MTS "Smart Money" card: review, terms of issue, %, advantages

Date: November 1, 2021 | Updated: April 29, 2021 | Author: Moblie-man

In recent years, cellular operators have begun to actively integrate into the banking structure, offering their clients all kinds of cards and other financial services. MTS, which has also been offering its subscribers services in this industry for a long time, does not stand aside.

Let’s understand the question of what the MTS “Smart Money” card is, how to use it, how to apply for it, etc.

MTS "Smart Money": what kind of card

This bank card is a completely standard product, sold today by the vast majority of other banking institutions. The card can be a debit or credit card, and the funds on it can be used to pay for purchases and withdraw cash, as well as to top up a mobile account.

MTS subscribers using this card can be provided with a 100% discount on the monthly fee in the tariff plan they use. However, as you understand, the provision of such a discount is possible only if certain priority parameters are met. But more on that later.

What's the catch with this card?

The main pitfall of the card, judging by user reviews, is that some purchases for the previous payment period are unreasonably applied to the next month, which is why rewards and credit interest may be credited incorrectly. Many subscribers consider this a scam and refuse to use the card.

Using the operator’s “native” card may not be suitable for everyone, since it is no different from a regular bank card, but requires the subscriber to comply with certain conditions. Otherwise, connecting to this service can be beneficial for those who want to receive a 100% discount on mobile communications.

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MTS “Smart Money” card: detailed description

Current version. Map information updated 10/15/2018

Card issue and maintenance

The card can be obtained by all citizens of the Russian Federation from 18 to 70 years old. It is absolutely not necessary to be an MTS subscriber.
The cost of issuing a Smart Money card is 199 ₽;
Monthly cost of card servicing: for MTS subscribers - free, for all other “holders” - 99 ₽/month;

Card reissue cost

Reissue at the end of the validity period is free;
Reissue at the request of the client (if the card is broken, lost, etc.) - 199 ₽;
At the discretion of the bank - free of charge (if the card has become unusable through no fault of the card holder)

Credit limit, interest and late fees

The credit limit on the Smart Money card is set individually by the bank and ranges from 0 to 300 thousand rubles;
The grace period is up to 51 days from the date of purchase (from the 1st day of the month in which the purchase was made to the 20th day of the next month);
The interest rate for using credit funds during the grace period is 0% per annum;
The interest rate at other times is from 24.9 to 27% per annum on the loan balance (The interest rate is set by the bank for each client individually when issuing the card);
The fine for failure to pay the minimum loan payment is 500 rubles;
There is no penalty for failure to pay a technical overdraft;

Withdrawing cash from the MTS “Smart Money” card

Using a card

Limit for cash withdrawals through ATMs or the cash desk of MTS Bank PJSC: no more than 50,000 rubles per day or no more than 600,000 rubles per month;
If you withdraw your money from your card through an MTS Bank ATM, there is no commission;
If you withdraw credit funds through an MTS Bank ATM, the commission is 3.9% of the withdrawal amount plus 350 ₽;
If you withdraw your money through the MTS Bank cash desk, the commission is 0.5% of the withdrawal amount;
If you withdraw your money through an ATM of any other bank - a commission of 1%, but not less than 100 ₽ + commission of the bank whose ATM you use;
If you withdraw credit funds through an ATM of any other bank - a commission of 3.9% of the amount + 350 ₽ + commission of the bank whose ATM you use;

Without using a card

There is no limit on cash withdrawals through the cash desk of MTS Bank PJSC (everything is clear here, they came and said that you want to withdraw all the money from the account - the bank is obliged to issue it);
Commission for issuing own funds through the cash desk is 0.5% of the amount;
Commission for issuing credit funds through the cash desk is 4% of the amount;

Transfers of funds using the MTS Smart Money card

Topping up your card account - no commission;
Transfer of funds to another MTS Bank card within your own funds through an ATM, Internet bank or mobile bank of MTS Bank - no commission;
Transfer of funds to another MTS Bank card of credit funds through an ATM, Internet bank or mobile bank of MTS Bank - commission 3.9% + 350 ₽;
Transfer of funds to any other card or account within your own funds through an ATM, Internet bank or mobile bank of MTS Bank - 1%, but not less than 49 ₽ per transaction;
Transfer of funds to any other card or credit account through an ATM, Internet bank or mobile bank of MTS Bank - commission 3.9% + 350 ₽;

Additional terms

Fee for providing information services via SMS: no;
Internet banking - free;
Mobile banking - free;
The card is valid for 3 years from the date of issue;
If there are no funds in the account and you do not use the card for 6 months, the contract is automatically terminated, the account is closed, and the card is cancelled;

What opportunities does the card provide?

