The grace period of the Sberbank credit card has ended. Grace period on a Sberbank credit card - an example of use and how to calculate its end

At Sberbank, the grace period may be maximum 50 calendar days. This is exactly how much you can avoid paying interest on using credit funds. But please note that the LP will only be valid if you paid with a card for purchases or services. If you withdraw money from a cash register or ATM, spend it in a casino or make a transfer, interest will be accrued from the first day in any case.

So, in order not to pay interest, you need to make the entire payment amount during the grace period. Many people think that the 50-day countdown starts from the date of purchase. But in the case of Sberbank this is not the case. As I already said, 50 days is the maximum. In general, the LP can be 20, 30, or 40 days. How do you know when his term ends?

When you receive the card, you will be given a PIN envelope on which the report date will be indicated. This will be the beginning of the grace period.

For example, on the PIN envelope it is written that the reporting day for your credit card is 5th of every month. This means that 50 days will be counted from this date: i.e. 30 (31) days until the next 5th (this is called reporting period) and plus another 20 days (this is repayment period). Those. in our case, the last repayment date will be the 25th.

It turns out that the LP can be a minimum of 20 days and a maximum of 50. To make it clearer, let’s look at a few examples. At the same time, do not forget that our report date is the 5th.

Example No. 1 : you made a purchase on June 7th. In this case, you have 28 days until July 5th plus another 20 days (i.e. until July 25th). There is a total of 48 days of grace period.

Example #2: you make a purchase on June 26th. Accordingly, you have 9 days left until July 5th plus 20 days. The grace period in this case will be 29 days.

It turns out that it is best to make payments with help at the beginning of the reporting period, then the grace period will be as long as possible.

In addition to questions about the length of the grace period, the question often arises about what exact amount should be repaid in order not to fall out of the grace period. I answer: the main thing is to deposit the amount spent during the reporting period. Payments made for purchases during the repayment period are optional! They do not affect the drug.

Example #3: On June 8, you used your card in a store for 3 thousand rubles, on June 25 - for 1 thousand rubles, and on July 9 - for another 2 thousand rubles. Before the payment date (i.e. before July 25), in order not to be expelled from grace, it is necessary to deposit only 4 thousand rubles. (3 thousand + 1 thousand). You can pay the remaining 2 thousand until August 25 (i.e. they fall under the next LP).

By the way, the amount and deadline for payment must also be indicated in the monthly report on the card. There are two ways to get this:

1) personal appearance of the owner of the plastic card at the place where the account was opened (i.e. you will have to go to the bank every month);

2) via the Internet to an email address (which, it seems to me, is much more convenient).

Initially, the method is indicated in the application for a credit card, but later it can be changed. To do this, you need to contact the branch where the card was opened and write the appropriate application.

If there were no card transactions for a month, the report is not generated.

And do not forget that if you have not paid the entire debt by the deadline for repayment, then interest will be charged on the amount of the actual debt. Those. in the next report, in addition to the principal debt, the obligatory payment will also include interest accrued from the date the transaction is reflected on the card account.

Billing period- this is the period during which you make purchases, and the bank keeps records of how much money you spent. Typically this period is 30 days.

Next begins payment period(sometimes it is called preferential). This is the time during which you are given the opportunity to fully recoup the money spent. Please note that you must repay the entire amount of the debt - only in this case the bank will not charge you interest for the use of funds (to the extent of the used credit limit). The duration of the payment period is usually 20 or 30 days - so in total (with a billing period of 30 days) the period of interest-free use of credit money “promised” by the bank is 50, 60, etc. days.

If you were unable to fully return all the money spent to the card, the bank will charge interest on the amount you spent during the billing period. At the end of the grace period, you will need to pay a minimum payment (usually 5-10% of the amount) and interest accrued for using these funds.

From the end of the first billing period (30 days), the next billing period will begin. Please note this occurs at the same time as the first pay period begins. That is, at the same time, both the payment period for the debts of the previous billing period and the new billing period will be valid on your card.

Calculation features

All the nuances of calculating the grace period and calculating interest depend, of course, on the length of the billing and payment periods.Let's look at a specific example.

