Maestro Card: Maestro Momentum, Maestro Social, Maestro Student

MasterCard payment system was founded in the 40s of the last century by the group US banks. It accounts for 20% of all cards in the world and the same volume of the payment market. One of the most successful projects of the company was the Maestro card.

A bit of history

In 1966, Bank of America began issuing licenses for the use of card technology to credit institutions. As a result, several regional bank associations were formed, including the Interbank Cards Association (ICA). It included 17 banks. The association was engaged in mutual servicing of credit cards. A committee of several participants established clearing authorization rules and led the organization itself. Two years later, ICA has branches in Mexico, Europe and Japan. And by the end of the 70s, the association included more than 5 thousand financial institutions serving 36 million cards. The latter had a special identifier - the letter "i" on the front side.

In 1969, the association changed its name to Master Charge, and another 10 years later to MasterCard International. In 1981, MasterCard issued the first Gold card. Since 1983, a laser hologram has been used as a safety feature. Between 1980 and 1990, the number of serviced cards in the United States increased from 55 to 90 million, and the volume of purchases increased from 10.5 to 99 billion dollars.

In 1990, the first card with a signature strip appeared. Then the company introduced a modern identification system - two interconnected circles. In 1991, together with Europay International, a large debit program was launched - the Maestro card. It was tied to the holder’s current account and was used to send payments, pay for goods.

In 1994, the company switched to chip technology, which provided a higher level of transaction security and reduced operating costs. MasterCard was the first company to provide access to telephone account management in 1996. Today, the association is actively involved in the development of microprocessor cards, as well as their promotion as a secure payment tool.

Maestro in Russia

On December 29, 2012, the Bank of Russia registered the MasterCard payment system. Sberbank of Russia CJSC, which is the settlement center of the association, was the first to issue a Maestro card. In its functions, it is similar to Visa Electron: it is easy to maintain, it is used mainly for transferring salaries, social payments, payment for goods, and cash withdrawals. In addition to Maestro, Sberbank also has Momentum, “Social” and “Student”.

Maestro momentum

The card is issued instantly when contacting a bank branch. There is no inscription on it. Money is credited to the Maestro card instantly after the transfer is confirmed. It can be used only within Russia.

Map of the Maestro "Social"

It is intended to transfer social benefits. To draw up a card, you need to open a current account, write a statement and provide the details to the organization that provides benefits. A “social" card is issued for a maximum of 3 years. It is served at ATMs and terminals. With its help, elderly people solve a large number of problems. First of all, there is no need to go to the bank to receive a pension. The financial institution, in turn, reduces the cost of issuing and maintaining savings books.

Map of the Maestro "Student"

This is a kind of “social” plastic for which scholarships are transferred to students. An account is opened only in rubles. Using the card, you can pay without commission at retail outlets, receive and send money transfers, pay utility bills.

Consider the conditions under which the Maestro card is issued. Sberbank provides its customers with access to wire transfers, payments, remote account management for 300 rubles per year. Momentum card can be issued in US dollars, euros or rubles. The maximum validity period of plastic is 3 years.It can be equipped with a chip, a magnetic strip, apply convex identification data.

Opportunities

• Remote account management.
• The ability to activate the Mobile Bank service - SMS alerts about all operations.
• Cashless payment of goods at retail outlets, via the Internet.
• The ability to activate the Sberbank Online service and pay utilities, fines, top up a mobile phone account, check balances via the Internet.
• Card "Maestro" participates in the program "Thank you from Sberbank."
• You can withdraw funds at any ATM in Russia.
• To transfer money, you only need to know the recipient's Maestro card number. Usually money is credited instantly. In controversial situations, you have to wait up to 3 days.
• The ability to activate the “Auto payment” service - if the balance of the mobile phone is reduced, a certain amount will be automatically deducted from the card.
• The Maestro card is tied to electronic bills.
• You can replenish the account in cash through the terminal or by transfer from another card.
• Possibility to apply for a short-term loan on the Maestro card.

How to get a card?

Maestro “Social” is issued to citizens upon reaching retirement age or due to the loss of a bread-winner, disability to persons who are permanently registered in the Russian Federation. Documents for registration of "Student" plastic are collected and transferred to the financial institution by the accounting staff of the university. In all other cases, you need to perform the following sequence of actions:

1. Contact the Sberbank branch with a passport.
2. Write an application for opening an account.
3. Bank card "Maestro" is issued within 10 days.