In addition to the standard functionality available for modern bank cards (secure online purchases, contactless payment, receiving cash without commission at ATMs), there are additional advantages:

Payment by portable device. The MTS Smart Money card can be connected to Samsung Pay, Apple Pay, Google Pay services to pay for services and goods using a smartphone or tablet.
. Set rules for regularly replenishing your account based on a threshold or interval to pay for housing and communal services, Internet, mobile communications, loans, cable TV and various other services.
SMS informing. send standard messages to quickly receive information about your account status and manage it.
Internet banking or mobile application. Use all the benefits and functions of the card in one application with a clear interface.

Conditions for receiving a 100% discount on payments for MTS mobile communications

To receive a 100% discount, any of the conditions must be met: either you spend/transfer more funds than indicated in the “Amount of transactions per month” column, or keep more than the minimum balance in your account.

—	Amount of transactions per month	Minimum balance
"Smart Zabugorishche"	30 000 ₽	100 000 ₽
"Smart+"
"Our Smart"

"Tariffishche"	20 000 ₽	70 000 ₽
"Smart Unlimited +"
"Smart Non-Stop"

"Smart"	10 000 ₽	50 000 ₽
"MTS Tablet"
"Smart Unlimited"
"My Unlimited"
"My Smart"
"X" or "Hype"

On the one hand, it doesn’t seem that difficult to fulfill one of the conditions, on the other hand, I don’t really like the size of the commissions. And MTS Bank doesn’t have many ATMs. I myself have been an MTS subscriber for almost ten years, but I don’t plan to receive a card. For me, “the game is not worth the candle.”

Mobile Application "MTS Bank" - Download Free for Phone: Android and iOS

You can remotely manage accounts and cards opened at the bank not only through Internet banking on the official website of the institution, but also using a mobile application.

Download the MTS Bank application for Android;
Download the MTS Bank application for iOS.

To access it you need to do the following:

Open the app store on your device.
Enter the phrase “MTS Bank” in the search bar.
Download the found application, and then install it (installation is carried out automatically).
Open the program and go through the authorization procedure.

With this software the user can:

Control accounts, loans and deposits.
Make payments both for the Internet and mobile communications, as well as for utilities and other services. In addition, fines can be paid through the program.
Transfer money to other cards and accounts (both your own and others). Transfers can be made within the bank or to an account at another financial institution.
Receive advice from financial institution employees.

There is no need to pay to use the service. The operations described above can be carried out at any time of the day, regardless of your current location. It is not recommended to download the application from third-party sites - it can be used by scammers to steal funds stored on cards.

How to receive and activate an MTS “Smart Money” card

To receive this card, subscribers need to simply go to any of the official salons of the MTS operator. You should have a passport of a citizen of the Russian Federation with you. In just 15 minutes the card will be issued and received by you.

To speed up the process, you can first fill out an application for issuing a card online on the official website; the decision to issue or not issue a card will come to you via SMS message. If the decision is positive, a bank representative will contact you and you can agree on a time to visit the MTS office to receive a card and sign an agreement.

After receiving the card, you need to activate it, or rather, get a PIN code to access the balance. This can be done using the following instructions:

Make a voice call to 88002500890 (free).
To go to the “MTS Money” item, click on the button «3».
Next, press the “1” , which will allow you to go to the card access code settings.
Enter the code from the text message.
Enter the PIN you want to use for your card.
Confirm the operation by entering the CVC2 code.

