Card "Magnet" from "Belarusbank": reviews, conditions, partners

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

"Belarusbank" is a large universal financial and credit institution of the Republic of Belarus. This structure offers various types of banking products and services. This bank is in the leading positions in the domestic financial sector in terms of such indicators as the level of capital, assets, loans, deposits, and so on. One of the products of this financial institution is the Magnit card. We will learn more about it, and also find out what the bank's customers think about this payment instrument.

Information about Belarusbank

The activity of the represented organization is directly related to the economic sphere of the country and is aimed primarily at promoting the dynamic development of the most important sectors of the financial and social sphere. The clients of this bank include various industrial enterprises and the oil refining complex, as well as the construction andtelecommunications.

Today, Belarusbank has a large network, as well as a developed infrastructure, and in its system has twenty-three branches and one hundred service centers, and in addition, more than one and a half thousand branches and exchange offices.

New product

The "Magnit" installment card from "Belarusbank" is gaining more and more popularity among the population. The reason for this are significant advantages, for example, when paying with your own money in partner stores, the return is up to twelve percent.

When purchasing purchases from the bank's partners at the time of settlement through an overdraft loan, installments are provided up to twelve months. Below we will tell you how to use the Magnit card from Belarusbank.

Terms and tariffs for servicing the card

One-time remuneration for servicing the Magnit card will be 4 BYN. This amount is paid by the client himself.

If the client keeps his own funds on the card, then additional interest of 0.5% per annum is charged on this amount.

In addition to the installment plan, the service of returning part of the money from purchases (cashback) is provided - up to 12% of the total transaction amount. This only works if you purchase goods and services from partners of Belarusbank, and for your own money on the card. Each partner individually sets the installment period and the amount of cashback. It is necessary to clarify this information with each partner individually.or on the Belarusbank website.

Where else does the installment card work?

In addition, this card can also be used to pay at trade institutions that do not participate in the bank's partner programs. In this case, payment for services can be made at the expense of an overdraft loan, that is, the Magnit card from Belarusbank is used as a credit card. The percentage indicator depends on the size of the National Bank's refinancing indicator in Belarus. In situations where payment is transferred from own funds, cashback is not credited.

When the first debit transaction is made at the expense of overdraft funds, the client is provided with a one-time thirty-day interest payment period for its use at a reduced rate, that is, he is given the so-called grace period. Without paying an additional fee, the cardholder can change the PIN code or register in Internet banking.

In the event that the volume of non-cash transactions using the Magnit installment card from Belarusbank or its details in trade and service establishments is fifty Belarusian rubles or more, then no remuneration for monthly maintenance of plastic is charged. If the amount is less, then the payment for product maintenance will be one Belarusian ruble per month.

You can get acquainted with the conditions of the Magnit card from Belarusbank and apply for it in Internet banking or by calling the contact center, as well as in structural divisionsfinancial institution and on the corporate website. There you can also find out how to use the Magnit card from Belarusbank.

Partners of the Magnit card

Today, the total number of partners that accept this card throughout Belarus is over 7.5 thousand organizations. In addition, the list of Magnit card stores from Belarusbank is only expanding every year. Installment card holders have the opportunity to choose an attractive offer for themselves in universal, grocery, construction centers, travel companies, as well as in other categories. According to reviews, the Magnit card from Belarusbank is a very convenient tool for paying for goods and services. Therefore, it is worth a try.

The following organizations are among the partner stores of the Magnit card from Belarusbank:

• Euroopt grocery store chain, as well as MART INN.
• E-Techno stores along with the A100 gas station network.
• Hallo communication salon.
• Furniture stores Gomeldrev Furniture, Real Furniture, World of Furniture and Svisloch Trading House.
• Your Velik chain, Eliz, as well as Fitsport and FitCurves sports shops.
• Salon "Door style".
• Building stores "Expert" and "Expedition".
• Clothing store Conver.
• Shops for women Milavitsa, Fashion wardrobe, Desira, World of Bags, Conte and House of Fur.
• Shoe stores Sun Dali and Belvest.
• Cosmetic stores "House of Cosmetics" and "World of Cosmetics".

In addition, the following travel agencies and companies are among the bank's partners: Delta Tour, Top Tour, Boden-Luft Tour, BALKAINTOUR, New East Line, Global Travel, AVALON-TOUR, ASTREVEL, Turlux and others.

