Credit card "Tinkoff Platinum" - "120 days without interest" - reviews, conditions and features

This summer, Tinkoff actively promoted its credit card, luring customers with promises to repay existing loans at other banks and at the same time receive a unique grace period of 120 days. This promotion didn’t cause much excitement, because it didn’t show the main thing for the one-minute video: the discount is valid only if the condition is met - the card user needs to activate the “Balance Transfer” service.

Terms of use

Tinkoff Platinum is the bank's flagship product. It makes it easy to make purchases in both retail and online stores. In addition, each of them brings points. And most importantly - there is a unique four-month grace period, due to the connection to the new product of the bank - “Balance Transfer”.

How advantageous is the offer - 120 days without interest on Tinkoff Platinum? Under standard conditions, the grace period is 55 days. During this time, it is necessary to fully repay the debt, or at least part of it, making payment in the amount of 6% of the total amount of borrowed money. Banking conditions allow you to configure auto payments to systematically replenish the credit card balance.

The start date of the grace period is indicated in the service contract (most often this is the day it is signed).

You can continue to use a credit card, because interest on purchases is not charged.

Plus, we note that the bank has no branches. No one. For the owner of Tinkoff, Oleg Tinkov, believes that time is the most unique and accessible resource. And why spend it on the line? In his company, the client can solve all arising issues either by going to the official website through an Internet browser, or through a mobile application, or simply by calling the toll-free number on the call center. And that’s it: five minutes of time, whole nerve cells and no problem.

How does the card work without interest from Tinkoff?

Everything is simple. With its help, you can conduct a kind of restructuring of one loan from a third-party bank. After this operation, the promised benefit is included - 120 days without interest. At Tinkoff Platinum, reviews often write about this, at the end of the grace period, interest accrual starts again according to the current tariff. Do not forget about the monthly payment, which should be at least 6% of the resulting debt. You can use this offer of the bank only once a year.

The service is available to both new and existing customers.

The credit limit does not exceed 300,000 rubles (card users write that the bank determines the ceiling of issued money within two to three wages).

Bank Terms

The benefits of this proposal can be assessed by the following criteria:

• The grace period is 90 days (in case of debt restructuring, it increases to 120 days). It should be noted that interest is not paid, but payments on the principal debt must be paid (6% of the loan body).
• After this period, the remaining amount will begin to accrue interest at the rate according to the tariff plan.
• Restructuring can only be one loan, which must be rid of debts and delinquencies. Redemption is possible both partial and full (one-time).
• The service is connected for free.
• A third-party bank loan can be repaid only within the limit of the approved card. That is, if it is 70,000, then the transfer will be the same amount (subject to the availability of these funds).
• According to the terms of the Tinkoff credit card - “120 days without interest”, you can use this service only once a year.
• You can connect a banking product exclusively through a call center or through an application for mobile gadgets, by correspondence with a bank specialist.
• All transfers are made to personal accounts (operations are blocked on the account of a third party).
• Cashback is available with an interest rate of 1-30% of the purchase price and the Bravo program. Within its framework, a bonus in the form of points is credited for 1% of the acquisition amount. With their help, you can pay for tickets for a train, plane, restaurant bill, etc.
• Active use of the card increases the limit.
• Internet banking is thought out to the smallest detail. It is convenient to receive information on a loan with it, including the date of payment and the amount.
• The card is issued without guarantors and collateral. By the way, all kinds of references and photocopies are not required.
• Abroad, plastic from Tinkoff also works great. It automatically translates rubles into the currency of the host country and vice versa, allowing the tourist not to "bother" with currency exchange and the search for bank terminals.
• Card funds can be withdrawn to credit accounts (for debit this service does not work).
• On the World Wide Web, payments are made via 3D-Secure (secure service).

There are some restrictions. It:

• The minimum transfer is 5,000 rubles.
• Operations for this service are carried out only in national currency and in ruble accounts.
• The maximum amount allowed for restructuring is 120,000 rubles (for bank details) and 75,000 rubles (for card number).

The minimum payment by Tinkoff credit card - “120 days without interest” is prescribed individually in the agreement with each client, the maximum - does not exceed 8% of the main debt.

Borrower Requirements

In part, they are standard, but they have pleasant indulgences.

The first thing that you pay attention to when registering plastic is Russian citizenship and registration. And the second is the age of the borrower: from 18 years to 70 inclusive. Tinkoff is not afraid of either a bad credit history or loans from third-party banks.

