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PrivatBank review

Updated September 28, 2026 · DebitCue Editorial Team · Facts checked September 26, 2026

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Our verdict

PrivatBank suits people in Ukraine who want everyday spending and borrowing from the same bank, without a standing charge on either card. The credit card has an annual fee of UAH 0 and borrowing costs of 3.4% to 3.5%, and the universal debit card adds rewards on top.

Key facts

Best for
Ukrainian residents who want a debit card and a credit card from the same licensed bank, with no annual fee.
Annual fee
UAH 0 (Source, checked September 26, 2026)
APR
3.4% to 3.5% (Source, checked September 26, 2026)
Card kind
Credit (Source, checked September 26, 2026)
Headquarters
Ukraine (Source, checked September 26, 2026)
Founded
1992 (Source, checked September 26, 2026)
Pricing model
No annual fee
Features
Rewards
Official website
privatbank.ua

Debit cards

Monthly fee
UAH 0 (Source, checked September 26, 2026)
Card type
Debit (Source, checked September 26, 2026)
Headquarters
Ukraine (Source, checked September 26, 2026)
Founded
1992 (Source, checked September 26, 2026)
Features
Rewards

Apps and profiles

Elsewhere
WikidataWikipediaLinkedInX

Pros and cons

Pros

  • Annual fee of UAH 0 on the credit card, which the bank lists as a no-annual-fee product (no annual fee)
  • Debit card monthly fee of UAH 0
  • Borrowing costs of 3.4% to 3.5%, under the median rate across credit cards in this comparison
  • Rewards on the universal card, the only entry in its feature list (rewards)

Cons

  • Licensed in UA only, so the cards sit outside the deposit protection a customer would rely on in their own country
  • Points, cashback and airline miles are not among its features (rewards)
  • The interest rate of 3.4% to 3.5% applies to the credit card, while rewards are listed on the debit card, so rewards and borrowing sit on different cards
PrivatBank

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Who it suits

  • People in Ukraine who want everyday spending and borrowing from the same bank
  • Borrowers who want a revolving balance at 3.4% to 3.5% with no annual charge
  • Customers who want rewards on everyday card spending without paying an annual fee

Who should look elsewhere

  • Customers who bank outside UA, since the National Bank of Ukraine licence does not reach them
  • Travellers who want an account for holding and converting money rather than borrowing, the case to compare with Wise
  • Anyone after a secured card in a home market, such as Chime, or a points or cashback scheme, which is not the listed feature (rewards)

Fees and FX

The credit card has an annual fee of UAH 0, so keeping the card open costs nothing a year. Borrowing on that card runs at 3.4% to 3.5%, under the median rate across credit cards here. The debit card carries a monthly fee of UAH 0, so both cards can run from the same account with the borrowing rate as the only running cost.

The company behind it

PrivatBank is a Ukrainian bank headquartered in Ukraine and founded in 1992. It is licensed by the National Bank of Ukraine under licence 22. Deposits sit with a bank inside the Ukrainian regulatory system, so anyone banking outside the country should check how the licence applies to them before applying.

How PrivatBank compares

Where PrivatBank is available

Available
Ukraine
Licence in Ukraine
National Bank of Ukraine (22), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

Does the PrivatBank credit card charge an annual fee?+

The credit card has an annual fee of UAH 0, and the bank lists it as a no-annual-fee product (no annual fee). The highest annual fee among credit cards in this comparison is €144, so keeping this card open adds nothing a year.

What does it cost to borrow on the card?+

Borrowing on the credit card runs at 3.4% to 3.5%. The median rate across credit cards in this comparison is 20.85%, so a revolving balance here costs a fraction of the typical figure. Borrowing is the part of the offer that carries a running cost.

Does the debit card charge a monthly fee?+

The universal card is a debit card (debit) with a monthly fee of UAH 0. The credit card carries an annual fee of UAH 0 instead, so the everyday card and the credit card can both sit in the same account with only the borrowing rate as a running cost.

Is PrivatBank regulated, and where?+

PrivatBank is licensed by the National Bank of Ukraine under licence 22. The bank is headquartered in Ukraine and has been operating since 1992, so it sits inside the Ukrainian regulatory system. Customers elsewhere should look at a bank licensed where they live.

What rewards does the card offer?+

The card carries rewards, and that is the whole feature list (rewards). The earning rate and redemption conditions are left to the bank's own terms, so weigh them against the 3.4% to 3.5% borrowing rate before you value the reward.

Can I open the account if I live outside Ukraine?+

The licence comes from the National Bank of Ukraine and the headquarters are in Ukraine, so this is a Ukrainian product. Residents of other countries who want a card regulated where they live should look at the alternatives listed on this page.

What does it cost to use the card abroad?+

The published fees cover the annual fee of UAH 0 and the monthly fee of UAH 0, so the cost of spending in another currency sits outside those figures. Anyone travelling should treat the bank's own tariffs as the reference for conversion and ATM costs.

Sources

Compiled from 6 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Currency conversion fee, Rewards type.

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