Credit cards are one of the most popular products among Russians. And when it comes to choosing a lending bank, the borrower’s eyes simply run wild - a sea of offers, and try to figure out which one is truly profitable.
In this article we will look at offers on credit cards from OTP Bank. If you are not yet familiar with this credit institution, then it will certainly interest you. But first things first.
Main product line
OTP did not create a rich line of cards, trying to capture the imagination of an inexperienced client. At the moment there are only 4 types of credit cards. from OTP Bank, which the borrower can apply for:
- Visa Classic;
- MasterCard Standard;
- Visa Gold;
- MasterCard Gold.
As you can see, the main difference is only in the status of the plastic and the credit line limit provided to the client after verification of solvency.
Interest rates for using borrowed funds from an OTP Bank credit card are the market average and do not vary much, as, for example, in Russian Standard.
The most advantageous offers from the bank are received by borrowers based on pre-approved applications (usually those who previously took out a trade or consumer loan and successfully repaid it; or employees of companies that provide payroll services).
There are three lending programs in total:
- with a minimum package of documents;
- with a full package of documents;
- at the invitation of the bank.
The total cost of a loan under these programs is:
It is more profitable to pay with a credit card than to withdraw cash– in this case, the rate for the use of funds is significantly lower:
- for bank clients – 19.9% per annum;
- for cards with a full package of documents – 24.9%;
- for cards with a minimum package – 29.9%.
The annual service cost is 1,800 rubles for Gold category cards, and 600 rubles for classic cards.
FOR REFERENCE: The cost of a loan when withdrawing cash from an OTP Bank plastic credit card is calculated at the upper limit of the interest rate.
When issuing a card for the first time, OTP, as a rule, provides minimum credit limit – from 20,000 rubles. Later it can be increased at the initiative of the borrower or the lender himself.
The maximum amount of the credit line is 1,500,000 rubles. During initial registration, the limit for Standard category cards is 150,000 rubles, Gold category cards are 200,000 rubles.
How to get a credit card
For clients who have information in the system, it is possible to submit an application through your personal account “OTP-Direct”, or by calling the hotline.
After checking the information, the lender will make a decision on the application within 5 days and notify the client about it.
Persons who are not clients are offered two ways to obtain a credit card:
- submitting an application with the help of a contact center manager;
- filling out an application on the website.
Or, if there are OTP branches in the city, an application can be submitted at the branch. You will need to have a general passport and TIN (minimum set of documents) with you.
After production, the card will arrive at the branch of your choice, or will be sent by Russian Post to the address specified in the application form. Once received, the credit card must be activated within 60 days, and get a PIN code - you will need it to withdraw cash from ATMs.
On the pages of our website you will also find out! We’ll also tell you how to quickly get a credit card.
Conditions and requirements for the recipient
The bank is ready to consider applications from persons over 21 years of age who do not have... The main requirement for the borrower is to have a permanent job.
OTP carefully checks the employer Therefore, companies with low turnover or debt to the Federal Tax Service usually do not undergo security checks.
The absence of any credit history will also be a reason for refusal to issue a credit card.
However, within 4 months from the moment the client applies, they can reconsider their decision and issue a card with an individually calculated credit limit.
The minimum requirements for the borrower are:
- length of service at last place of work – from 6 months;
- normal employing organization (checked especially carefully!);
- age from 21 to 55 years for women, from 21 to 60 years for men;
- availability of a valid passport and TIN - for credit cards with a minimum package of documents;
- documents confirming employment and income - for a program with a full package of documents.
Review of the application may take from 5 to 10 working days(no one is in a particular hurry), and this applies to cards of any status. From time to time you need to call the contact center and clarify the information on your application.
Once approved, the credit card will be issued and handed over to the branch or sent by mail. In total, the procedure for obtaining a credit card from the moment of application to the moment of its activation can take up to a month.
How to receive and activate a card
In order to receive a card, you will need to go to the office with your passport, or pick it up at the post office(depending on the delivery method you choose). After this, the credit card must be activated. While the card is inactive, transactions cannot be made with it.
After receiving an OTP Bank credit card to activate it you need to call the help desk at 8-800-200-70-02, and following the operator’s instructions, activate it. You will then be prompted to create a PIN online.
The whole procedure takes no more than 5 minutes. Be sure to write down your PIN and keep it in a safe place. The activation procedure and obtaining a PIN code is completely free.
Grace period
OTP, like most banks, offers a grace period, during which you can use borrowed funds without interest.
But with one important limitation - it does not apply to operations to withdraw cash from the card, only for non-cash transactions.
Therefore, it is important to remember this nuance before withdrawing money from a credit card.
HELPFUL HINT: You can save on withdrawals and take advantage of the grace period if you transfer funds from your card to an electronic wallet.
