Developers: | Alfa-Bank Russia |
Last Release Date: | April, 2020 |
Branches: | Financial services, investments and audit |
2020: Card issue without payment data on the face
On March 29, 2020 Alfa-Bank announced the beginning of the credit card issue without payment data on the face. The credit institution called such design (dual face) unique for Russia.
On one party of the new credit card "100 days without percent" are put the card number, expiry date, CVV2 and a name of the holder are located on one party of the card. On other party the logo of Alfa-Bank and the EMV chip are located.
As reported and Alfa-Bank, the credit card with payment details on one party have additional security as at payment all data disappear from strangers.
To receive credit with one-sided design, it is necessary to submit the application on the website of bank and to select Visa payment system. The card will be brought by the courier in day of the order or next day, also the user can order delivery in any department. The bank offers three color designs of the card: red, golden and gray.
Along with the output of credit cards in new design reported Alfa-Bank that since April 14, 2020 within the Credit Quarantine program all credit card holders paying the credits without delays for three months will not pay the main part of debt, only percent. The privilege is connected automatically, it means that several million clients of Alfa-Bank received, noted in credit institution.
All clients who issued the credit card since April 14, 2020 will receive decrease in the first minimum payment on principal amount to 3%. If this payment arrives in time, the bank will reduce the following payment to 0%. This month will pay a principal debt it is not necessary.[1]
Users of the credit cards "100 days without percent" can remove every month in ATMs 50 thousand rubles without the commission. The credit limit makes 500 thousand rubles. It is possible to return money for the card for purchases in 100 days.