The grace period and the opportunity to use the card without interest is a privilege that the bank provides as a sign of high loyalty to its clients. In order not to lose this privilege, you must follow the rules:
pay off debts on time;
make a mandatory monthly payment;
pay for maintenance and other services provided for in the loan agreement.
The minimum payment is the amount that must be paid each month to continue using the card. The minimum payment amount is fixed in the contract. In Sinara Bank, it is calculated as 2.9% of the debt amount, minimum 600 ₽.
It is important to make your monthly payment on the date finland mobile database set by the bank. If you are late with the payment even by one day, you will be in arrears. The consequences may be fines, penalties, and a deterioration in your credit history.
If you approach the choice of a credit program wisely, you can reduce regular payments to a minimum. For example, let's look at what the cost of owning a Sinara Bank card consists of:
service during the first month of use — 149 ₽;
service from the second month - 0 ₽ for purchases from 5000 ₽ per month;
information about transactions - 2 months free, then 79 ₽ per month;
Issue and reissue of plastic cards is free.
Therefore, to save, you need to actively use the card and pay off the debt during the grace period. Then the service will be free, and the overpayment on interest will be zero.
Stay in touch
Another rule for using a credit card is to inform the bank about changes in personal data and personal circumstances.
Update your information if you have changed your phone number, address, last name, or place of work. This will show the bank that you are a reliable and responsible client interested in long-term cooperation. In the future, this will play into your hands: for example, if you want to increase your credit limit or ask for a payment deferment.
Is it possible to withdraw cash from a credit card?
Withdrawals are usually possible, but a fee is charged for each transaction.
In addition, cash withdrawals are often not subject to a grace period, meaning that interest is immediately charged on the amount withdrawn. Sinara Bank is an exception: you can withdraw money from an ATM without overpaying interest if you do so within the grace period.