Reviews

Users of Maestro Sberbank cards note the following advantages of plastic:

• free service;
• 3.5% per annum are accrued on the balance of funds once a quarter;
• the ability to issue additional cards;
• automatic participation in promotions from the MasterCard system.

Both the Social and Student cards of the Maestro (Sberbank) have the following restrictions:

• served only in the territory of the Russian Federation;
• operations are carried out in rubles;
• only social payments are transferred to the card (if a pensioner or student gets a job, his salary cannot be credited to the indicated account);
• the card is intended primarily for cash withdrawals; CVV2 / CVC2 may not be present on it.

Tariffs

For clarity and better perception, the material in this section was placed in a table.

Loan to the Maestro card

Overdraft is a short-term loan for large expenses, for example, the purchase of large household appliances, for the vacation period, etc. Most often, such a loan is provided on entry-level debit cards. The limit is negotiated individually by the terms of the contract. In the case of a salary card, it depends on the amount of monthly income. Overdraft from Sberbank cannot exceed 50% of salary. If we are talking about the Momentum card, which is attached to the current account, then to confirm the income level, the client needs to provide a 2-NDFL certificate. After opening a credit line, all proceeds to the account will primarily be sent to pay off the debt.

You can apply for an overdraft at a bank branch, immediately upon receipt or through the website of Sberbank. But, before applying, you need to understand the essence of this operation.It makes sense to use overdraft only in emergency situations, since interest for the service is charged large. With an average market lending rate of 17% per annum, a short-term loan is issued at least 30%. A loan is issued for a period of several hours to several days. The rate is usually set in days. For untimely receipt of funds to the account, the bank automatically charges a fine. It is impossible to prove that the delay in transferring salaries, scholarships, pensions was not your fault.

Microcredit

A worthy alternative to overdraft is a microloan of financial companies. Its main advantage is that Sberbank does not block such operations. To receive funds, simply register the details of the plastic on the financial system website and confirm that you own it. All the companies discussed below conduct their activities via the Internet; they do not have branches in cities. There is no document flow. Therefore, funds are credited to the account instantly.

Zaimo

Funds are issued according to the passport of the Russian Federation. Registration does not matter. The main thing is that the client is over 18, but under 85 years old. The loan amount ranges from 2 to 20 thousand rubles. Increase is possible only with repeated calls. Funds are issued for up to a month. The client has the right to repay the loan ahead of schedule after a certain time. The fee for the use of funds starts from 1.9% daily. With each subsequent application, it decreases by 0.1 percentage points. To get a loan, you need to register on the site, fill out a form, specify the details of the plastic.

Moneyman

• Loan amount: from 1.5 to 50 thousand rubles.
• Funds are issued for a period of 5 to 31 days.
• The commission for using money is 1% per day, with a good credit rating - 0.5%.
• Age restrictions: 18-70 years.

For each new client, the first loan in the amount of up to 7 thousand rubles. issued without interest. When re-applying, the amount increases. To receive funds you need to provide a passport of a citizen of the Russian Federation, account details and fill out an online application.

One click money

You can get a maximum of 7.5 thousand rubles from this company at the first appeal, and 20 thousand rubles at the next. Funds are issued for 31 days at 2% per day. You can repay the loan on the third day. The company serves customers aged 18 to 80 years. She works only with debit cards "Maestro". The process of obtaining funds is similar to that described earlier: you need to leave a request on the site, provide the card details and wait a few hours until the money is transferred to the account.

Pay P.S.

The terms of service of this company are less attractive: the stakes are large and the terms are small. The loan amount varies from 1 to 5 thousand rubles. Money is issued at 2% for a period of 5 to 25 days. Funds are transferred to the account immediately after filling out the application on the system’s website. To register, you need to provide a scan copy of not only your passport, but also any other document (passport, TIN, driver’s license). Profiles are considered only from persons aged 21 to 60 years.

Lime

This company offers the most interesting conditions. The application is considered a few minutes. In the case of a positive response, funds are instantly transferred to the card. The lender allows early repayment of the loan and recounts interest from the second day. The allowable amount ranges from 100 rubles. up to 20.5 thousand rubles. At the first appeal, you can get a maximum of 7 thousand rubles. for up to 90 days at 2% daily. From the second application, the rate is reduced to 0.5% per day. The company has strict age restrictions: from 23 to 65 years. To apply for a loan, you need to register on the site, fill out a questionnaire, indicate passport details and attach a bank card to a personal account.