OREANDA-NEWS. October 17, 2007. No doubt, it is hardly to disagree that situation at plastic card market is changeable. At the moment quick development of retail trade segment and growth of population consumer demand are observed. Growing retail market pushed development of credit cards market in the country, as exactly credit products is the most comfortable instrument of consumer demand satisfaction and one of the most efficient ways for bank to manage its credit portfolio and risks.

Besides, for today in Ukraine there are other necessary conditions for credit cards market. There was formed quite large network of cards receipt, Bank got borrowers base, valid grace period gives to card owners opportunity of non-interest credit usage.

In connection with these changes number of banks issuing and debit and credit cards anyway prefer the last one. Future is credit cards, and they exactly will take leading position at the market.

Credit card privilege is that its owner always has in pocket amount on purchases payment within credit limit.

Assortment of credit card products of PRAVEX-BANK is represented by various types of cards, which usage conditions are constantly improved.

Thus, for example, credit card "Universal" allows using credit means of the bank within determined credit limit which amount can constitute up to 500% of average monthly salary. Interest POS-terminals (in points of sale).

We would like to remind, in September PRAVEX-BANK introduced new scheme of drawing up credit card "Universal". Within new scheme the procedure of working with clients is considerably simplified - now a client is not obliged to fill documents himself, as qualified manager of PRAVEX-BANK who works in outlet, does all the work and fills client's application for card himself. Thus, drawing up all the documents takes 5 minutes, after that during several hours there is taken a decision of client's crediting who while leaving bank outlet with the card that very day can use credit means in his own discretion. 

Besides, PRAVEX-BANK performs an action within which limits owners of salary cards are provided with possibility of credit means usage with independent credit card "Universal salary credit " with interest rate 0,1% annuals during grace period which can constitute maximum 60 days. 

This credit card with credit line at the amount from UAH 1 thous. is provided to holders of salary cards free of charge. Determined credit limit can be enlarged to the maximal filling 600% from average monthly salary. Besides there is no commission for cashless settlement through POS-terminals (in points of sale). Monetary funds are provided in credit without ensuring on the independent credit card that in its turn simplifies for clients control procedure of their usage. "Within this action client gets for usage credit means under profitable conditions, besides, the faster he activates and uses monetary means on the card the greater term of grace period he uses. Credit cards used to be and remain convenient mean of operative monetary funds receipt by clients, with no control on behalf of the bank relating to aim and term of their usage ", - comments Roman VALESYUK, Senior Vice-Chairman of the Board of PRAVEX-BANK.

Besides, PRAVEX-BANK offers new tariff plan for service "Credit card Instalment" - card "Instalment - Econom".

Thus for clients, drawn up card "Instalment - ECONOM", interest rate for credit usage will constitute 0% annuals, and will be valid up to 05.11.2007. Commission for settlements service constitutes 1% per month from the amount of actually provided credit and only while using credit. There is no payment for cash means in ATMs and cashless settlements in trade networks (POS-terminals). Renewal credit limit, clients can set at the amount up to UAH 25 000 and use it during 2 years without pledge and bails.

"Taking into account active credit cards market development, PRAVEX-BANK imbedded new tariff plan on service "Credit card Instalment" - card "Instalment - Econom". Loyal conditions of new tariff plan promote service development, and availability and convenience of card drawing up - attraction of attention of potential clients and improvement of services of frequent clients", - informed Roman VALESYUK, Senior Vice-Chairman of the Board of PRAVEX-BANK.