Grace period

Knowing the time of the grace period, it remains to understand the procedure for calculating it. This will avoid overpaying for the use of borrowed funds. Moreover, the financial institution approached the calculation of the time during which it is not required to pay interest in a creative way:

The interest-free period is always counted from the 1st day of the calendar month;
the starting month coincides with the month the purchase was made;
benefits disappear on the 22nd day of the next calendar month.

Consequently, 51 days will be available only to those people who make a purchase at the beginning of the month. For others, the interest-free period will be noticeably shorter (sometimes 3 weeks).

How to top up an MTS Smart Money card

Separate attention should be paid to how the account linked to the MTS card is topped up. For this purpose, you can use a lot of different methods. The most popular and convenient of them are listed below:

At the box office of MTS offices;
At special MTS Bank ATMs;
By transfer from a card of any other bank;
In payment terminals;
Using the Rapida or Zolotaya Korona payment systems, for example;
Via cashless transfer from the details of any bank.

If you choose a method related to replenishing a card through official MTS stores, you need to be aware of the restrictions that apply to maximum replenishment amounts. The replenishment amount per day cannot exceed 100 thousand rubles, and per month - 1 million rubles.

Features, pros and cons

There are no obvious shortcomings that would allow us to call the proposal unprofitable. Among the main advantages are:

free service;
telephone discount;
high credit limit;
the presence of a grace period during which no interest is accrued;
cashback on purchases (the first one per month allows you to compensate for the maximum amount).

Additionally, the “plastic” status is highlighted - Platinum, which allows holders to enjoy all the privileges of such cards. Otherwise, customers are offered a standard product containing all the advantages and capabilities of most modern bank cards (including contactless payment).

MTS personal account for the Smart Money card

Like any other bank, MTS Bank offers its clients the opportunity to use web banking to control their own expenses, conduct online transactions, etc. You can log into your personal online banking account in the following way:

Visit the website mts.ru.
At the top of the screen (right) find the “My MTS” icon and click on it.
Select “Internet Banking” from the drop-down list.
On the page that opens, enter your username and password to log in, then click on the “Login” button.
You are inside the office.

However, before performing these actions, you must, of course, register in the system. Detailed registration instructions are here.

Registration in the system, as well as its further use, of course, is offered to subscribers completely free of charge.

Advantages

So, MTS Money is a familiar electronic wallet with additional features. Nowadays such services are popular, many clients open additional accounts.

Let's explore the benefits:

Low commissions on various transactions.
You can use your mobile wallet to pay for many services.
It is possible to issue a virtual card and expand its capabilities.
The company is ready to issue regular bank plastic linked to the account.
The organization guarantees the safety of operations. An advanced information security system is used.
You can store different amounts in your account.
You can replenish it using one of the available methods.
Account maintenance is free.
You can send money to a card of any Russian bank.
You can top up your phone account if necessary.
You can enable automatic payments. The system will automatically transfer money for services; you only need to configure it once.
A proprietary application is available for clients.
In the program you can fully manage your account and view all the information you need.
Contactless payment via NFC is supported.
The wallet is available to subscribers of any operators. MTS clients receive additional privileges.
There are no complicated details. The specialists tried to simplify all stages as much as possible.

How to block an MTS Smart Money card

The last question related to the Smart Money card that we wanted to consider today concerns the possibility of blocking a bank card. Such a need may arise if the card is lost, or if you want to terminate the agreement with the bank and refuse further use of the plastic product.

Regardless of what caused the need for blocking, you can implement your plans in the company’s offices. You need to go there with documents and fill out the appropriate application for blocking.

User reviews

“I’ve been a subscriber for a long time and I saw an advertisement on TV. I was immediately glad that I wouldn’t be able to pay a monthly fee; anyway, my old bank card had expired and I needed to get a new one.

I received the card quickly and decided to fulfill the conditions for a certain amount of purchases per month. Imagine my surprise that, in comparison with other banks, it doesn’t show how much per month I’ve already spent, which is taken into account to accumulate for the bonus. You have to write everything down on a piece of paper and calculate it yourself. Not very convenient” - Anna, Kamenka

“I’ve been using a special option on my tablet for the Internet for a long time. When I came to the salon to deposit money into my account, they offered to issue a card. Well, I agreed, it seems like it should be profitable. When I received the card, I put 50 thousand in there and already expected that now I wouldn’t have to pay at all.