By debiting money from there to a debit card, you can use cash without losing the privileges of a grace period and without overpaying a large commission for withdrawing cash from an ATM.
The duration of the grace period is standard and is 55 days. The countdown starts from the moment you make your first purchase using the card.
You can find out about the validity period of the grace period and track all transactions in the OTP-Direct Internet bank, or using the mobile application.
How to use
The rules for using the card are simple and clear. You can use it to pay for purchases: in stores, or on websites on the Internet.
It’s up to you to decide whether to withdraw cash using the bank’s own ATMs or use it only for purchases, although, as already mentioned, the latter option is much more profitable for the borrower.
To pay with a credit card in a store, you just need to swipe it through the terminal cashless payment and enter your PIN code. The purchase amount will be immediately debited from your account, and you will receive an SMS notification about the debit transaction.
The card must be stored carefully without damaging the magnetic stripe. Because of this, it may stop working and you will need to order a reissue.
REMEMBER: The PIN code is stored separately and is not disclosed to unauthorized persons in order to avoid theft of funds from the account. Pay with a card only on trusted sites on the Internet, or create an electronic wallet specifically for such purchases. It can be topped up directly from your personal account on the bank’s website.
When you receive the card, you will be given instructions on how to use it., as well as information about tariffs and the full cost of service. Save these documents, they may be useful to you.
How to find out your balance
To find out the available balance on your card, you can use several methods:
- call the OTP contact center;
- request balance at ATM;
- use your personal account;
- install and use the OTP-Direct mobile application;
- use the SMS banking service.
If you live near an OTP office, you can get information from an employee upon presentation of your passport.
The simplest and most convenient methods are SMS service and mobile application. They allow you to constantly control your card transactions.
Debt payment and minimum payments
How to top up an OTP Bank credit card? There are many ways to pay off debt for clients - just choose the most convenient one and use it. You can pay off your credit card payment:
- in the Megafon salon;
- through money transfer systems;
- from a card of another banking institution;
- by writing an application to the accounting department at the place of work;
- by depositing money through Russian Post;
- through self-service terminals and ATMs;
- at the bank's cash desk (if there is a branch in your locality);
- from an electronic wallet;
- in Svyaznoy, Euroset and at the checkouts of a number of stores and communication stores - the full list can be found on the website.
As you can see, with There will be no problems to pay on time. It is only important to know the amount of the minimum payment.
Here I would like to make an important clarification. Payments must be made in amounts greater than the minimum payment. The latter almost completely goes towards repaying the interest on the loan, and the principal debt is written off in tiny amounts.
The minimum payment amount is calculated based on the amount of your card debt, and changes monthly. The minimum amount required to pay off the debt is 5% of the amount spent. The exact amount of payment can be found out from the monthly invoice statement, or in your personal account on the bank’s website.
If you repay all used funds within 55 days from the date of the first transaction on the account, you will fall under the terms of the grace period.
IMPORTANT: If you missed making the minimum payment, or it was credited later than the date stipulated by the contract, then you will be charged a penalty - from 1000 rubles.
All about cash withdrawal
As with using any credit card (except, probably, Sberbank) withdrawing cash from an OTP Bank card will be unprofitable for the borrower. Why?
Firstly, there is no grace period when cashing out funds, during which you can repay the debt without interest.
Secondly, there are limits on withdrawals in the amount of 50,000 rubles per day. The percentage for withdrawal is 3.9% of the amount, the minimum is 290 rubles, it doesn’t matter - at OTP’s own ATM, or at a third-party one.
In addition, an increased interest rate will be applied - its amount can be viewed in the “Card Line” section.
The removal procedure itself is very simple. It will require a PIN code, which the borrower receives immediately after activating the card at the contact center.
The credit card is inserted into the ATM, the PIN code is entered and the required amount is selected for withdrawal. It is better to save transaction receipts.
How to close an account
After you decide to close your credit card, the question arises - how to do it correctly so as not to remain in debt to the bank?
We will describe the procedure for correctly closing an account.
To cancel your credit card, it is necessary to fully restore the credit limit. To clarify the current amount of debt, it is best to contact a bank branch with your passport.
You will then be required to deposit the required amount into your account through the bank's cash desk, and write two statements.
One is about refusal of service, the second is about closing a card account.
The bank manager will accept your applications, and will perform the account closure procedure in front of you. You should be given a notice accordingly. Save it.
Otherwise, you will need to contact the bank again to resolve the issue, or write a complaint to the Central Bank and Rospotrebnadzor.
Why leave home, go to the nearest bank, sit in line and worry about making a decision when you can apply for a credit card online? Get the most suitable loan terms and save time, effort and nerves, especially if the finished “plastic” is delivered via mail directly to your door.
Many people offer the possibility of ordering a credit card remotely, and OTP Bank is one of them. On the official website of this financial institution, it is easy to view active offers and find out about loan approval in a few minutes. Interested? Then read the detailed information below.
