Raiffeisenbank launches a Cash Back card

Raiffeisenbank announced the launch of a Cash back card — Raiffeisenbank Mastercard^® debit card, holders of which will receive 1.5% cash back from any purchase using the card without restrictions on the amount or category of spending and special conditions for free service. According to a survey by Raiffeisenbank, almost a third of Russians do not use cash back cards because of non-transparent conditions or lack of information on the accrual of loyalty points. The new format of the rewards program meets this demand: now cash back without hidden conditions and asterisks is available to everyone.

How it works

The client receives 1.5% cash back from any non-cash purchase paid with a Cash Back card. Cash back is accrued during a calendar month, within 15 days after its completion, cash back in roubles is credited on the client’s account. The amount of the received cash back can be found online in the Raiffeisen-Online mobile application. The card is free in service for the entire validity period.

Cash Back card in Raiffeisen-Online

«We strive to ensure that all day-to-day financial tasks are easily solved. In the Cash Back card, we have embodied our ideas about what a first choice debit card should be. Now you don’t have to think about spending categories, restrictions and special conditions in fine print — you simply get a cash back in roubles at the end of the month for each purchase,«Maksim Stepochkin, the Head of Non-Credit Based Products at Raiffeisenbank, explained.

Will you really accrue cash back for everything?

Raiffeisenbank will accrue cash back for any personal purchases of the client. Cash back will not be accrued for quasi-cash transactions (cash withdrawals, transfers to other cards and e-wallets), payments for services (Internet, mobile communications, utilities, insurance, fines, etc.), gambling and lottery tickets, as well as for transactions, which fall into the category of fraud or aimed to perform business activities.

You can order a Cash Back card at Raiffeisen-Online, on the raif.ru website or at any Raiffeisenbank office. Remote card delivery is possible throughout Russia.