The billing period begins to be calculated from the moment you received a credit card at a bank branch or activated a previously received one. Let's say it's October 1st. Then within a month you spent 20,000 rubles. November 1st (October 1st plus 30/31 days) will be the end of your first billing period. The bank will calculate how much of the credit limit you have spent during this period and send you an SMS notification (this service is not provided by all banks; in some, to obtain this information, you need to call the call center or look in the Internet bank). In our example, it will be 20,000 rubles.

By the way, during the grace period, you can continue to use your credit card within the remaining limit. For example, before November 21st you spent another 10,000 rubles. What is the nuance? If you do not want to pay interest for using a credit card, you must deposit ALL money spent on the card by November 21st. In our example, this will be 30,000 rubles (20,000 spent in the billing period and 10,000 spent in the payment period).

Let's say you haven't paid off your debt in full. It's okay - by the end of the grace period (November 21), you need to make a minimum payment (depending on the terms of your card: if 5% - then in our example it will be 1,000 rubles, if 10% - then 2,000 rubles) and interest for use 20,000 rubles. The exact payment amount will be contained in the statement that the bank will send you at the end of the billing period (November 1).

An interesting period is from November 1 to December 1. This is the period of time when the second billing period is in progress and the payment period is still ongoing (until November 21st). What does it mean? To use the card for free, you must repay the entire amount spent from October 1 to November 21. But the calculation of the minimum payment amount and interest for November will be made on December 1 (at the end of the second billing period), based on the outstanding balance. In our example, it will be 20,000 rubles (spent in the first billing period) minus 2,000 (minimum payment on November 21) plus 10,000 (money spent in the second billing period) - a total of 28,000 rubles. From this amount the bank will calculate the minimum contribution amount until December 21 (end of the second grace period) - 2,800 rubles and interest from 28,000 rubles. And so on.

Grace period from the moment of the first purchase

Let's consider this example under other conditions - when the calculation period begins from the moment the first purchase is made. This is the most convenient option for the consumer, because... in this case, you can apply for a card, but not use it until you need it. In addition, interest calculations will be carried out fairly.

For example, you received a card by mail on October 1, and made your first purchase for 20,000 on October 28. This means that the end of the billing period for you will be November 27 (October 28 plus 30 days), and the end of the grace period will be December 17 (October 28 plus 50 days) - before this date you must repay 20,000 plus the entire amount that you still spend before 17 December.

Fixed payment period date

Some banks “simplify” life for both themselves and their clients: they fix the end dates of the billing period and payment period with certain calendar dates, regardless of when you issued a credit card or started using it. Typically, banks set the first day of the month as the end of the billing period, and 25 or 20 as the end of the payment period.

For example, you issued a card on October 10, and made the first payment of 20,000 on October 20. All the same, on November 1, the bank will calculate the debt for the first billing period in the amount of 20,000 and will expect you to repay either the entire debt or make the minimum payment by November 20.

How do different banks calculate the grace period?

Alfa Bank has different grace periods for different types of credit cards: for traditional cards, a 100-day period is provided, counting from the date of receipt of the card. In this case, the billing period is 30 days, and the payment period is 70 days. If you are applying for a co-branded card (in partnership with some company, for example, Aeroflot or Cosmopolitan), then the total grace period will be only 60 days (30 days for settlement and 30 for payment).

and Home Credit are provided on the same terms - the calculation period (one month - 30/31 days) begins from the card issue date. The payment period is 20 days, that is, the total duration of the interest-free period is 50 or 51 days (depending on the number of days in the month).

Russian Standard Bank has a total interest-free period on credit cards of 55 days. Of these, 30 days are the billing period (counting from the date the card was issued), 25 days are the payment period.

But atThe calculation period begins from the moment the first transaction is made, and not from the moment the credit card is issued or received. The billing period is also 30 days, and the payment period is 25 days, so the total is 55 days.

Features of using the grace period

Remember that the interest-free period usually only applies to non-cash payments for goods and services (both at points of sale and online). As a rule, the grace period does not apply to cash withdrawals from ATMs, replenishment of electronic money accounts, and non-cash transfers (for example, through Internet banking systems). In most banks, when withdrawing funds from a credit card through an ATM, you will first pay a cash withdrawal fee (approximately 2 - 3% of the withdrawal amount), and then also monthly interest on this amount (even if you fully repay the debt before the end of the grace period) .