The first month everything was fine, the only thing was that they wrote off 99 rubles for something, but then I contacted the hotline and they said that there was an error. Everything was returned.

Once a few weeks ago, the store didn’t have enough money on another card, so I paid with this one. Well, I think I’ll get home and put it right away, anyway, today I had 50 thousand in my account. I arrived home, topped up up to 50. And then I received an SMS that this month I did not fulfill the conditions for receiving a discount. Got upset…

Not a bad offer, but you need to not just praise the card in advertising and in showrooms, but also explain to ordinary people to consultants that the balance cannot be reduced even for a minute. It turned out that they were handed a map, but you have to find out what and how.” — Mikhail Veniaminovich, Moscow

“I am a university graduate, I just recently graduated. I used the Sberbank Youth Card, but it ran out and I decided not to reissue it. In short, I needed something with which I could pay in stores and pay all sorts of traffic police fines, for an apartment. To avoid standing in lines at the box office.

I was reading forums and came across Smart Money. For me, MTS Bank, in principle, was never taken seriously by ear. Need to try.

I received the card and am using it. I just cry wherever I go and that’s all. I calculated that I had already spent the required amount, well, I think okay, we’ll check at the end of the month. And so, when spending on the card amounted to almost 15,000, an SMS came that “I did well, I scored a bonus.” The first thought is “How is this possible? After all, I spent 10 thousand a long time ago.” I came to the MTS store and went to see a specialist. I suggest you figure out what and how.

It turned out that when I paid 3,000 for the apartment and electricity, these expenses were not taken into account. The paid fine of 800 is also not taken into account. That's where the dog rummaged. But on other cards, cashback for such expenses was accrued without problems.

In short, I decided to abandon this card. I did the math and thought and realized that since I spend a lot of money on payments that are not taken into account to receive a discount, it’s easier for me to receive cashback on a card from another bank.” — Anton, Samara

How to receive bonuses

The bonus program includes the opportunity to 100% cover the costs of cellular communications for subscribers of the Smart and Hype line. Let us remind you that the privileges apply only to these offers. So, in order to use all the services within the scope of the room service agreement, without incurring costs, you must comply with the following conditions:

Make purchases in online stores or pay for other services with a card in the amount of 10,000-30,000 rubles, depending on the tariff plan.
Maintain a positive account balance at all times. Depending on the tariff, the minimum threshold for balances varies between 50,000-100,000 rubles.

It is important to understand here that not all financial transactions are covered by the bonus program. Discounts are not available for:

Cash withdrawal through ATMs of any service banks.
Payment of loans and government services, repayment of fines and debts.
Replenishment of wallets registered in electronic payment systems.

Let's move on to the main thing: a 100% discount on covering cellular communication costs is possible only if any of the conditions listed above are met. If none of the points are met, the card falls out of participation in the bonus program. If the requirements are met, the bonus will be credited in the form of the amount spent on communications in the past month. A kind of cashback for purchases.

Application

The company offers clients the MTS Money application. It is analogous to a personal account and provides similar opportunities. The application allows you to:

Pay for various services.
View account information.
Receive information about recent transactions.
Top up your wallet.
Make a transfer.
Issue a virtual card.
The application allows you to use a contactless payment method.
For completed transactions, bonuses are awarded that can be immediately exchanged for gifts.

Replenishment methods

Considering that the positive state of your personal account is one of the key advantages of using the MTS Smart Money card, it makes sense to talk about options for replenishing it. Here the provider and the servicing bank rose to the occasion, offering owners several options for depositing funds into their accounts without commissions or overpayments. The following options are available:

Cellular communication stores and MTS sales offices.
At any branch of the servicing bank.
Bank transfer to card details.
Mobile banking (no commission is provided only for transfers above 5,000 rubles).
Electronic payment systems: QIWI, Eleksnet, PAYBERRY.
Express transfers through the RAPIDA and Zolotaya Korona systems.

For replenishment there are also restrictions in the form of 100,000 and 1,000,000 rubles for daily and monthly receipts of funds, respectively.