MTS is a well-known Russian company that provides cellular services, Internet access, mobile, cable, satellite and digital television. She also provides financial services. But they are not limited to transferring money from a telephone bill to a bank card or electronic wallet. The company provides the opportunity to issue credit cards, which in the modern world are very popular and are available for almost all people. Let's look at the different types of these financial instruments and read reviews on MTS Money credit cards (Weekend, “Smart Money”).
Bank cards from the company
MTS offers a variety of MTS Money debit and credit cards. First of all, it is worth mentioning the Weekend debit product. It's no secret that there are people who are afraid of loans or simply avoid them. The MTS Money Weekend debit card was created specifically for this category of persons. It will be useful to all those people who are worried about the safety of their money, want to receive at least a small income from savings.
In addition to Weekend debit plastic, there is also a similar credit card. It is connected to the MasterCard payment system. This financial product has many advantages. Firstly, the client is not charged any amount for issuing a card. Secondly, the design process is as simple as possible. From a person who wants to get a credit card, only a passport is required. Thirdly, the grace period is provided on the card, as well as on many similar banking products.
Another card from MTS is indicated by the “Smart Money” logo. It refers to the Visa payment system. This card has a rather large credit limit - from 0 rubles to several hundred thousand. This limit is determined by the financial capabilities of the client. This card also has a grace period, but one of its main features is a 100% discount on the use of Smart tariffs, the Hype tariff plan, etc.
Read more about Weekend credit card
Why did MTS designate its credit card as “MTS Money Weekend”? Name defined conditions. One of them is to return 1 or 5% of previously completed purchases. Funds are not credited to the account every day. They return only on Friday. The indicated percentages are deducted from the total amount of purchases made by the client of the company.
This raises a rather interesting question: what determines the size of the percentage and how is it determined? Specific conditions were established by MTS. 5% is returned to the account if the client pays in cafes, restaurants, bars, nightclubs, sports clubs, taxis. If purchases are made in other places, then cashback (refundable bonus) is only 1%. Additionally, a number of restrictions are established. The interest is not calculated if the client simply withdraws cash from an ATM. Also, cashback is not set for the services of gambling establishments, the purchase of securities, lottery tickets, operations in favor of insurance companies, etc.
Customers are also interested in the period for which a bonus reward is received on the MTS Money Weekend credit card on Friday. Consider the following examples:
- You shop throughout the week, from Monday to Sunday. The total cashback for this period you will receive only on the last day of the next working week. On Saturday and Sunday you can spend this bonus.
- Imagine that now the week has come on which you should receive cashback.Starting Monday, you continue to shop. The bonus these days will not be included in the Friday cashback. The reward for this week, which is now underway, you will receive only next Friday.
Weekend Card Terms
This financial product has certain conditions that are useful for all future owners to know. Basically, the credit limit on the MTS Money card is provided to users in the amount of 0 to 299 thousand 999 rubles, that is, the maximum amount is almost 300 thousand rubles. For salary clients, this threshold is higher. It is 400 thousand rubles. The annual interest rate ranges from 21 to 30.9%. The lowest percentage is usually set for salary clients. For the rest, it is slightly higher.
It is important to remember that there is a grace period for a loan. When used correctly, the annual rate is 0%. This means that there is no need to overpay anything. For example, a client took advantage of 10 thousand of the available credit limit. If he plans to return the money during the period of soft loans, then he will need to put exactly 10 thousand rubles on his card.
Weekend grace period
And now in more detail we will consider one of the conditions of the MTS Money credit card with the Weekend logo - a grace period for crediting. It consists of 2 periods of time. One of them is called the billing period, and the other - the billing period. Let us define these concepts:
- The billing period is the length of time during which you can spend money from the provided credit limit and not pay for the use of these funds in the future, subject to certain conditions. The duration of this period is 1 calendar month. The beginning of the first billing period falls on the first day of the month of conclusion of the contract between the individual and MTS Bank.
- Billing period. It starts next month after the end of the billing period. Its duration is from 1 to 20 number. During the validity of the billing period, you are required to pay your arrears.
There is one condition to keep in mind. The preferential interest rate does not apply to debt incurred by the client due to cash withdrawal from a plastic card. The fee for withdrawing credit funds using banking products is 3.9% of the transaction amount and an additional 350 rubles. This condition has been established for both MTS Bank ATMs and ATMs of other Russian banks.
Acquaintance with a Smart Money credit card
MTS subscribers are interested in the Smart Money credit card. One of its attractive conditions, as mentioned above, is the free use of certain tariffs. However, it is not enough to simply be the owner of this financial product. There are certain conditions that must be observed in order to receive a 100% discount on communication.
One of the conditions is making purchases with a card during the billing period. Its duration is a month. However, the billing period begins not from the 1st day, but from the last calendar day of the previous month. The billing period ends on the penultimate day of the current month. For example, now outside the window is March. This month is 31 days. To get a 100% discount on communication, you can make the last purchase on the 30th. In the last calendar day (March 31), the results are summed up - the amount of all purchases is determined.
How much do you need to make purchases to receive a discount? Judging by the reviews on the MTS Money Smart credit card, it is determined by the tariff:
- if one of such tariffs as “Smart”, “Smart Unlimited”, “Hype” or the option “MTS Tablet” is connected to the phone number, then free communication is provided only when making purchases of 10 thousand rubles per month;
- for tariffs “Smart Nonstop”, “Smart Unlimited +” this amount is already higher - 20 thousand rubles;
- for tariffs "Smart +", "Smart Zabugorishte" the amount of purchases should be 30 thousand rubles.