Upon signing (or plastic card service agreement), be sure to pay attention to the periodic payments that you will need to make. There are no more commissions left, but monthly insurance, commissions for SMS notifications, fees for annual card maintenance, for example, remain. What's the catch"? Banks directly write off these payments directly from your credit limit without acceptance. And then they charge interest on it as if you were the one who made the transaction.

Pay attention to the specifics of debt repayment. As a rule, the fact of debt payment is not considered the date when you deposited funds onto the card through an ATM, terminal, or bank cash desk, but rather the moment when the money is credited to your card account. Even within the bank itself, money can take 1-3 days from the cash register to the account (alas, this is from personal experience). And if you pay via mail, payment terminals, or other banks, the crediting period may be longer. So always plan to pay off your credit card debt early—don't leave it until the last day.

So, if you really decide that you need a credit card with a grace period, but at the same time you don’t want to pay the bank an “extra” penny, then the only sure way is to pay only by bank transfer and at the same time completely pay off all debt to the bank before the end grace period.

How to find out the amount of debt? Typically, banks send an SMS notification on the last day of the billing period, which contains information about the balance of all debt on the card, as well as the minimum payment that must be made before a certain date. Woo-a-la: the balance of the debt is known, the deadline for payment is also known. Before this date, pay off the debt in full (deposit money onto the card at least in parts). Try not to spend money during the payment period. Well, or before date X, return what you spent.

Sberbank of Russia, along with debit cards, offers Sberbank credit cards. The Sberbank credit card and its grace period of 50 days are very popular among clients. The bank issues credit cards of various classes based on the Visa and MasterCard payment systems. But there are also many nuances that clients often do not know, and therefore do not take advantage of all the benefits that the grace period of a Sberbank credit card provides.

If we consider Sberbank credit cards with a grace period, then we can distinguish two stages:

Reporting– up to 30 days, during this period of time it is possible to use the limit, after which the bank will send a report on expenses.
Payment– lasts 20 days, during this period you can make partial or full repayment. The main thing is that at the end of the loan there is no debt on the credit card, otherwise interest will be charged.

If the credit card holder has used the limit, the terms of working with the card imply mandatory monthly repayment. If the client did not go beyond the grace period (LP), he can repay the full amount of the funds used, and no interest will be charged. Otherwise, once a month you must make the minimum payment provided by the bank. If the loan funds were used, but the borrower did not make even the minimum payment, then a delay occurs. In this case, the bank charges a penalty for non-payment of the debt.

Sberbank provides its credit card holders with the opportunity to make expenses for 30 days, and does not accrue interest. And after that, it provides up to 20 more days to repay the debt. That is, the total LP time is 50 days.

Proper use of drugs provides many benefits. You can borrow until payday or solve other financial problems. And without paying the bank a penny. Many clients do not use loans as a matter of principle, but are happy to sign up for a credit card to get additional opportunities for free.

Rules for using a Sberbank credit card during the grace period:

It is recommended to connect online services to your credit card. This will allow you to constantly monitor the balance. When spending, you will receive an SMS notification about the amount and amount of debt. The bank also sends a letter with information about the amount of the monthly contribution. Internet banking will allow you to view statements 24/7/365 remotely.
Sberbank sends a report on card transactions by e-mail. It also sends other important information regarding the use of a credit card, so you need to monitor the letters.

You need to pay it off once a month to avoid sanctions from the bank.
The grace period of a Sberbank credit card for new expenses works even if there is already an overdue debt. But the opportunity to use without interest will be available only if the client pays off the arrears on previous payments.
When depositing money, you need to take into account the time it arrives. When using different repayment channels, the time it takes for funds to arrive on the card may take a day or more. You need to control this moment, try to pay off earlier and better receive confirmation of receipt of funds from the bank.

How to calculate

The bank's website now offers the ability to calculate the grace period for a Sberbank credit card. A special online calculator is perfect for those who are using a credit card for the first time or are not sure that its calculation is accurate.

The online calculator works like this:

the client must enter information about the report date, interest rate, amount and date of purchase in the appropriate fields;
after clicking the “Calculate” button, the system will show information about the number of days of use without accrual of interest and indicate the deadline for repayment.

