Credit card "Element 120", "Post Bank": reviews

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

In recent years, credit cards of various banks have become very popular among the population. They gained such popularity because the majority of the population make the desired purchases at any given time. Finding the amount you need can be difficult. Post Bank began offering its lending services relatively recently, but is already popular. Let's take a closer look at the Element 120 credit card from Post Bank.

General information

"Post Bank" is a fairly young financial and credit organization. It was founded only in 2016 and is a subsidiary of the VTB Group. FKU arose through the merger of financial organizations Leto Bank, which was also part of the VTB group, and Russian Post. At the moment, Post Bank is a retail financial institution with state support.

Departments of the organization are located in offices earlierexisting "Leto Bank" and in some post offices.

The bank offers the following services:

• Issuance of consumer loans to the population.
• Credit card processing.
• Issuing debit cards.
• Deposits and deposits.

Product information

The card "Element 120" from "Post Bank" receives quite favorable reviews from the owners. It hasn't existed for a long time, but many people have already managed to use it. So what is this card?

Its distinguishing feature is that it has a longer grace period than its main competitors. It is 120 days, which is reflected in the title. During this period, the cardholder can use credit money without interest. But this is only possible if all minimum payments are made on time.

An individual credit limit is set on the card. It ranges from 10,000 to 500,000 rubles.

Terms of Service

With the Element 120 card from Post Bank, the terms of provision are very loyal. To become its owner, it is enough to fulfill some requirements of the creditor:

• Be a citizen of the Russian Federation.
• Residing in one of the regions where the bank has offices.
• Have a permanent residence permit in Russia.
• The borrower must be at least 18 years old, but not more than 70 years old.
• Have a regular source of income (this could be a salary or a pension).
• Experience at the current place of work must be at least three months.
• Must have a personal and work phone number.

If you study the customer reviews about the Element 120 card from Post Bank, you can conclude that it is not difficult to get it if you have a positive credit history.

Required documents

To receive an Element 120 card from Post Bank, the conditions are simple and understandable to everyone. Now let's see what documents are required in case of a positive decision on the application. The borrower will need to provide the original passport of a citizen of the Russian Federation. In addition to it, an additional document may be required at the client's choice:

• SNILS.
• TIN.
• Driver's license.
• Passport.
• Pension certificate.
• Military ID.
• PTS per vehicle.
• Proof of ownership of the property.
• Bank salary card.

An FKU employee may request a certificate of income in the form of 2-NDFL from a potential borrower in rare cases, for example, if he wants to receive the maximum credit limit. This certificate will be a guarantor of the client's solvency.

How to apply?

Let's consider how the process of obtaining a credit card begins. To apply for an Element 120 card from Post Bank, you need to visit any office of a credit institution or use the Internet. The latter method is the simplest and most convenient forpotential borrower. It saves time, because the application can be made from any device that has Internet access, even from a smartphone.

To submit an online application, a potential borrower needs to go to the personal website of Post Bank. There, customers will see a menu item called "online ticket". Next, click on the “credit card” section. It sets the desired limit on the card. Next, fill in all the required fields in the loan application. The questionnaire is sent to the bank for further decision.

As a rule, an SMS message with a response arrives within a few minutes. If the decision is positive, the bank employee contacts the client to clarify questions on the card.

Many respondents mention the ease of issuing the Element 120 card from Post Bank in their reviews.

Tariffs and Service Costs

I would like to immediately draw the attention of potential borrowers to the fact that issuing a card is not free. It is nine hundred rubles.

The limit on the card is set individually, ranging from ten thousand rubles to 500 thousand. The amount is influenced by many factors from the personal data of the borrower.

The monthly payment is 5% of the principal amount of the loan, plus outstanding interest and fees.

The annual rate on a credit card is 27.9%. During the grace period, which lasts one hundred and twenty days, interest onthe use of funds is not accrued.

For cash withdrawals from the card, an amount of 5.9% of the amount or from 300 rubles at third-party ATMs is charged.

Starting from the second year, a service fee is charged for using the card. It is 900 rubles per year.

Reviews about the card "Element 120" from "Post Bank"

This credit card is a new product in the financial services market and has not yet shown itself fully. Like any other product, the reviews about the Element 120 card from Post Bank were divided into two groups. Most owners consider it an excellent solution for making purchases and paying for services, since the grace period is quite long. In addition, positive reviews mention the following advantages of the card:

• Minimum package of documents required to apply.
• No commission for withdrawing your own funds from the card.
• Moderate annual fee.
• Age category (from 18 to 70 years old).
• Availability of additional bonuses for using the card.

Dissatisfied part of the customers expresses claims to the bank for the high interest rate on the loan. It begins to accrue at the end of the grace period. In addition, many customers are dissatisfied with the fact that some basic services, such as mobile banking and changing the PIN code, are not free. Not every customer can easily figure out how to use the grace period on the card. This also leads to abandonmentnegative feedback.

Reviews are too different about the Element 120 card from Post Bank, so it is difficult to give it an unambiguous assessment.

How to top up?

Let's consider how to make basic financial transactions using this credit card. You can replenish the card, as well as make the minimum payment or pay off the debt without a commission, at any of the Post Bank ATMs or directly through the cash desk in the branches. In addition, this can be done via the Internet with a card of any third-party bank. However, in this case, the commission may be withheld by the bank from whose card the transfer was made.

On the Internet you can find a lot of good reviews about "Element 120" from "Post Bank". How to pay with it for various services and purchases, some respondents also write in some detail.

How to cancel a card?

Closing a credit card is not difficult even for those who use this service for the first time. To do this, you must submit an application in writing to any of the branches of the bank. It is also very important to repay all existing debt on the loan in full. Employees of the financial organization will help calculate the exact amount of the debt.

About the personal account of Post Bank

When applying for a credit card for each potential borrower, a personal account is formed in the Internet bank. It is convenient to keep track of completed transactions, as well as receive information about the need to make the next payment.

For smartphone owners, there is a mobileapplication "Post Bank". In it, the client will be able to get all the information of interest on his own and credit funds, make payments via the Internet, disable and enable any additional services.

In addition, the client can contact the hotline at any time of the day for a question of interest - 8 (800) 550-07-70.