MTS Bank
MTS Money
You can pay for a purchase with a credit card now, and return the money later and without interest
- Monthly fee
- Free
- Cashback up to
- 5%
- Credit limit up to
- 1,000,000 RUB
- Interest-free up to
- 111 days
- Total annual cost
- 57.1–57.2%
- Collection
- Delivery
Product information
In what situations is a credit card useful? You can use a credit card to pay for a purchase at the bank's expense, and then return the money you spent during the grace period. If you meet the deadline, no interest is charged. This is convenient for both everyday expenses and unplanned expenses. If you need urgent repairs or an unscheduled visit to the doctor, you do not need to wait for a salary or spend your savings. The credit limit is available at any time, and it is restored after repayment of the debt. A credit card can be used as a primary means of payment. Spend the bank's money, while keeping your own on a deposit or savings account. The main thing is not to forget to make minimum monthly payments and pay off all debts before the end of the interest—free period. This way you will not pay anything for the loan, but you will also earn money on your own funds.
Important terms
What is an interest-free period? The grace period is a certain number of days during which the bank does not charge interest on credit card purchases. It is also called the interest-free, or grace period. The interest-free period consists of two parts. During the billing period, you can make purchases using the credit limit. Then comes the payment period, during which you need to pay off the accumulated debt. If you return the entire amount before it ends, you will not have to pay interest. Even within the interest-free period, a minimum payment must be made. Its size is indicated in the card's tariff. If you skip the minimum payment, the bank will charge interest on the entire debt, and the grace period will cease to apply. The interest-free period usually applies only to purchases. In most cases, cash withdrawals and transfers are not included in it, and interest on such transactions is accrued immediately. How to use a credit card profitably A credit card benefits when you spend the bank's money, but don't pay interest for it. To do this, it is enough to return the money spent before the end of the interest-free period. It lasts up to 111 days on an MTS MONEY card with an MTS Premium subscription. The bank charges cashback for each purchase. The increased refund on the MTS MONEY card is valid in cafes, restaurants, clothing stores and children's goods. In the first month after registration, the cashback is 20% on all purchases. If the purchase is large, you can pay by credit card and arrange an installment plan for up to 12 months. The bank divides the amount into equal monthly payments without overpayment. This is convenient if you realize that you will not be able to return the money during the grace period and do not want to pay interest. With an MTS Premium subscription, you can also withdraw up to 50,000 rubles per month from your credit card for free. Plus, the subscription includes services of the MTS ecosystem: the KION online cinema, music, books, and discounts from partners. The issue, maintenance and delivery of the card are free of charge. You can apply for a card online without visiting a bank. Apply for an MTS MONEY card and make sure that a credit card can be profitable.