Illustration: AI
Students can access a credit limit of up to 50 thousand tenge with the Alğa Platonus card, but using it incurs a monthly service fee of 2 thousand tenge. The advertised interest rate is 0%, rising to 38% if a payment is overdue (digitalbusiness.kz). Bereke Bank and the education platform Platonus introduced the card. It can be used to receive scholarship payments, shop and make everyday payments.
How much credit is available with the Alğa Platonus card
The credit limit is up to 50 thousand tenge. Borrowed funds can be repaid in instalments.
Under the bank’s terms, the interest rate is 0%. The annual effective interest rate, or AEIR, is also 0%. This measure helps borrowers assess the cost of credit over a year.
When the service fee is 2 thousand tenge
The card’s service fee is 2 thousand tenge per month if there are transactions using the credit limit. The advertised 0% rate therefore does not mean that borrowing is free.
When choosing a card, consider both the interest rate and the monthly fee. The fee is tied to transactions using the credit limit.
What happens if a payment is overdue
If a payment becomes overdue, the interest rate rises to 38% and the AEIR to 46%. The higher rate applies from the moment the payment becomes overdue until the overdue amount is repaid.
The card’s main terms:
| Term | Amount or rate |
|---|---|
| Credit limit | Up to 50,000 tenge |
| Advertised interest rate | 0% |
| Advertised AEIR | 0% |
| Service fee when the credit limit is used | 2,000 tenge per month |
| Interest rate for overdue payments | 38% |
| AEIR for overdue payments | Up to 46% |
What else the card can be used for
Alğa Platonus can be used to receive scholarship payments, pay for purchases, transfer money and withdraw cash. The credit limit is one of the card’s features alongside everyday banking services.
The card brings together student payments and everyday spending. The offer is accessible through the Platonus education platform.
How to apply through Platonus App
Users can review the terms and start the application process in Platonus App. They are then directed to Bereke Bank’s web channel, where they can apply online.
There is no need to visit a branch to apply. The application process starts in the app students already use for their studies.
In plain English
Alğa Platonus lets students receive scholarship payments and access a credit limit of up to 50 thousand tenge. Using the credit limit incurs a monthly service fee of 2 thousand tenge, while an overdue payment raises the interest rate to 38%.
Before applying, open the terms in Platonus App. Check the fee and repayment terms before using the credit.