The card holder can independently calculate the grace period for his Sberbank credit card. It is better to generate a statement containing detailed information for each operation.

When calculating, you need to take into account the fact that after generating the report, the client is given up to 20 more days to deposit funds. Therefore, the LP itself will be larger - this also includes the length of time between spending and generating the report.

Calculation example

If we take as a basis the fact that the bank generates a report on the client’s expenses on the 1st, then calculating the LP is simple - you need to add another twenty to the number of days remaining until the end of the month. In our specific case, the LP will be a full 50 days.

The grace period for Sberbank credit cards is a clear example:

an expense report was sent to the client’s email on 04/01/2017;
this date is the beginning of a new LP;
debt for transactions that were carried out during the period from 04/01/2017 to 04/30/2017 must be repaid no later than 05/21/2017.

That is, if you use the card on the last day of the month (04/30/2017), then the client will have only 20 days to repay.

The duration of the grace period of 50 days is arbitrary; it may vary depending on the number of days in the month. Thus, the shortest interest-free period falls in February.

How to determine the beginning of the grace period

The new grace period begins the day after the date on which the report on previous expenses was generated. The number of LP days does not depend on whether the card holder used money during this period or not, and decreases every day.

For the owner of the Sberbank card, the grace period begins from the day when the first money was written off from the card as a loan.

The beginning of the grace period can be found out in your personal online banking account or by calling the credit institution’s hotline. It is important to find out the date when the first loan was made. The next day is the beginning of the interest-free period.

The LP ends on the day when repayment must be made, otherwise interest will be charged for using the money. Payment can be made on any day between the date of purchase and payment. The bank indicates the repayment date in the summary provided to the client, which can also be found by using the Internet bank.

Sberbank reminds clients that the LP is coming to an end by sending a corresponding notification to the client’s phone. This allows you to minimize the risk of delay.

High-end cards have more features than regular credit cards. This is a preferential premium card from Sberbank “Visa” or “MasterCard”; its owners are provided with a wider range of services and more advantageous offers from the bank, including card servicing.

As for the grace period, premium service does not apply to it, that is, premium card holders use LP in the same way as holders of other credit cards. For them, too, its duration is up to 50 days.

Can it be prolonged?

Sberbank provides standard conditions for the interest-free service period for all credit cards. It is impossible to change it. The bank will not extend it to one specific client or group of clients, since this is technically practically impossible and not economically profitable.

If the borrower is unable to repay the card debt by the end date of the LP, he can use the following recommendations to prevent the occurrence of overdue debt:

pay the minimum monthly payment, but in the next LP he will also need to repay the accrued interest for using the credit limit;
borrow money from friends or another bank and pay off the debt on a Sberbank card.

The last option is rather not a recommendation, but a practice used. But before doing this, you need to analyze the feasibility of such a step, as this may lead to additional costs. Moreover, it is difficult to get a new loan, and the emergence of new obligations is accompanied by the need to spend additional time on repaying another loan, calculating the payment amount, visiting the creditor bank, etc. Therefore, before going to extremes, it is better to think several times.

At the time of receiving a credit card, before signing the agreement, the client needs to study the terms of the loan, the rules, how to use the product, ask the bank manager in detail about the LP, the monthly payment, and study the nuances. You need to clearly understand when the grace period begins and ends, whether there are any additional commissions, how to calculate the grace period, etc.

We must also remember that in addition to expenses initiated by the client himself, there are others that should not be forgotten:

card maintenance fee (usually charged once a year);
fees for using paid services;
insurance payments.

All these payments are debited from the card, including through the credit limit. As a result, a debt may arise, and if it is not repaid on time, interest will be charged.

LP is a convenient tool that can be used by anyone who has a SB loan. It allows you to save on interest - you can borrow from a bank, but no interest will be charged, provided that the money is repaid in full on time. The main thing is to take into account all the nuances, since an error in calculations can lead to interest charges or even arrears.

To attract customers to credit cards, banks introduce grace periods for them. They allow you to use cards without interest, provided that customers return the money within the specified period. A credit card can become more profitable if the borrower uses the grace period correctly.