Reviews about the "Magnit" card of "Belarusbank" confirm the convenience of payments when buying goods and services.

Card features

So, the Magnit card provides its holders with up to twelve months of installment without a down payment, and in addition, without overpayments. Cashback is also up to twelve percent. The grace period is thirty days.

Thus, by issuing a Magnit card, the client receives the following benefits:

• An international-class contactless Mastercard Standard card in Belarusian rubles for three years.
• The client has the opportunity to make money transactions in Belarus or abroad at the expense of his own funds or the bank through an overdraft.
• A person can apply for a Magnit card, regardless of whether he has a bank account or not.
• The overdraft amount is up to ten thousand rubles.
• Free internet banking connection.

In addition to non-cash transactions, the client can also withdraw cash from the Magnit card from Belarusbank. But it is worth emphasizing that this plastic is more designed for shopping.

The main advantage of the presented card is that it gives the possibility of installments up to twelve months at a low interest rate, whichis only 0.000001%.

In addition, it is worth emphasizing that the Magnit card works with the MasterCard payment system, thanks to which a person can buy various goods not only in Belarus, but also abroad. True, it must be borne in mind that the installment plan is provided exclusively in partner stores. Outside the network of partners, you can pay with plastic as a regular payment instrument.

Refunds when making purchases from partners

The "Magnit" card differs from others similar to it in that if personal funds are stored on it for which purchases are made, then up to twelve percent of the amount of each purchase can be returned to it according to the loy alty program called "Your bonus "".

At the same time, partner stores of the Magnit card from Belarusbank set their own conditions. For example, the Euroopt supermarket chain returns to customers one percent of the amount of purchases that were paid with the Magnit card. And when buying in installments at Tsum, the client will be able to return six percent of the amount, subject to payment at their own expense.

The deadline for reflecting the total amount of the refund on the cardholder's account is the last business day of the current month. It should be noted that the amount of the refund is subject to taxation in accordance with the amount established by the current tax legislation of Belarus.

You can learn more about the return percentage and other conditions for making payments with this card from sellers. Interestingnote that other installment cards in Belarus return only up to two percent of the transaction.

Installment terms are quite simple, the Magnit card provides bank customers with the opportunity to pay for purchased goods in installments for up to twelve months. True, each outlet determines its individual terms. For example, in one store, installments can be issued for a period of up to two months, and in another - up to twelve. The list of stores of the "Magnit" card from "Belarusbank" and the terms of purchase can be found on the official Internet resources of the bank.

How to replenish the Magnit card from Belarusbank?

You can replenish the Magnit card through any channel, for this you only need to know its details. The following can be used as the main replenishment tools:

• Bank branches.
• Information kiosks.
• Internet banking.
• ATMs equipped with cash-in function.
• Through m-banking.
• Terminals of replenishment.
• Design points.

Who can apply for a Magnit card?

The Magnit card can be ordered by persons who are residents or citizens of Belarus, as well as those who have a permanent place of residence on the territory of this country.

The card is issued after the final approved positive decision from Belarusbank. There are several ways to apply:

• Through bank branches.
• Leaving an application online.
• By hotline number.
• In information kiosks or online banking.

Card rates

As already noted, after issuing a Magnit card, the bank charges a commission in the amount of four Belarusian rubles for the entire period. In this case, the monthly commission will not be deducted, provided that during the month a transaction was made in the amount of more than fifty Belarusian rubles.

Consumer reviews about the Magnit card

As for the reviews about the Magnit card from Belarusbank, we can say that most of them are positive. Among the reviews of the holders of this card, there is often information that people use it to make all kinds of purchases. So, consumers say that they regularly use Magnet when they go for any purchases, making non-cash payments. Cardholders really like that some of the funds are returned to their account.

In general, we can say that people are satisfied with this payment instrument and in their reviews of the Magnit card from Belarusbank they call it an easy and profitable solution to their financial problems. Consumers like that thanks to this card they can make payments not only on the territory of Belarus, but also abroad, and this can be done at their own expense or through an overdraft.

Thus, the principle of operation of this card is almost identical to conventional credit plastic. That is, its holder absolutely does not need to have personal savings in order toto buy expensive things. It turns out like this: purchases are made by the client, and the bank pays for them.