Sberbank has reduced rates on a massive credit card 2-6 percentage points

Moscow. July 3. INTERFAX.RU – Sberbank of Russia from July 1 lower interest rates on credit cards mass by 2-6 percentage points, according to a press release from the Bank.

Rates were reduced for card product Classic, Gold and card instant issuing.

For customers with pre-approved Bank’s proposal, the minimum rate now is 23.9% per annum, without an offer to 27.9%.

As stated in the press release for 5 months 2017 portfolio of Sberbank on credit cards increased by 32.1 billion rubles compared with the beginning of the year, Sberbank’s share in this market amounted to 44%. “The trend in the reduction of the key rate of the Central Bank allowed the Bank also offers services to improve the conditions on credit cards,” said Executive Director of the savings Bank Igor Kovalyov, whose words are in the press release.

Earlier it was reported that since may 1, Sberbank has lowered rates by up to 4 percentage points on another mass product – consumer credits. The minimum bet on it is 12.9%.