You will learn more about how to properly use the interest-free period in this article. Here we explain how the interest-free period works, how to calculate it correctly and how to benefit from it. We will also tell you what pitfalls you may encounter when using this option.

(or grace period) is an interest-free period that applies to all expenses that the client pays using a bank card. This means that for a certain time a bank client can use credit funds from the card without interest. The period consists of two parts: a settlement period, during which you can use the card, and a payment period, during which you need to repay the debt.

For example, if the grace period for lending is , then it consists of the reporting period (30 days) and the payment period (20 days).

If the reporting period began, for example, on June 8 and a purchase was made on the same day, then the card holder has a period of 50 days to pay off the debt without overpaying a single percentage - until July 27. If the purchase of goods using a credit card was made, for example, on June 22, then until July 27 there remains a period of 35 days to pay the entire amount of the debt without overpayment of interest (that is, 20 days of payment and 15 days of reporting periods).

Most banks offer credit cards that offer an interest-free period of up to 50-60 days. Less common are offers that you can use for 100, 120 or even 200 days without interest.

At the end of each month or on the date the card is issued, the borrower is issued a statement. It indicates the full amount of the debt and the period by which the borrower must repay the funds. Typically, the debt repayment period is 20 days from the moment the statement is generated. In order not to overpay interest on the loan, no later than the date indicated in the statement, the client must pay the loan debt in full. If you meet the grace period, the bank can extend it for the same period.

For example, a borrower's credit card statement is generated every month on the 1st. On April 1, the credit card debt was 0 rubles. On April 2, the borrower purchased a laptop for 20,000 rubles using the card, then on April 10, he paid for a dinner at a restaurant for 2,500 rubles using a credit card, then on September 20, tickets to a concert were purchased for 3,000 rubles. It follows that as of May 1, the borrower’s credit card debt will be 25,500 rubles. If he repays this debt in full by depositing 25,500 rubles onto a credit card before May 20 (before the payment date indicated on the statement), then no interest will be accrued on this amount of money.

If the borrower spends funds from a credit card the next day after the account statement is drawn up, then he can use the money completely free of charge within the grace period, the period of which is 50 days, that is, 30 days in the current month before the bank draws up the next statement and plus 20 days until the date of repayment of all debt.

If the borrower cannot pay off the debt in full within the specified period, then this does not entail anything particularly terrible. In this case, the borrower will be able to make the minimum payment to repay the debt, and the bank will charge interest on the remaining debt for the use of loan funds in accordance with the terms of the loan agreement.

Duration of this period
Calculation and payment period start date
The procedure for repaying debt during the payment period

All this information can be clarified in the contract or from bank employees.

Let's look at the most common options and examples of calculating the grace period:

The billing period begins from the day the card is issued and lasts until the end of the calendar month, and the payment period lasts until the 20-25th of the next month. During this period, you must pay the entire amount of the debt. After repayment, a new payment period begins, which lasts until the end of the month, and then there will be a payment period equal in duration to the previous one.

Example:

On June 12, Vasily Streltsov issued a credit card. Until June 30, he paid for her purchases. From July 1 to July 25, he had to return the amount spent so as not to pay interest. Streltsov closed his debt on July 10, the day his salary was paid. The new billing period will last until July 31, and the payment period until August 25.

The billing period begins and ends on the day the statement is received (usually coincides with the card issue date). The payment period also lasts 20-25 days or is valid until the end of the month. The new billing period will fall between the repayment of the debt and the date of receipt of the next statement

Example:

Evgenia Koshkina issued a credit card on September 3. Her billing period is counted between the dates of receipt of the statement. Until October 3, Evgenia paid for purchases with a card, then she must repay the debt by the end of the month. She managed to make the payment on October 11, and the new billing period will last until November 3.

Both the billing and payment periods last until the end of the month in which they begin. The new billing period will last until the end of the same month in which the payment period began.

Example:

Roman Arsenyev issued a credit card on March 7. Her billing period lasts until the end of the month, and her payment period lasts throughout April. On April 9, Arsenyev completely paid off the debt, after which a new billing period began, which will end on April 30. The payment period will last until the end of May.

