With the advent of the economic crisis, banks began to introduce new financial products to attract more customers. Plastic cards have become especially relevant. But you won’t surprise anyone with a standard credit line. Not everyone will want to overpay interest on the use of bank money. The most profitable credit card with a grace period is what a modern client needs. The most convenient conditions for individuals will be described below.
What is a grace period?
Credit cards today offer to issue many financial institutions for free. At the same time, some make it possible to use the bank’s finances on a preferential basis. That is, for a certain period of time, you can take money from the card and do not overpay anything. A grace period of 30-60 days is standard. However, some banks go further and offer their customers to use the funds without overpayment for 180-200 days.
Is it profitable to have a card with a
grace period? Such a financial product is really convenient to use. But it can be called beneficial only in a number of cases. The fact is that most customers, seduced by the grace period, continue to use the loan after the end of the "interest-free" period. At the same time, you already have to pay a rather big commission for using a credit line.
Should I get a credit card? Only a client can make a decision. And first, you should study the review of credit cards with a grace period.
Sberbank of Russia
A financial institution is most trusted by citizens. The bank also offers a credit card with a grace period. Cash withdrawals are carried out without interest at any ATM. Despite the fact that the grace period is offered not too long (only 45 days), there are always a lot of people who want to get a financial product. This is evidenced by numerous reviews. It attracts primarily the amount of the credit limit. Depending on the income, customers can receive up to 600 thousand rubles per card.
At the end of the grace period, bank customers will have to pay a fee of 25.9% per annum for using credit money. The overpayment is calculated based on the amount of funds withdrawn from the card on the last business day of the month.
Vanguard
This bank is the most attractive when considering the grace period. Everyone has the opportunity to issue an account and receive a card from one of the international payment systems. At the same time, you can use the bank’s finances on loyal terms for a long time. Credit cards with a grace period of 200 days are a unique opportunity to make any purchases without waiting for wages. You can spend money in stores, travel agencies, entertainment complexes, etc. At the same time, it is not necessary to return the entire withdrawn amount to the card within a month. The minimum payment will be 10% of the amount owed.
How do I have to return the money after the grace period. The minimum payment does not change. It will be at the same 10% level. However, an additional fee will also have to be paid. Bank Avangard offers to issue a credit card at a rate of 24% per annum.
VTB Bank
VTB Bank offers to issue several options for plastic cards. The difference will be in the credit line provided (from 300 to 900 thousand rubles). A credit card can be really beneficial. A grace period of 50 days makes it possible to make purchases at the expense of a financial institution and not overpay anything. At the end of the billing period, the rate for new customers of the bank will be 28%. Those who have been working with a financial institution for a long time are offered more loyal conditions. At the end of the grace period, you will have to pay 22% per annum.
From VTB Bank, a credit card is really convenient. Each client can attach up to 5 cards to his account absolutely free of charge, which is very convenient for family use. In addition, the financial institution has convenient online banking. It is not necessary to contact the bank to track the movement of the account. All you need to do is go to your own online account.
"Alfa Bank"
This financial institution also offers a reasonably good credit card. The grace period is 100 days. Conditions after its completion: rate - 18.99% per annum. Any client can get a credit line of up to 300 thousand rubles and spend finances for any purpose. The amount that appears on the card initially depends on the income of the client.
The plus is that the Alfa Bank card can be replenished free of charge at any financial institution. You can also withdraw credit at any ATM. Unlike the product that VTB Bank offers, Alfa Bank’s credit card is also a debit card. That is, the client can not only take the funds of the financial institution, but also deposit on its own account. This will accrue interest on the positive balance.
Good feedback can also be heard on the Alpha Mobile app. This is a program for smartphones and tablets, through which you can track the movement of the account, transfer money from the card, replenish the cell account, etc.
Promsvyazbank
A credit card with a grace period of 145 days is beneficial and convenient. It is such a product that Promsvyazbank offers. Its name is “Supercard”. Within four months you can use the credit line absolutely free. Then you have to pay the amount of debt at a fairly high rate - 34.5% per annum. Along with this, the bank offers a rather large credit line. Depending on the official income, each client can receive up to 600 thousand to a credit account.
Promsvyazbank's supercard helps save money. Customers who have registered the product automatically become participants in the bonus program and can make purchases at a reduced price in stores that are partners of a financial institution. Using a card will be really beneficial if you return funds to your account during the grace period. However, 145 days after the withdrawal of funds, unfortunately, the rate cannot be called profitable.
At the request of the client, an additional card to the account can be issued absolutely free for use by loved ones.
Rosbank
Open a credit line is also offered by this financial institution. Any adult citizen of Russia with a permanent place of employment can become a client. This product cannot be called the most profitable credit card with a grace period. However, Rosbank offers the largest credit line. Each client has the opportunity to receive up to 1 million rubles to his account. Moreover, within 62 days it will be possible to use the money absolutely free. In the future, the rate under the contract will be 23% per annum.
The issued card belongs to the international system "Visa". Therefore, it is possible to withdraw money from ATMs around the world, to pay for goods purchased on foreign sites. Rosbank also offers round-the-clock customer support. If the card was lost or stolen, it will be possible to block it in a matter of minutes by calling the hotline number.
Uralsib Bank
A financial institution does not offer the most favorable credit card with a grace period, but the conditions will also please many. The limit can reach 500 thousand rubles. On loyal terms, credit funds can be used within 60 days. At the end of this period, the client will have to pay a commission at the level of 24% per annum. The interest is calculated on the balance of funds withdrawn from the card at the settlement date (last business day of the month).
The bank issues cards of the Mastercard payment system, which are equipped with a chip. This means that credit funds are always under reliable protection. There is a guarantee that the money will not be stolen by scammers. If necessary, the account can be blocked at any time.
Yar Bank
“Yar-bank” also offers to issue a credit line. Her service is free. How to use a grace period for a credit card? On loyal terms, you can withdraw and deposit funds back within 55 days. Then the loan rate will be 25.5% per annum. The plus is that the credit line can also be opened to those customers who do not confirm official income. That is, private entrepreneurs and freelancers can use the services of the bank.
Subject to income confirmation, a Platinum credit card can be issued at a rate of 24% per annum at the end of the grace period. To conclude an agreement, the client must provide a passport of a citizen of the Russian Federation, as well as an identification code.
Tinkoff
A financial institution offers many profitable products for individuals. A credit card can also be issued. Grace period, cash withdrawal at any ATM, convenient Internet banking - all this attracts customers. The grace period is 55 days. In the future, the client will have to pay for bank services at a rate of 23.99% per annum. A plus is a fairly large credit line - up to 700 thousand rubles.
A credit card from Tinkoff Bank is also a debit card. Those who plan to keep their own savings in the account can expect an income of 7% per annum. All account movements can be monitored in real time thanks to a convenient application for tablets and smartphones. A credit card can be used for online payments, for purchases in domestic as well as foreign stores. Data is protected by a reliable security system.
"Renaissance Credit"
Every adult citizen of Russia who has a permanent place of employment can use the services of a bank and apply for a credit line. Not the most profitable credit card with a grace period, but quite popular. A financial institution is trusted by citizens. Many seek to draw up a loan agreement here. At the initial stage, the client may be offered a credit line of up to 200 thousand rubles. Moreover, the grace period will be 55 days, as in the previous case. In the future, the use of credit funds will have to pay 24% per annum.
The minimum payment under the contract, as in many other banks, will be 10% of the amount owed. The customer will have to pay monthly until the 25th of each month.
Should I get a credit card with a grace period? Such a financial product is really beneficial if you use it wisely.