Privatbank credit card: reviews, review, conditions

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

PrivatBank was founded back in 1992. Today, this financial institution is the leader of the Ukrainian banking market. There is an opportunity to choose not only a loan in PrivatBank, but also a plastic card for various purposes, and, moreover, at any price. Thus, both inexpensive instant cards and the Premium class are available to customers. We will learn about the conditions under which consumers are offered certain payment instruments from PrivatBank in this article.

Bank information

According to a study conducted at the time of the third quarter of 2017, 51% of Ukrainians who are individuals cooperate with PrivatBank (we are talking about people over sixteen years old). 42% of the population of Ukraine consider this bank the main financial institution of the country. The number of legal entities cooperating with PrivatBank reaches 58%.

Financial institution claims to be oneof the most innovative organizations in the world. More than ten years ago, this structure became one of the first in the world among those that began to use one-time SMS passwords. As for the latest innovations applied by PrivatBank, which have received worldwide recognition, they include such products as the development of a mini-payment terminal, online collection (along with dozens of various mobile applications), as well as access to Internet banking through using a QR code. The PrivatBank credit card, the conditions for obtaining it and other detailed information will be discussed below.

PrivatBank credit cards

According to the reviews, the PrivatBank credit card corresponds to the goals and capabilities of each client. Among the most popular cards are the following options:

• Map "Universal".
• Card for payouts.
• Card "Junior".
• Card "Universal Gold".
• Card with custom design.
• VIP level cards.
• Internet map.

Map "Universal"

Perhaps the most popular payment instrument is the “Universal” credit card of PrivatBank. Reviews about her are the most positive. Owners of this card receive the following benefits:

1. No interest required if the cardholder's loan is repaid within the fifty-five-day grace period.
2. There is no commission when paying for goods. Regarding cash withdrawals from ATMs,then a fee of one percent is charged.
3. A client can take loans at any time convenient for him.
4. Convenient loan repayment system.
5. In addition to the possibility of storing your own funds, you can earn a profit of 10%.
6. Having a Bonus Plus account.
7. The amount of the minimum payment is only five percent of the amount owed. But there is a condition that the payment cannot be less than one hundred hryvnias.
8. Customers have access to an individual credit limit of up to twenty-five thousand hryvnia, the amount of which can be increased with active use of the account.

It is worth noting that for holders of the PrivatBank Universalnaya credit card, a large number of useful functions and services are provided, especially Internet banking and a mobile application through which payments and transfers can be made. In addition, "PrivatBank" provides a service called "photo cash desk". As part of this option, the holder of the "PrivatBank" "Universal" credit card can take a picture of his receipt so that the bank operator can pay the debt from the card holder's card using the details.

Universal Gold

"Universal Gold" - PrivatBank credit card. Reviews indicate that it is an international payment card with which customers receive personal banker service at a convenient time.

The holders of this card can use both their own money and credit funds. For this cardmoney can be transferred by relatives, acquaintances or partners. Personal and credit funds on the Universal Gold card are available to the client anywhere in the world, and regardless of the time of day. What questions can be addressed to PrivatBank consultants? A credit card, interest on other banking products, a grace period - they will talk about all this in detail. And they will also help to arrange plastic.

Universal Gold personalized cards support contactless payment technology, which makes it possible to make purchases without letting go of plastic. In addition, when buying for less than two hundred hryvnia, you do not need to enter a pin code and sign a check. To obtain this type of card from PrivatBank, you need to provide a passport and TIN.

Pros of the Universal Gold card

You can name the following advantages that distinguish this PrivatBank bank card:

1. A personal banker helps clients solve any financial issues, from sending payments to transferring money between cards and much more.
2. Possibility of contacting a dedicated 24/7 customer support line dedicated specifically for Gold card holders.
3. Provision of consultations in the mobile application.
4. At any convenient time, in the mobile application chat, customers can instruct the banker to change the PIN code or Internet limit, order cash, and so on. In the event that a personal banker is unable to respond to a chat requestfor any reason, then within a few minutes a Gold Club specialist will join the conversation, who will definitely give an explanation on all issues, and also carry out the necessary instructions.
5. The holders of this card are provided with special discounts up to 30% in more than three thousand elite outlets in Ukraine.
6. Contactless payments available.
7. Customer service staff help with issues related to lost cards, as well as urgent cash receipts and so on.
8. Possibility to order a card with name and photo.
9. Storage of valuables in PrivatBank's safe deposit boxes.
10. The opportunity to take part in premium promotions of payment systems.
11. The possibility of issuing a Universal Gold card in dollars, rubles or euros.

At the request of the client, a credit limit can be set on the PrivatBank Gold credit card. Under the credit limit, PrivatBank understands the amount of funds that is provided to the client without a certificate of income. The issued credit card, as well as the size of the set limit, are individual for each client.