Benefit for MTS subscribers and use of a card for savings
It is most profitable to use a Smart Money credit card to MTS subscribers. For them, this is truly a "golden" card. They are not charged for monthly servicing of a financial product (the amount of 99 rubles for servicing is debited from the accounts of other customers every month). Subscribers of the company pay only the issue of the card. This service costs 199 rubles.
It is not necessary to use the Smart Money card as a credit card. Many customers simply store their personal funds on it and spend them at their discretion. Users actively shop at stores. Payment for services and goods is not subject to any commission, which means that using a card is very convenient. If desired, an ATM can withdraw cash from the MTS Money Smart credit card. This service is also provided without a commission (it is charged only upon withdrawal of credit funds from the card).
By the way, transferring and storing own funds on a card is another way to get a 100% discount on communication. However, there is a condition. It consists in maintaining the minimum balance throughout the month. The amount is also determined by the tariff and ranges from 50 thousand to 100 thousand rubles. This method of obtaining discounts on communication is not very convenient and affordable for many people.
Other map features
On a Smart Money credit card, as well as on a Weekend card, a credit limit is provided from 0 rubles to 299,999 rubles. The funds provided by the bank can be used for free, because there is a grace period. For customers who do not use soft loans, an interest rate of 24.9 to 30.9% per annum is set. The specific value is determined by the bank taking into account the information provided by the client and depending on the results of the audit.
According to the terms of use, the MTS Money Smart credit card is issued for 3 years. At the end of the validity period, customers optionally submit an application for reissue of a financial product. No commission is charged for this service. It is important to remember that the bank may close the card without taking into account the views of the holder. This is done in one case - in the absence of card transactions and a positive balance within 6 months.
How to get a MTS Money credit card
For people who want to get a credit card, only one requirement is presented, and it is age-related. The financial product is available to persons from 18 to 70 years old. For registration only a passport is required. No other documents are needed. You will not need to search for guarantors either. The process of registration is recommended to start on the official website of MTS Bank. This is a convenient way to apply. Directly from home or office you can send all the necessary information about yourself without wasting time on a personal visit to the office.
A small questionnaire is offered on the official Internet resource of MTS Bank. It requires you to specify personal information about yourself:
- floor;
- name, surname and patronymic;
- date and place of birth;
- the series and number of the passport, information on the issuance of this document (if you wish, you can also write information about the old passport);
- place of residence;
- the status of the place of registration (personal property, social hiring, rent, etc.);
- Telephone number.
Some time after sending the application, a specialist of MTS Bank contacts the client to clarify some of the data indicated in the questionnaire. The final decision is communicated either by telephone or via SMS. If the verdict is positive, then you will need to pick up the card in the selected MTS salon. If the decision is negative, it will be possible to re-submit the online application for the MTS Money credit card after some time.
How to pay a loan with MTS cards
How to pay a loan if it is not possible to deposit the full amount during the grace period? In this case, during the validity of the payment period, a minimum payment must be paid to the account. It is 5% of the amount owed, but not less than 100 rubles. By making a minimum payment, the client confirms his right to use the card, and also confirms his solvency.
The minimum payment must be paid every month. You can find out the deadline for depositing the amount through Internet banking (on the official website of MTS Bank). Often customers violate the established conditions - they miss the date of making the minimum payment. For such violations, a fine is set at 500 rubles. Due to a pass on the card, the credit limit may be disabled. The bank will do this because of the appearance of doubts about the solvency of its client.
MTS credit card user reviews
There are quite different reviews about MTS Money credit cards issued in several versions (Weekend, “Smart Money”). Some clients write about a dishonest grace period. The conditions indicate that the grace period begins when the client has no debt under the contract. Not all people read these terms. That is why there are negative reviews about credit cards.
How is this condition implemented in practice? In many banks, after the end of the interest-free billing period, the billing period and the next interest-free billing period begin. People without fear use credit cards with similar conditions. After the end of the billing period, MTS does not begin another billing period due to the presence of debt. This means that next month the established interest rate will apply. And there are several options here, as noted by users. It is necessary to use one more grace period:
- or pay arrears in the first month of using the card, i.e. during the validity of the billing period;
- or pay a debt in the payment period, but do not use the card for a month due to the lack of a grace period for a loan.
Another minus of MTS credit cards, which users point to, is that credited funds to the account come late. Due to this, customers often experience delays. MTS warns of the possibility of such unpleasant situations and recommends depositing money into your account in advance.
At the same time, there are also positive reviews about MTS Money credit cards. Users are primarily attracted by the convenience of these financial products and the ease of receipt. An application on the official website is completed in just a few minutes, and a decision from bank employees comes as quickly as possible. With a card you can pay for goods and services both in real stores and on online resources.
In general, it can be said that all cards issued by MTS are “gold”. They often turn out to be real magic wands in difficult financial situations. Credit cards can be used both for its main purpose and for the accumulation of own funds. However, only with proper handling, plastic becomes a convenient and profitable financial tool. In order to use credit cards correctly, you must always carefully read the terms of the contract, in case of incomprehensible situations, seek clarification from the staff of MTS Bank. A very important and useful tool in using credit cards is Internet banking. It is designed to track all financial transactions, increase the credit limit on MTS Money cards, etc.