Credit card "Tinkoff Platinum" - "120 days without interest" - reviews, conditions and features

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

This summer, Tinkoff actively promoted its credit card, luring customers with promises to repay existing loans in other banks and at the same time receive a unique grace period of 120 days. This promotion did not cause much excitement, because for a minute video it did not display the main thing: the benefit is valid only if the condition is met - the card user must activate the "Balance Transfer" service.

Terms of Use

Tinkoff Platinum is the bank's flagship product. It allows you to easily make purchases in both retail and online stores. Moreover, each of them brings points. And most importantly - there is a unique four-month grace period, thanks to the connection to the bank's new product - "Balance Transfer".

How profitableoffer - 120 days without interest on Tinkoff Platinum? Under standard conditions, the grace period is 55 days. During this time, it is necessary to fully repay the debt, or at least part of it, making a payment in the amount of 6% of the total amount of borrowed money. Banking terms and conditions allow you to set up automatic payments to systematically replenish your credit card balance.

The start date of the grace period is indicated in the service agreement (most often it is the day it is signed).

You can continue to use your credit card as no interest is charged on your purchases.

Plus, we note that the bank has no branches. No one. For the owner of Tinkoff, Oleg Tinkov, believes that time is the most unique and accessible resource. And why waste it on queues? In his company, all emerging issues can be resolved by the client either by going to the official website through an Internet browser, or through a mobile application, or simply by calling a toll-free number in the call center. And that's it: five minutes of time, whole nerve cells and no problem.

How does the card work without interest from Tinkoff?

It's simple. With its help, you can carry out a kind of restructuring of a single loan from a third-party bank. After this operation, the promised benefit is included - 120 days without interest. At Tinkoff Platinum, they often write about this in reviews, at the end of the grace period, interest accrual begins again, according to the current tariff. Do not forget about the monthly payment, which should be at least 6% of the resulting debt. Take advantage of itbank offer is only possible once a year.

The service is available to both new and existing customers.

The credit limit does not exceed 300,000 rubles (card users write that the bank sets the ceiling for the money issued within two or three wages).

Bank conditions

The benefits of this offer can be judged by the following criteria:

• Grace period 90 days (in case of debt restructuring, it increases to 120 days). Here you need to take into account that interest is not paid, but payments on the principal debt must be made (6% of the loan body).
• After this period, the remaining amount will begin to accrue interest at the rate, according to the tariff plan.
• Only one loan can be restructured, which must be cleared of debts and delinquencies. Repayment is possible both partial and full (one-time).
• The service is connected free of charge.
• You can repay a loan from a third-party bank only within the limit of an approved card. That is, if it is 70,000, then the transfer will be for the same amount (subject to the availability of these funds).
• According to the terms of the Tinkoff credit card - "120 days without interest" it is allowed to use this service only once a year.
• You can connect a banking product only through a call center or through an application for mobile gadgets, by corresponding with a bank specialist.
• All transfers are made to personal accounts (on the accountthird party transactions are blocked).
• Available cashback with an interest rate of 1-30% of the purchase price and the program "Bravo". Within its framework, a bonus in the form of points is credited for 1% of the purchase amount. With their help, you can pay for train tickets, plane tickets, restaurant bills, etc.
• Active use of the card increases the limit.
• Internet banking is thought out to the smallest detail. With it, it is convenient to receive information on the loan, including the date of payment and the amount.
• The card is issued without guarantors and collateral. By the way, all kinds of certificates and photocopies are not required either.
• Abroad plastic from "Tinkoff" also works great. It automatically converts rubles into the currency of the host country and vice versa, allowing the tourist to "not bother" with currency exchange and searching for bank terminals.
• Card funds can be withdrawn to credit accounts (this service does not work for debit accounts).
• On the World Wide Web, payments are made using 3D-Secure (secure service).

Some restrictions apply. This is:

• Minimum transfer is 5,000 rubles.
• Transactions on this service are carried out only in national currency and to ruble accounts.
• The maximum amount allowed for restructuring is 120,000 rubles (by bank details) and 75,000 rubles (by card number).

The minimum payment on the Tinkoff credit card - "120 days without interest" is prescribed in the agreement with each client individually, the maximum is notexceeds 8% of the principal.

Requirements for the borrower

They are partly standard, but have nice indulgences.

The first thing they pay attention to when making plastic is Russian citizenship and registration. And the second is the age of the borrower: from 18 years to 70 inclusive. Tinkoff is not afraid of either a bad credit history or loans from third-party banks.

