Credit cards are in demand among Russians, since they allow you to pay with the issuer's funds without interest within the grace period. The bank with the Hungarian roots of OTP is one of the leaders of the Russian Federation in issuing credit cards. OTP credit card reviews will allow you to evaluate the prospects of using the product.
Types of OTP credit cards
In 2019, the bank offers 3 types of credit cards to its customers:
- "Big cashback."
- "Lightning".
- "Clear map."
Customers can receive any of the credit cards on the same day. OTP Bank credit card conditions vary depending on the type of product. The borrower is allowed to have no more than 1 OTP credit card.
Big cashback card review
The product about which the most reviews were left (from OTP credit cards) on the popular Banki.ru service is the Big Cashback card. OTP Bank credit card terms with cashback for purchases:
- the maximum limit is 1 million rubles;
- up to 7% cashback for purchases in selected categories;
- 1% cashback on all other purchases using the OTP card;
- service without commission;
- free issue;
- the opportunity to get a credit card on the day of application.
The size of the cashback for purchases is limited: no more than 36,000 rubles per year. The product belongs to the premium category. The cardholder can evaluate the capabilities of the Mastercard World customer support program.
The bank charges interest on the balance: if the client has more than 10,000 rubles, it is possible to receive up to 4% per annum. It is allowed to carry out expenditures on an OTP Bank credit card in the amount of up to 100,000 rubles. per day and 700 000 p. per month.
The interest rate is not the lowest in the country - from 24.9% per annum. But the owners have up to 55 days of the grace period during which it is possible to spend OTP Bank funds and not pay interest for use.
Reviews on OTP credit card with cashback
Most negative reviews of OTP loan products are related to the Big Cashback card. But the negative clients is not associated with the conditions, but with the possibility of obtaining a credit card.
The largest number of complaints is related to the following point: when sending an application for a credit card of OTP Bank, it turned out that the customers could fill in all the data. After processing the questionnaire, the borrowers received SMS with preliminary approval and an available limit on the card. But at the office or at the point of issue of the card, managers refused to receive a credit card for various reasons, for example, due to insufficient solvency or unreliability.
Under the terms, OTP credit card reviews are positive: the bank does not cheat on charging cashback for purchases and allows owners to choose the category with maximum bonuses on their own. Not all users like the work of Internet banking, but it does not spoil the impression of the chosen credit card.
According to reviews, an OTP credit card with a cashback can be issued with only a Russian passport. Credit cards are issued to citizens with constant registration and stable income.
Redeeming a cashback card: features
In Russia, there are more than 400,000 points where OTP clients can repay a Big Cashback credit card with a minimum commission. OTP partners are:
- "Post of Russia";
- "Connected";
- "Megaphone";
- Kari;
- Eleksnet;
- Beeline;
- Know-how;
- Unistream
- "Agent.ru";
- Euroset;
- Rostelecom
- MTS;
- Rapida.
In addition to these points, customers can make payments online, on the OTP website, through OTP-Direct or Yandex.Money or QIWI online wallets.
The term for crediting funds can reach 5 days. Before sending, you should check the commission with the intermediary in advance.
"Lightning fast" OTP credit card: advantages
The credit product of the MasterCard payment system is in demand by customers because of the minimum requirements for obtaining: age from 21 years of age, citizenship of the Russian Federation, registration, permanent income. At the same time, OTP does not require the submission of certificates: “Lightning” can be obtained only by passport.
Courier delivery "Lightning" is not possible. The client can only issue an OTP Bank credit card in the region where the issuer has an office. Temporary registration is allowed.
The grace period of OTP Molniya credit card is a maximum of 55 days. Additional benefits:
- Free online bank "OTP-direct". With the help of the service, cardholders can pay arrears without commission at any time of the day. A mobile version of the app is available on the App Store and Google Play.
- Accrual of up to 6.5% per annum on the credit card balance. To accrue interest, it is recommended to leave from 5,000 to 200,000 rubles on the balance sheet. Interest is accrued only for depositing own funds in excess of the Lightning credit limit.
- Cashback up to 3% at partners and 1.5% at other retail outlets. The cashback size is fixed. A maximum of 2,000 rubles per month and 24,000 during the year is available to the client. Bonuses are credited to a separate account. The minimum purchase amount must exceed 100 rubles.
- Top-up online without commission. To pay cash to Lightning, it is recommended to use the mobile or desktop version of OTP Direct.
- Cash withdrawals up to 45,000 rubles per day and 250,000 rubles per month.
Extra bonus: when buying from a card in the amount of more than 2000 rubles within 30 days from the date of issuing the card, the bank returns 300 rubles to the account.
Terms of credit card "Lightning" from OTP Bank
The credit limit depends on the level of solvency of the client. The maximum amount of funds that the owner can count on is 300,000 rubles.
The interest rate is not the lowest in the Russian Federation: the Molniya credit card is issued with a limit of 26.9% per annum. The bank may charge up to 49.9% per annum for using the credit limit. The interest rate is set by OTP Bank individually for each client.
Additional expenses:
- for SMS-bank - 79 rubles per month;
- statement in self-service devices - 59 rubles;
- certificate of account status by mail - 59 rubles.
Mandatory payment is 6% of the balance of the main debt, but not less than 600 rubles per month. It is not recommended to allow delays: the penalty for missing the mandatory contribution is 20% of the debt.