The billing and payment periods are not tied to specific dates and are fixed. They can be counted from the day the card was issued or the first purchase was made. A new billing period will begin after the completion of the payment or full repayment of the debt. In rare cases, with this scheme, a grace period is set separately for each operation

Example:

Irina Kuznetsova received a credit card on January 20. Three days later she paid for her first purchase. The billing period has begun, which lasts 30 days - from January 23 to February 22. The payment period lasts 20 days - from February 23 to March 15. Irina paid off her debt on February 26, and the new billing period will be valid until March 28.

The grace period lasts more than two months, and it cannot be divided into settlement and payment parts. In this case, it will be necessary to make minimum payments every month during this period - from 5-10% of the debt amount excluding interest. Payment must be made before the end of the month, or within some period after the date of receipt of the statement or period countdown. By the end of the grace period, you need to pay off the remaining debt in full. The period is counted from the date of issue of the credit card or payment for the first purchase

This scheme is used, for example, with the “100 days without interest” credit card from Alfa-Bank.

Example:

On November 7, Nikolai Kulagin received a credit card with a grace period of 120 days. The period began to apply on November 13, when Nikolai paid for the first purchase. Now he will have to make minimum payments within 20 days from the 13th of each month. He will have to completely pay off his debt by March 13 next year.

Expenses made in the payment section are not taken into account in the previous billing period. Moreover, they may cause the grace period to expire, causing you to pay interest. Try not to spend money from your credit card during the payment period - it is better to pay off the debt and wait for the start of the new billing period.

Examples of large banks

This bank has different grace periods for different credit cards:

Traditional cards - 100 days from the date the credit card was received. During the term, you must make minimum payments, and the remaining amount of the debt must be repaid at least 20 days before its end.
Co-branded card (partnership with other companies, for example, Aeroflot) - the total preferential lending period is 60 days. The billing period is 30 days. Payment - 30 days

Sberbank counts the billing period from the card issue date. The payment period in this case is 20 days, and the total period of preferential lending is 50 or 51 days (this depends on the number of days in the month).

The total duration of preferential lending on cards from Russian Standard Bank is 55 days, of which 30 days is the calculation period (it is counted from the date of issue of the card itself) and 25 days is the payment period itself.

In this bank, the calculation period begins from the day the first credit card transaction is made, and not from the moment the borrower received it. The settlement period at Tinkoff Bank is 30 days. Payment - 25 days. The total is 55 days.

How to make money during the grace period?

People who have long been familiar with the principle of the grace period use this service to benefit from credit cards. They use the grace period in conjunction with other options and banking products to generate additional small income. Banks do not stop and sometimes even encourage this use of credit cards.

To make earnings more effective, it is necessary that the card has free service without conditions or with simple conditions, and no commission for cash withdrawals. SMS notifications, if they are paid, can be disabled - a mobile application is suitable for tracking transactions.

There are two ways to earn money on a credit card with a grace period:

Through a debit card with interest on the balance, savings account or deposit with partial withdrawal. You pay all your expenses with a credit card, and keep your personal money on a debit card, account or deposit. On the maturity date, you transfer the payment amount from your account to your credit card. As a result, you pay no interest on the loan and receive income from your debit card or account

You can sign up for multiple credit cards so that you can use the billing period of one during the billing period of another.

Due to cashback. Here it is important to choose the right card with suitable bonus program conditions. Try to choose a credit card with increased bonuses in the spending categories in which you make purchases most often. Cashback should be awarded in rubles or points, which can be easily exchanged for rubles. The further procedure is the same as in the previous method: pay for purchases with a credit card and repay the debt with money from a debit card

It is important not to spend more during the grace period than you can repay - if you do not repay the amount in full, you will have to repay the debt with interest. To make money from credit cards effective, you need to correctly calculate your income and expenses and follow the basic rules of financial literacy.

What is the benefit for the bank?

