OREANDA-NEWS.  The Bank of Moscow has announced the launch of a new credit card line. For the first time credit cards will be represented in three tariff plans (TP) to be chosen by clients in accordance with their needs.

TP Low Interest has been developed for active credit card users and provides for a low interest rate and free servicing within the first year, and provided the card is used frequently the annual service fees will not be charged at all. Under this tariff a high lending ceiling is envisaged as well as a grace period for any transactions with the card and other additional advantages (discounts and promo-actions).

TP Card + is aimed at clients who apply for any bank product: a loan or a deposit and is designed for a wide use. A card can be issued within minutes and with no additional documents.

TP Easy Cashprovides for an opportunity to withdraw the total amount of the lending ceiling with no fees. When said amount is totally repaid the lending ceiling is renewed at a better interest rate.

The basic advantages of all the tariff plans are:
 — Classic/Standart cards are serviced free of charge during the first year Gold cards are serviced at a 50% discount. During the second and following years active card users may be serviced free of charge if they pay with Classic/Standard cards over 5 900 RUR per month, and with Gold cards over 16 000 RUR per month;
 — Interest rate on a loan — from 19.9%;
 — Grace period — up to 50 days free of charge covering both cashless transactions and cash withdrawal.

A monthly fee for all the tariff plans has been cut down — a deferred up to 6 days repayment applies to 5% of the spent ammounts and the lending ceiling has been increased.

Within the framework of the new line such services are provided as free sms-informing and free web-banking for all clients, a public transport fare payment supplement for the people of Moscow and Moscow Area.

"When developing the new credit card tariff plans the Bank tried to take into account all the wishes of our clients. The key advantage of the new line is a low interest rate, free annual services, quickly made decision and an opportunity of deferred repayment. We understand that at today’s pace of life one can’t always be on time where one has to be, and the Bank is ready to meet its clients’ needs and create convenient and up-to-date products", — commented Natalia Konovalova, Vice President and Director of Retail Product Department of the4 Bank of Moscow.