For those who don’t like queues and strangers disturbing their concentration, OTP offers to order a credit card without visiting the bank. For example, through a hotline operator. You can also fill out an application on the official website of the organization. The last option is more reliable and safer for several reasons.
- It is easier to study the loan terms. In a bank branch and over the phone, information about payments and rates will have to be taken by ear. Moreover, employees are often in a hurry, speak quickly, get confused, and the environment or interference creates additional noise. With an independent search for the optimal tariff, everything is different - each card is described in detail, and the situation can be prepared as calm as possible.
- An informed decision is made. At home, no one is in a hurry or trying to impose unnecessary services. On the contrary, you can stop at any moment, calculate the benefits, weigh the pros and cons. All this eliminates the risk of being influenced by others and overpaying.
- The order occurs without errors. Online ordering allows you to check the terms of the contract several times, and no one can guarantee that the manager will not accidentally confuse anything in the application.
Among the advantages of an online application for an OTP Bank credit card and the speed of its processing. Within a few minutes you can find out the answer about the lender’s readiness to issue the desired amount for the specified period. And the process of filling out the application itself will not cause difficulties and will not take much time - just go to the website and perform a few steps:
- go to the “Bank Cards” section;
- get acquainted with the types of cards offered;
- choose a suitable offer;
- click on the green “Complete” button;
- enter your full name, mobile phone, e-mail and passport details in the appropriate fields;
- select gender;
- tick the box to consent to the request to the BKI and to the processing of personal data;
- press the “Submit” button;
- Enter the confirmation code sent to the phone number specified in the application form.
All you have to do is wait no more than two minutes and find out the interim decision on the loan. If the bank approves the loan, the system will open a map with nearby OTP branches and offer to select the appropriate one for a subsequent visit. To issue a ready-made “plastic”, you will only need to present a general passport without certificates, copies and other papers. To receive a credit card by Russian post, do not rush to mark the nearest office, but check the appropriate box.
Important! If you want to issue a card with delivery by mail, do not forget to indicate this in the application you send, otherwise you will have to visit the bank.
What cards does the bank offer?
Now that the procedure for issuing a card with home delivery is no longer intimidating, you can consider in detail the loan offers presented by the bank. OTP has only four of them and each type of credit card has its own characteristics and advantages. Our detailed review of all available options will help you determine the most suitable conditions.
"Homemade" The name speaks for itself, because this credit card is designed for everyday expenses. Therefore, when paying non-cash for purchases in supermarkets and grocery stores, cashback of up to 3% of the amount spent is awarded. The credit limit varies from 10,000 to 300,000 rubles, and the interest rate is 24.9% per annum. Cash withdrawals are also provided - up to 45,000 days and at an increased rate of 49.9%. The grace period lasts 55 days, but, like most credit cards, is interrupted when funds are cashed out. The free service for the first year after the card is issued is also attractive, and after that 1,600 rubles will be debited annually. 
"Lightning". A credit card with “superpowers”: instant issue at any branch of the Svyaznoy mobile store, cashback up to 3% and free service and transfers to other cards. Moreover, up to 6.5% per annum is accrued on the balance of your own funds, and with MasterCard partners a discount of up to 30% is possible. There is also a contactless payment system “PayPass”. The main characteristics are as follows:
- limit up to 300,000 rubles;
- interest rate – 24.9% for non-cash payments and 42.9% for cash withdrawals;
- grace period up to 55 days (only for non-cash payments);
- monthly payment – 6% of the limit or debt (minimum 600 rubles);
- for failure to make a payment on time - a penalty of 20% of the debt amount.
“I understand.” Here OTP Bank offers two tariffs. The first is designed for those who often withdraw cash from the card. Such clients are offered a slightly increased rate of 28.9% for non-cash payments and a reduced rate to 38.9% for withdrawals through an ATM. At the same time, no rental fee is charged, although the daily limit of 45 thousand remains. The second option is more suitable for those who like to pay directly by card. Then the loan is issued at 27.9%, which when cashed out will increase to 44.9%. Otherwise, the lending conditions are identical in both cases.
- Free service;
- Grace – 55 days;
- The maximum limit is 300 thousand rubles.
"MasterCard Gold for bank clients." If the borrower has already taken out a loan or more than 3 months have passed since its repayment, OTP presents a special offer. For clients who have already been verified for solvency, a credit card is available with the lowest rate of 19.9% per annum. As for the limit, the standard value ranges from 10 to 300 thousand rubles, but if desired, it can be increased to 1.5 million. The card is serviced for free for the first year, and after that - for 700 rubles per month.
Now all that remains is to apply for a credit card through the website and wait for the bank’s decision. As soon as approval comes, you can order delivery by mail. And remember that the credit limit, payment amount and interest rate are determined by OTP Bank individually and can change for the better even after the card is issued.