Interest and rates

They are prescribed individually in each contract with the client. But, in general, the requirements are as follows:

• Operations on cash withdrawal or transfer to a debit card impose a cash amount of 30 to 49.9% per year.
• Purchases made on credit are taxed at a rate of 13.9 to 29.9% per annum (it depends on personal credit history).
• Plastic maintenance costs 590 rubles (this is less than 50 rubles per month).
• The commission for cashing out or withdrawing to third-party accounts is 290 rubles, plus 2.95% of the amount.
• A reissue at a Tinkoff Platinum card bank with a grace period of 120 days on a personal initiative or an order will cost an additional 590 rubles.
• Mobile banking - 59 rubles.

Penalties

They are imposed in case of non-payment of the next payment. The system is as follows.

1. Accrued interest in the amount of - 19% of the annual.
2. A one-time penalty for the first delay is 590 rubles.

Subsequent increases by one percent. That is, the second pass of payment is 590 rubles plus one percent, the third - plus two, etc. And 0.2% will be charged for each day.

We connect the service

To do this, go to the official website of the financial and credit organization, go through the necessary registration and fill out the proposed forms. Moreover, judging by the reviews, before applying for a Tinkoff credit card - “120 days without interest”, it is advisable to carefully study its information, tariffs, penalties, etc., as well as user reviews.

Instructions for a new customer

Consider what steps you need to take to transfer the debt to Tinkoff Bank.

• We find out the exact amount for full repayment in a third-party bank, preferably on a specific date. We ask for a printout with the bank details and accounts.
• Since there is no card yet, we go to the official website, fill out the application form and online application for opening the Tinkoff Platinum card - “120 days without interest” (reviews confirm that it is absolutely easy). The bank issues the decision immediately. The card is delivered to any convenient address.
• We activate it through a mobile application, online banking or by phone.
• In the latter case, the specialist needs to be informed that it is necessary to activate the refinancing service.
• Next, you need to dictate the details of the debt obligation or card number.
• After five business days (in fact, not more than two), the transfer passes, and the debt in a third-party bank is repaid. It remains only to take a document on the closure of the loan.

Instructions for the card holder

In the reviews of the Tinkoff Platinum credit card, everyone writes that in this case everything is as easy as shelling pears. We turn to the call center or order a service through a mobile application, inform the requested data and wait for the transfer.

Interesting nuances

For the correct use of the service on the Tinkoff card - “120 days without interest”, bank customers offer several recommendations.

1. Before applying for a service, you need to check the credit limit: there should be no debts. Otherwise, confusion arises: first, debts will be written off on purchases made or cash withdrawals, and only then on the transferred loan.
2. During the grace period, after restructuring, you need to refrain from any card transactions, because, as usual, you get confusion in these same periods, and, as a result, interest is accrued (and considerable).
3. If there are paid services, they must be turned off: the monthly fee must be paid off in full.

I want to emphasize that this card has the highest percentage of bank approval. And neither bad credit history, nor the presence of debts in third-party banks does not interfere with this. In this way, according to the mutual opinion of users, a modern bank works that respects its customers. In addition, Tinkoff always has adequate technical support, and even around the clock.

On specialized banking products sites, Tinkoff cards have a rather high rating. And “Platinum” - “120 days without interest” from the beginning of September 2017 takes the second place. Customers positively evaluate this plastic, noting in the reviews that with a rational approach to the transferred loan, it becomes easy.

If criticism is encountered, it most often affects the high annual rate and the conditions that the bank suddenly changes to more loyal ones, only the user has to declare their desire to refuse any Tinkoff services.

When is it better to choose a different card?

Having studied all the pros and cons of the Tinkoff Platinum card - “120 days without interest”, we can say that you need to refuse it if:

• Funds are needed only for purchases. There are more convenient and more profitable options. For example, Halva or cards from Home Credit.
• Money will often be withdrawn to a debit card or cashed. Here the plastic “100 days without interest” from Alfa Bank will perfectly cope.

In any other case, nothing is better than Tinkoff Platinum - “120 days without interest” (reviews are vivid proof of this), no.

Post scriptum

Finally, a small example. Suppose a debt in a third-party bank of 100,000 rubles was taken at 30% per annum. For three months, 7,500 rubles is accumulated as interest. We transfer the debt to Tinkoff Bank using the Tinkoff Platinum card - “120 days without interest” (reviews confirm the profitability of the transaction) and save the announced interest minus 590 rubles (fee charged for servicing the card). It looks convincing.