A loan without the obligation to pay a huge interest rate on the content of the program today is probably the cherished dream of a huge number of people. Getting such a service is not fantastic. Any client of any bank can receive money without interest. For example, the grace period of a Sberbank credit card allows you to use finances for 50 days completely free of charge.
How it works?
The grace period is the time during which the borrower can use credit funds for free. If you repay borrowed money on time, you will only have to pay for the maintenance of plastic. Getting a credit card in itself determines the desire of the client to get a loan. Not having the necessary amount on hand, he will be happy to receive it at the nearest ATM. Upon returning, the client may want to pay off the financial institution faster and return the funds taken as soon as possible. In this case, he will not pay a dime over the amount that he owes. The grace period of a Sberbank credit card allows you to use money for 50 days for free. However, it is worth remembering that this period is tied to the monthly report, and not to the date when the funds were taken. Having bought, for example, a washing machine with a credit card on February 12, you must completely pay off the debt until March 20. Thus, it is better to take borrowed money immediately after the monthly reporting has passed. In addition to the ability to use an interest-free credit card, you can take a revolving loan. This means that immediately after the repayment of the debt, you can almost immediately take new funds and put them into circulation.
credit
cards: grace period and minimum payments
If the borrower was not able to repay the debt in 50 days, then the whole amount will begin to accrue interest. Depending on the type of card, they can be from 12 to 40% per annum. The minimum debt service payment is 10% of the total. By depositing such an amount of money, the borrower will be forced to pay more and more every month. That is why all experts advise paying off debts while there is a grace period for Sberbank's credit card. It is at this time that you can save as much as possible on the use of other people's funds. In addition, you can always open a credit card in another bank and close debts cross-border. First, taking the necessary amount from one bank and returning it to Sberbank, you will immediately receive it back. Such credit card frauds are not welcomed by financial institutions, but if you have a good history, nothing prevents the discerning client from using this method.
You should always remember that the grace period of a Sberbank credit card is 50 days, but it is considered from the date of the report, and not from the time when the money was taken. Understanding this simple fact will make it possible to use
borrowed funds as rationally as possible and plan their return to a financial organization correctly. The proper use of credit cards will give a wise person the opportunity to use the necessary money when it will be needed, and will save you from many small life problems.