People who encounter a grace period for the first time often do not understand how such an option can be beneficial to the bank. They think that the organization will not be able to make money from those who pay off debts without interest. However, the bank continues to earn money even from clients who comply with the grace period:

The bank charges a fee for issuing and servicing the card, SMS notifications, cash withdrawals and other services - for example, providing statements or re-issuing before the expiration date. There are offers that waive all or part of these fees, but they are rare and not available to all customers.
The bank takes a commission from stores for conducting non-cash transactions. This commission can be up to 2-3% from each purchase, and with frequent and large expenses, the income from it can be quite significant. Many banks encourage non-cash payment by cards in order to receive more money through commissions - for this they introduce discounts, bonuses and cashback
The bank continues to make money on its other products - for example, consumer loans, mortgages and business services. A large bank with a large number of clients will benefit from them more than from credit cards. At the same time, with the help of a credit card, the organization will be able to more effectively “tie” the client to itself - he is more likely to use other products

In addition, not all holders comply with the grace period - they have to pay interest on the credit card. There are usually more such clients than those who pay off their debts without overpayments. Therefore, the presence of an interest-free period will not prevent the bank from benefiting.

What is the catch of the interest-free lending period - pitfalls

People often find that the interest-free period on a credit card turns out to be unprofitable or inconvenient. The actual conditions of the grace period may differ greatly from those stated in the advertisement, and various pitfalls may appear in them. Most often, the catch when using the interest-free period is associated with the following nuances:

Start date of the grace period and its duration. It can be counted from the beginning of the next month, from the date of signing the agreement and issuing the card, from the date of the first transaction or making the first payment. Less commonly, it may start from the date the application was submitted or the card was produced. As a result, the total duration of the period may be several days or weeks shorter than advertised. A new billing period will not begin until you pay off the debt in full.
Definition of grace period stages and the procedure for repaying the debt. The payment period, like the billing period, can be counted in different ways - from the beginning of the month or from the date of receipt of the statement. It is usually possible to repay the debt only in its entirety - for credit cards with a long grace period it may be inconvenient. At the same time, the bank continues to calculate interest - after the end of the period, it can amount to a fairly large amount
Operations covered by the period. This option almost always does not apply to cash withdrawals and card-to-card or account transfers. Many clients do not know about this and when withdrawing money or transferring money they are faced with high commissions and interest charges. For this reason, we do not recommend paying for utilities using a credit card using the details
Renewability of the grace period. Many banks resume the grace period after full repayment of the debt (including if the period was violated). This period may be shorter than the first and may be subject to more restrictions. For example, Avangard has credit cards with a grace period of 200 days. But this offer is valid only when you first issue a card; after the end of the period it is reduced to 50 days

How to avoid the pitfalls of the grace period?

When applying for a credit card, always carefully read the agreement to understand all the terms and conditions of the product. Pay attention to the section on the grace period - it should clearly state the principle of its operation. Read the reviews of those who have already issued credit cards at the bank you are interested in. Knowing the real conditions of the interest-free period, you can avoid potential problems when using it.

What should you consider when applying for a card with a grace period?

You need to find out how much it costs to maintain the card per year, the cost of insurance and other commissions and payments (for example, SMS banking). For example, a borrower decided to get a MasterCard Standard credit card in . Servicing such a card per year costs 750 rubles. Let's assume that he was approved for a loan with a limit of 40,000 rubles. Thus, if you do not use additional services on a credit card and make mandatory payments on time, and on average spend up to 40,000 rubles per month on this card, then the cost of using credit funds for the borrower will be less than 2% per year.

It should be clarified in which cases the preferential lending period does not apply. Very often it does not apply if the bank client:

Withdraws cash from a card through an ATM or bank branch rather than using a credit card for non-cash payments for goods or services
Spends funds from the card at the casino
Transfers from your credit card to deposits
Buys traveler's checks
Transfers funds to electronic wallets

You also need to pay attention to the specifics of making debt payments. Most often, the debt payment date is not considered the date when the borrower deposited money onto the card through a terminal, ATM or bank branch, but the moment when the funds are credited to the client’s credit card account. It happens that even in the internal network of the bank itself, money can “travel” from 1 to 3 days, from the bank’s cash desk to the credit card account itself. If the borrower pays through the post office, various payment terminals, or other banking organizations, then the period for crediting funds to the account may be much longer, which is confirmed by the experience of many clients of various Russian banks. It is necessary to plan in advance the date of repayment of credit card debt. Under no circumstances should you leave everything until the last day.

How to find out the amount of debt?

As a rule, banks send an SMS message on one of the last days of the billing period, which contains information about the balance of the total debt on the credit card, as well as information about the amount of the minimum payment that must be made before the specified date.

