve percent of the amount of each purchase can be returned to it according to the loyalty program called “Your Bonus”.
At the same time, the partner stores of the Magnit card from Belarusbank set their personal conditions. For example, the Euroopt supermarket chain returns to customers one percent of the amount of purchases that were paid with a Magnet card. And buying by installments at Tsuma, the client will be able to return six percent of the amount, subject to payment at his own expense.
The term for reflection of the total amount for the refund of money on the cardholder’s account is the last working day of the current month. It should be noted that the amount of the return is taxed in accordance with the amount established by the current tax legislation of Belarus.
You can learn more about the percentage of return and other conditions for making payments with this card from sellers. It is interesting to note that the remaining installment cards in Belarus only return up to two percent of the transaction.
Installment conditions are quite simple, the Magnit card provides bank customers with the opportunity to pay for purchased goods by installments for up to twelve months. True, each outlet determines its individual terms. For example, in one store installments can be issued for a period of up to two months, and in another - up to twelve. The list of Magnit card stores from Belarusbank and the purchase conditions can be found on the bank’s official online resources.
How to replenish the “Magnet” card from “Belarusbank”?
You can replenish the Magnet card through any channel, for this you only need to know its details. The following can be used as the main replenishment tools:
- Bank branches.
- Information kiosks.
- Internet banking.
- ATMs equipped with cash-in function.
- Through m-banking.
- Top-up Terminals.
- Points of clearance.
Who can draw up a Magnet card?
The Magnit card can be ordered by persons who are residents or citizens of Belarus, as well as those who have a permanent residence in the territory of this country.
Issuance of a card is carried out after a finally approved positive decision from Belarusbank. You can apply in several ways:
- Through bank branches.
- Leaving a request online.
- By hotline number.
- In information kiosks or online banking.
Card Rates
As already noted, after the Magnit card is issued, the bank charges a commission of four Belarusian rubles for the entire period. In this case, the monthly commission will not be debited, provided that during the month an operation was performed in the amount of more than fifty Belarusian rubles.
Consumer reviews on the card "Magnet"
As for the reviews on the Magnit card from Belarusbank, it can be said that most of them are positive in color. Among the reviews of the holders of this card, there is often information that people use it to make all kinds of purchases. So, consumers say that they regularly use Magnet when they go for any acquisitions, making non-cash payments. Cardholders really like that some of the money is returned to their account.
In general, we can say that people are happy with this payment tool and in their reviews of the Magnit card from Belarusbank call it an easy and profitable solution to their financial problems. Consumers like that with this card they can make payments not only in Belarus, but also abroad, and this can be done at the expense of personal funds or through overdraft.
Thus, the principle of operation of this card is almost identical to conventional credit plastic. That is, its holder does not need to have personal savings in order to buy expensive things. It turns out this way: purchases are made by the client, and the bank pays for them.