My Bank starts issuing Visa Gold credit cards
Now My Bank’s customers can open a Visa Gold credit card. The card has the maximum credit limit up to 100,000 roubles (3,000 US dollars/euros), a 50-days grace period and no service fees.
The distinctive feature of the new product is its regressive interest rate on the credit. After every repayment, made in time, the base interest rate decreases by 2 percentage points up to the minimum interest rate – 20% in roubles, 19% – in US dollars.