To increase the chances of increasing the size of the credit limit, the client can submit a certificate of income, a passport or documents confirming the presence of property, and, in addition, an extract from a card from another bank. Cardholders can find out about the current size of the credit limit in any convenient way: at ATMs, the Privat24 system orby contacting the online chat.

The difference between the "Universal Gold" card and the "Universal" card

As part of the consideration of the two presented PrivatBank cards, the following advantages of Universal Gold over the standard option can be distinguished:

1. Universal Gold gives you the opportunity to get financial assistance from a personal banker who can help direct payments, transfer money between credit cards and more.
2. The Universal Gold card has a reduced rate for using the credit limit, which is only 3.5%.
3. The maximum loan limit for Universal Gold is up to UAH 75,000.
4. Availability of contactless payment technology on personalized cards.
5. Providing discounts for Gold Club members along with privileges around the world.
6. Possibility to order a card with name and photo.
7. Providing a choice of currency at checkout.
8. Providing discounts up to 30% in the best Ukrainian establishments and stores.

You can come to PrivatBank and apply for a credit card at any time convenient for the client (according to the regulations of the financial institution).

Card for payouts

A client of PrivatBank can receive any cash deductions on the card for payments, from wages and pensions, to advance payments, travel allowances, scholarships, as well as all types of social benefits and so on. This, of course, is not a PrivatBank credit card. Reviews aboutcard for payments of a different nature, but also positive. In addition, payments for the birth of a child and various money transfers can be transferred to it. On the territory of Ukraine, cash can be withdrawn without commission. How to transfer money to a PrivatBank card? This can be done through an ATM, branch or using Internet banking.

How to get a card for payments?

Issuance of this card at the bank usually takes about fifteen minutes. A necessary document for obtaining plastic is a passport. A TIN may also be required. PrivatBank has the largest network of branches among commercial financial institutions in Ukraine, so there are no problems in finding the nearest branch. Customers can contact any branch of the bank with questions about this card.

In addition, it is possible to issue a card for payments with a name and a photo. This type of card supports PayPass technology, allowing you to pay for purchases with just one movement, without presenting identification documents. You can make payments in this way both abroad and in Ukraine. The client is charged a commission for issuing plastic, which is fifty hryvnia.

Junior card

Credit card "Junior" from "PrivatBank" acts as a payment instrument and a pass to the school of financial literacy for the child. With a Junior card, a child can:

• Attend business quests, as well as excursions to the bank, and, in addition, study at the PrivatBank business school.
• Receive bonus accruals as part of the paymentgoods in partner stores of the Bonus Plus program.

As for parents, they can:

• Stay calm about the safety of the child's funds, as all pocket money allocated to him will be securely stored in the "electronic wallet".
• At any convenient time, replenish your account at a PrivatBank branch or using Internet banking.
• Control any expenses of the child using the SMS informing service (SMS is sent to both the child's number and the parent's number).
• Determine the size of the credit limit, as well as daily spending on the card.
• Set up a smooth transfer of money from one or another payment instrument to the Junior card.

Internet card from PrivatBank

Internet card acts as a means of payment in the virtual credit system. The production and maintenance of such plastic is free. The Internet map is immediately ready for use. Paying for goods or services online requires just four steps:

• Issue an Internet card at a bank branch.
• Replenish plastic in any convenient way.
• Select a product on the website of any online store.
• Indicate card details on the site, click "Pay".

Positive aspects of the Internet card from PrivatBank

This payment instrument has the following features:

• It is possible to issue a credit card Visa Classic (common in Europe) or Master Card (suitable for trips toUnited States and Canada, as well as some other countries).
• You can use USD or EUR as the main currency.
• The card is valid for ten years.
• No need to wait five to ten days for the release of plastic, the card is issued instantly.
• Internet payment limit is 10 thousand US dollars.

This banking product is protected by special technologies. Before buying, the customer receives an SMS with a confirmation code that cannot be shared with anyone.

Now let's find out what cardholders think about these banking products.

Consumer reviews of credit cards from PrivatBank

In their reviews, PrivatBank credit card holders report both the advantages and disadvantages of banking products. Consumers like that they are provided with an interest-free grace period. In addition, they note that the cards are easy to use when performing certain operations. People are also confident that their funds in the account are completely safe. Among other advantages is the ability to store both credit and personal funds on cards. It is also convenient that in order to open a credit card it is enough to provide a minimum package of documents. Many customers are impressed that you can get both a Visa Classic credit card and a MasterCard credit card.

About the disadvantages of plastic cards

As disadvantages, examples of intrusive advertising are given to force customers to issue new credit cards. Also, customers do not like the high interest that is chargedin the event that the cardholder does not have time to repay his loan during the allocated grace period. In addition, an unpleasant aftertaste leaves the write-off of interest when withdrawing funds from the card. Therefore, you should weigh all the pros and cons, thinking about what is better: a loan from PrivatBank or a credit card.