Interests and rates

They are prescribed individually in each contract with the client. But, in general, the requirements are as follows:

• Operations for cash withdrawal or transfer to a debit card impose on the cashed amount from 30 to 49.9% per year.
• Purchases made on credit are subject to a rate of 13.9 to 29.9% per annum (it depends on personal credit history).
• Maintenance of plastic costs 590 rubles (less than 50 rubles a month).
• Commission for cashing out or withdrawing to third-party accounts - 290 rubles, plus 2.95% of the amount.
• Reissuing a Tinkoff Platinum card with a grace period of 120 days at a bank on a personal initiative or an order will cost an additional 590 rubles.
• Mobile banking - 59 rubles.

Pen alties

They are imposed in case of failure to make the next payment. The system is as follows.

1. Extra-limit interest is accrued in the amount of 19% of annual interest.
2. One-time pen alty for the first delay - 590 rubles.

Followingincrease by one percent. That is, the second missed payment is 590 rubles plus one percent, the third - plus two, etc. And for every day you will be charged 0.2%.

Connect the service

To do this, you need to go to the official website of the financial and credit organization, go through the necessary registration and fill out the proposed forms. Moreover, judging by the reviews, before applying for a Tinkoff credit card - “120 days without interest”, it is advisable to carefully study the information about it, tariffs, pen alty payments, etc., as well as user reviews.

Instructions for a new client

Let's consider what steps need to be taken to transfer the debt to Tinkoff Bank.

• Find out the exact amount for full repayment in a third-party bank, preferably on a specific date. We ask for a printout with bank and account details.
• Since there is no card yet, we go to the official website, fill out a questionnaire and an online application for opening a Tinkoff Platinum card - "120 days without interest" (reviews confirm that this is absolutely easy). The bank issues a decision immediately. The card is delivered to any convenient address.
• Activate it through a mobile application, Internet banking or by phone.
• In the latter case, the specialist needs to be informed that it is necessary to activate the refinancing service.
• Next, you need to dictate the details of the promissory note or the card number.
• After five working days (actually no more than two), the transfer goes through, and the debt in the third-party bank is repaid. It remains only to take the document on closing the loan.

Instructions for the cardholder

In the reviews of the Tinkoff Platinum credit card, everyone writes that in this case everything is as easy as shelling pears. We contact the call center or order the service through the mobile application, provide the requested data and wait for the transfer.

Interesting nuances

For the correct use of the Tinkoff card service - "120 days without interest", bank customers offer several recommendations.

1. Before applying for the service, you need to check the credit limit: there should be no debts. Otherwise, confusion arises: debts on purchases or cash withdrawals will be written off first, and only then on the transferred loan.
2. During the grace period, after the restructuring, you need to refrain from any operations on the card, because, as usual, there is confusion in these very periods, and, as a result, interest is charged (and considerable).
3. If there are paid services, they must be disabled: the monthly fee must be paid in full.

I would like to emphasize that this card has the highest percentage of bank approval. And neither a bad credit history nor the presence of debts in third-party banks interferes with this. This is exactly how, according to the mutual opinion of users, a modern bank that respects its customers works. In addition, Tinkoff always has adequate technical support, and even around the clock.

On specialized websites of banking products, Tinkoff cards have a fairly high rating. And the Platinum“120 days without interest” has been in second place since the beginning of September 2017. Customers positively evaluate this plastic, noting in the reviews that with a rational approach to the transferred loan, it becomes easy.

If there is criticism, it most often touches on the high annual rate and the conditions that the bank suddenly changes to more loyal ones, as soon as the user declares a desire to refuse any Tinkoff services.

When is it better to choose another card?

Having studied all the pros and cons of the Tinkoff Platinum card - "120 days without interest", we can say that it should be abandoned if:

• Funds are needed only for purchases. There are better and better options. For example, "Halva" or cards from "Home Credit".
• Money will often be withdrawn to a debit card or cashed out. Here plastic "100 days without interest" from "Alfa-Bank" will ideally cope.

In any other case, nothing is better than Tinkoff Platinum - "120 days without interest" (reviews are vivid proof of this), no.

Post scriptum

Finally, a small example. Suppose a debt in a third-party bank of 100,000 rubles was taken at 30% per annum. For three months, 7,500 rubles accrue as interest. We transfer the debt to Tinkoff Bank using the Tinkoff Platinum card - “120 days without interest” (reviews confirm the profitability of the transaction) and save the announced interest minus 590 rubles (fee charged for servicing the card). Looksconvincingly.