Now we know the balance of the debt, the last payment date is also known. Before this day arrives, it is necessary to repay the debt in full (deposit funds onto the card at least in parts). You should try not to spend money from the card during the payment period, or return it before date X.

What to do if you are late with your payment?

A person cannot always meet the grace period - he may not have enough money to pay off his debt completely. In this case, you will need to make a payment on the date the credit card is issued. The grace period will end and interest will begin to accrue on the debt amount.

Then you can repay the debt in full or in parts without any restrictions. The payment amount can be any, but it must be higher than the minimum payment. The minimum payment is usually part of the debt (usually 5-10%) and the sum of all interest accrued on the debt.

Try to make minimum payments or larger amounts if you cannot meet the grace period. Otherwise, your debt will be considered overdue, which means that fines and penalties will begin to accrue on the amount of the debt, and your credit history will deteriorate. If you still have arrears, make the minimum payment as soon as possible or, if possible, pay off the debt completely.

Infographics

A short-term loan from a banking institution is an operation that can help a huge number of people achieve specific goals. Today, such lending is available in many Russian banks, and Sberbank PJSC is no exception. One of the types of short-term loans in this organization is the issuance by a client of Sberbank of a credit card for 50 days without interest. We will talk about it in more detail and the principles of its provision in the material presented below.

A credit card from Sberbank for 50 days without interest is a regular credit card, which differs from others only in the presence of a grace period. The essence of the latter is that during the 50-day period the possibility of repaying the debt is interest-free. That is, for a certain period of time, a client who has issued a credit card can use borrowed funds completely free of charge.

To be more precise, a loan without interest for 50 days at Sberbank is provided in the following order:

The client issues a credit card with a 50-day credit grace period.
After this, from the day following the moment the credit card is issued, a person has the right to make payments on the card for 30 days using the grace period. That is, all money received after this period will be subject to interest.
In the remaining 20 days or any of the entire 50 days, the credit card owner can repay the debt without paying any interest. All loan funds not paid within this period of time will be subject to the interest rate that applies to the type of credit card issued.

As you can see, a credit card from Sberbank for a period of 50 days works quite simply. You can use such a credit card as a completely ordinary one, not forgetting that it has a grace period, which slightly modifies the terms of debt repayment.

Please note that the client who issued it has the right to use such a credit card entirely at his own discretion, for example:

make purchases or pay for services using the Sberbank Online service;
make payments by bank transfer;
cash out at an ATM.

Note! Cash withdrawals often involve a fee, which is also not subject to interest if the entire debt is paid within the grace period.

Now that the main provisions for credit cards for 50 days from Sberbank are covered in detail above, it would not be amiss to pay attention to their advantages and disadvantages. Among the advantages of this type of lending it is worth highlighting:

The huge banking network of Sberbank across Russia.
High credit limits.
Free service and information.
Availability of bonus programs when using a credit card.
Acceptable conditions for issuing a card.
Possibility of not paying interest.

As for the disadvantages of loans for 50 days, we note:

Availability of commission.
Almost always - a requirement for proof of income.

As you can see, the Sberbank credit cards we are considering today have noticeably more advantages, which clearly characterizes their essence.

To conclude today’s material, we will consider the main issues regarding credit cards of Sberbank PJSC with a grace period. Today, current or potential clients of this bank often ask the following about “50-day plans”:

What is the card limit?– Determined strictly based on the type of credit card chosen by the client.
How to find out the card limit? – Send from the phone linked to the credit card an SMS message with the text “BALANCE 2121”, where “2121” is the last 4 digits of the card, or go to your personal account on the official Sberbank website.
What are the limits for interest rates on credit cards at Sberbank?– From 20 to 35.
How is card debt paid off?– In any way convenient for the client – in cash at an ATM, bank or by bank transfer.
What is the commission for withdrawing funds or performing other card transactions?– No more than 4%.
Is proof of income always required?– Very often, but issuing a card with a limit of up to 100,000 rubles often takes place without confirmation of income by the client.

This concludes, perhaps, the most important information on the topic of today’s article. In general, there are no difficulties in understanding the essence and design of a Sberbank credit card for 50 days. We hope the material presented above was useful to you. Good luck getting a loan!