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Sberbank added the ability to transfer funds from credit cards

From today, absolutely all Sberbank customers will be able to make money transfers from credit cards to debit. Given the low financial literacy in the Russian Federation, this may well lead to a rapid increase in the debt load of the population.

You can test this feature in person in the web version of Sberbank Online. Over time, money can be transferred from credit cards in the mobile application.

Recall that Sberbank is the largest player in the credit card market. In December 2018, its market share was 43%.

For transfers from credit to debit card a 3% commission is set. The commission will increase if the user transfers more than 13,000 rubles.

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