OREANDA-NEWS. November 17, 2011. Renaissance Credit and MasterCard announce the launch of a new credit card with the CashBack service. The Renaissance Credit Clear Card is made of transparent hi-tech plastic and features a unique design. The client will receive credits to his or her account from 1-10% of each purchase on the card. Combined with monthly special offers, the cash back may exceed 10%.

One may apply for the Clear Card on our website (www.rencredit.ru) and receive it from a courier at one’s convenience, without a visit to the bank. Beginning in the middle of November, the card may be acquired in any Renaissance Credit branch office. A minimum set of documents is required in order to issue the card. Delivery of the card throughout Russia by the courier service (or Russian Post) will be available in the first quarter of 2012.

“The Renaissance Credit Clear Card is intended for those who demand clear, convenient and advantageous conditions from a contemporary banking product. We expect that our customers will value the ease of applying for the credit card through the Internet, and also the savings on purchases through the CashBack program. Furthermore, the Renaissance Credit Clear Card meets all the requirements of today’s consumer – it is versatile, easy to manufacture and is quite unique in its style,” said Vladislav Verbin, Vice President and Director of the Banking Card Department at Renaissance Credit.

The credit limit on the card will be set on a case-by-case basis and may reach RUB 300,000. The grace period can be up to 55 days. The interest rate will be set individually on the basis of the cardholder’s credit history. The card may be replenished through a number of channels, including commission-free via Elexnet terminals. The annual service fee of the card is RUB 900, but if ordered through Internet, the service fee for the first year will be waived.