Reviews about the credit card "Lightning"
Information on the official website or at OTP offices does not allow us to evaluate the real conditions of the card in the way that user reviews allow. Potential borrowers are interested in whether to open a credit card OTP "Lightning".
There are practically no negative descriptions of the product on the Web, as the credit card conditions correspond to the information on the site. The only thing that does not suit customers is a high interest rate (up to 49.9% per year). But OTP does not hide the conditions of lending, and interest is set depending on the reliability of the client. Therefore, a credit card can be attributed to a banking product, after registration of which the borrower will not regret his choice.
Regular borrowers with a good credit history and a stable income of 30,000 per month can count on a minimum interest rate - from 26.9% per annum. But even new customers can become the owner of "Lightning" on favorable terms. The bank makes the final decision on the application within 48 hours after processing the documents.
Credit card payment terms: user reviews
The owners can redeem the Lightning card in several ways: online, at the bank’s offices or through partners, in terminals, by money transfer, via SMS. The most favorable conditions are using the services of OTP Bank.
In OTP credit card reviews, owners indicate the features of using OTP Direct. The application does not always work quickly, it freezes periodically, which can cause delays in payments. Therefore, it is recommended to deposit a minimum amount 2-3 days before the payment date. An alternative to payments through OTP-Direct is online payments on the official website. The commission depends on the method of payment.
Clear Card: Credit Product Overview
The new OTP credit card is distinguished by a unique offer: the client can choose the condition for using a credit card - to withdraw cash or pay at retail outlets. Depending on the chosen option, the interest rate for withdrawing a credit limit at ATMs or payment from a card will differ.
Benefits of the "Clear Card" product:
- release and maintenance without commission;
- selection of credit card use conditions - for cash withdrawal or payment;
- free SMS information on all operations;
- bonuses up to 30% of the MasterCard payment system.
For cash withdrawals from OTP credit cards, the interest rate per year is 39.9%, for payments for purchases (including online stores) - 27.5%.
"OTP Bank" free of charge notifies the client about the status of the account once a month and provides the opportunity to request a report at the ATMs of the network. There is no commission for spending on the card, as well as for transferring funds when replenishing a credit card through the official website or the OTP-Direct application.
Customer opinion about the product
The terms of the "Clear Card" are attractive, and the design is available to all citizens of the Russian Federation from 21 years old with a good credit history. But the limit is not always satisfied with customers. On the Web, users of the "Clear Card" complained about the undeservedly low limit set by the bank.
Not everyone who wrote a negative review was able to prove their high level of income, so the opinion of such users about the bank and credit card is subjective.
Of the positive aspects about the credit card, customers noted:
- compliance with the loan rate stated in the contract. OTP Bank does not overestimate the terms of lending and does not charge customers more than what is required by the agreement;
- quick clearance. There are no negative reviews on the Web about how to apply for an OTP credit card. All conditions are simple and spelled out on the bank's website, the rules are followed by company managers. You can get a "Clear Card" on the day you submit the documents. Application can be submitted online on the official website of OTP Bank;
- convenient calculation of the grace period, which the owner can check in the OTP-direct, ATM or with the help of support staff.
The product is inferior in benefits to cashback cards, so it is recommended to open a “Clear” credit card to those who prefer to withdraw cash. First, you should choose a tariff with minimum interest for regular withdrawal of a credit limit.
How to make payments? Redemption of the "Clear Card"
The owner of the credit card "Clear Card" can deposit used credit funds in any available way: at the bank and through OTP terminals, online, through the OTP-Direct application, by money transfer using other banks or from partners. Commission is not charged only when paying through OTP.
The term for crediting money is from 1 minute to 5 days. The fastest way money comes to a credit card when sending from the bank's website. It is allowed to pay online from another bank card.
Credit card activation: conditions, features
OTP credit cards are not automatically activated. This condition allows you to protect funds on a credit card from intruders. Card activation is possible by phone.
How to activate an OTP bank credit card:
- call support (you can find the phone number on the website);
- introduce oneself, give passport details, loan agreement number and card information;
- invent and set a PIN code;
- confirm the operation.
Without setting the PIN code, the client will not be able to complete transactions in excess of 1,000 rubles and withdraw cash. Purchases from 1 ruble to 1000 are possible without entering a PIN code - using contactless technology.
The credit card is activated within 24 hours from the moment of contacting the bank support service. The call is free, the line is open around the clock.
Setting a PIN code for OTP cards
If a client has already activated a credit card, but has not set a PIN code on it, he can do this by a toll free number. When setting the code, all credit card details should be named. and information from the passport of the Russian Federation.
The code will be installed after checking and confirming the information. If the client has forgotten his PIN, he should also call support and follow the instructions of the manager.
How to close a credit card?
If the conditions of the product did not suit the owner, it is recommended to close the card account. There are 2 options for closing an OTP credit card:
- For a personal visit to the organization’s office.
- When contacting customer support.
To visit the bank, the client must have a passport and a card with him. The OTP manager will check the credit card for debts and, if there is no debt, draw up an application to close the account. The cardholder must verify and sign the documents, keeping a copy of the certificate at home.
In the absence of financial claims, the card account will be closed after 45 days from the date of paperwork.
When calling a support service, the principle of the client’s actions is the same, only identification is carried out by phone. Copies of documents can be sent to the mailing address of the owner or his e-mail. If there is a debt, OTP credit cards are closed only at the bank’s office.