Skillfully using bank cards with a grace period for crediting, you can significantly save on paying interest on a bank loan without giving up purchases.
It is necessary
- - identification;
- - SNILS;
- - income statement.
Instructions
Step 1
To attract customers and improve their service level, credit institutions are introducing new banking products to the market. One of them is a bank card with a grace period. With skillful handling of it, you can save a lot on bank interest.
Step 2
The grace period established by the bank for a credit card is also called a grace period, when, for a certain time, the bank undertakes not to charge interest for the use of its funds. Different credit institutions have developed different proposals, but usually the grace period lasts from 50 to 55 days. In this case, spending money is allowed during the reporting period, which is usually one month (30 days).
Step 3
At the end of this time, a period is set aside for repayment of the debt. Depending on the terms of the contract, it is 20-25 days. To avoid the accrual of interest on the loan, you need to return the funds spent to the bank in a timely manner.
Step 4
In most credit institutions, the billing period starts from the first day the bank card funds are spent, while the calculations are not tied to calendar months. But the reporting period usually starts from a certain date every month in order to avoid mistakes. If you regularly completely return to the bank the debt that was formed at the beginning of the reporting month, you can use the card repeatedly without paying interest on the loan.
Step 5
In the event that a debt is formed at the end of the reporting period, the bank will calculate the interest on this amount in accordance with the loan agreement, taking into account penalties and penalties for late payment. In this case, the contract must initially specify the amount of the minimum monthly payment that the cardholder must pay to the bank if he does not use the grace period.
Step 6
To apply for a credit card with a grace period, you need to contact the selected bank and write a corresponding application. In order not to be mistaken with the choice, it is advisable to first study the offers of several credit organizations. It is very likely that the terms of the grace period, the conditions for obtaining the card, the established interest on the loan, penalties and penalties for delay in them will differ significantly.
Step 7
You can also use online services that offer a selection of banking products from different banks. In this case, you can fill out an application form directly on the website of one or several banks, indicate your phone number and wait for a call from the credit manager. Upon approval of the application, you will need to personally appear at the bank branch to sign the agreement and receive the card.