Nowadays, a banking product – a card with a credit limit – is becoming increasingly popular. In other words, the card account has a certain amount of money that the cardholder can use for any purpose at his discretion.
For such an opportunity, the bank accrues interest and charges the established fee for servicing the card account. Typically, its validity period is three years. After the account expires, you should contact the banking institution to replace it with another one.
In terms of the number of clients, OTP Bank is among the 50 largest banking institutions in Russia. In terms of the number of loans issued, it is among the first thirty. The bank provides a large number of loan products to clients. Among the most popular credit cards:
- “Home card”, payment system – Master Card. It is used when shopping in stores every day. After payment, 3% of the purchase amount is returned to the card. For the first year of using the card, the client pays nothing. Subsequently, you must pay 1,600 rubles per year for account maintenance. An interest rate of 24.9% per annum is charged on the funds used. The grace period for use when no interest is charged is 55 days. The amount of credit that the client can use is determined by the banking institution in each case personally. The maximum amount cannot be more than 300,000 rubles.
- "Lightning". The interest rate on this card account starts at 19.9%. The positive characteristics of this card include: no fee for use in the first year. 7% profit is credited to the client’s account balance. Master Card partners provide discounts up to 30%, instant cash back equal to 1.5%. The duration of the grace period for using the loan and its maximum amount are the same as in the previous product.
- “I understand.” A gold card with a limit set at 1.5 million rubles. The advantages of this product are: no maintenance fee for the first year and privileged status. The loan accrues quite significant interest - from 27.9% per year. But this credit card provides the opportunity to withdraw funds without commission at ATMs of all banks, including those located abroad.
- "For clients." Credit card of the Master Card payment system. Only those clients who have an outstanding loan from OTP Bank have the opportunity to become its owners. In addition to them, persons who have paid off a loan from this bank no more than 3 months ago can receive this card. There is no fee for the first year of using the card; thereafter you will have to pay 700 rubles per year. The loan carries an interest rate of 19.9%. The advantages of this credit product are: a large credit limit, which reaches an amount equal to 1.5 million rubles, the ability to withdraw money from ATMs without commission both in Russia and abroad, participation in bonus programs of the payment system.
The grace period for loan payments applies exclusively to non-cash payments for the purchase of goods and services. If you receive cash, there is no grace period for the loan. Interest will begin to accrue from the moment funds are withdrawn from the card account.
In addition to the opportunities listed above, all credit card holders can take advantage of the following services:
- Free use of OTP Direct Internet banking. The client has the opportunity to make payments and transfers to other cards. Receives information about the next loan payments.
- Carrying out loan payments and other transactions using a mobile application.
- Receiving information in the form of SMS notifications about the movement of funds in the account.
- Receive advice via a telephone hotline. Using this service, you can block a card, check the account balance, and find out information on how to top up.
Conditions for obtaining a loan
To receive a loan, the borrower must meet certain bank requirements. To receive a credit card, the client must meet certain conditions:
- provide the necessary documents. As a rule, this is a passport, a copy of a work record book or a certificate of income;
- The borrower's age is from 21 to 69 years;
- having a permanent place of residence and permanent registration in the region in which there is an OTP bank branch;
- there must be a constant income. The time spent at the last job must be at least 3 months. Otherwise, you must have another source of funding (scholarship, pension or other income);
- positive credit history.
To obtain a credit card, you must contact the OTP Bank representative office with a set of required documents.
Registration procedure
There are four options for completing an application for a credit card:
- Apply for a card online. But not all cards can be ordered this way.
- Call the hotline, order a card and provide the requested data.
- By contacting bank branches located in shopping centers.
- Visiting the bank. This option is mainly available to residents of large cities.
Activation options
You will not be able to use the card immediately after receiving it, since it must first be activated. This can be done:
- if received from a bank, directly from the institution’s employees;
- by calling the telephone hotline. Certain personal information will need to be provided. If all the information matches, the operator will provide access to credit funds.
The OTP Bank credit card activation service via the Internet is not provided.
To use the card, a PIN code (four-digit number) is required. You can get it:
- at the place where you received the credit card;
- from a telephone hotline operator;
- come up with it yourself and then tell the operator.
Advantages of OTP Bank loan products
Borrowers of a credit institution note the positive aspects of OTP Bank credit cards:
- free or for a relatively small fee service;
- a significant period of interest-free use of the loan;
- large limit of funds on the card;
- cash back and participation in bonus programs;
- the ability to cash out money, in certain cases, without commission;
- issuing a card remotely;
- the minimum package of documents required to issue a credit card.
OTP Bank is a reliable banking institution that operates successfully in the Russian financial market. The main direction of its functioning is targeted loans offered in shopping centers. But credit cards are also popular.
