Period of use of the credit card. How to use a Sberbank credit card with a grace period
Credit cards are very popular, and people use this banking product every day in shopping centers, the Internet, and also make various cash payments. However, not all people know how to use a credit card. In this article, we will consider the rules for using credit card Sberbank of Russia.
A plastic card allows you to withdraw cash from self-service devices, make various payments for services and goods. A credit card has a large number of features that every cardholder should learn about.
Sberbank credit card activation
When receiving a credit card, the client is given a special envelope that contains a personal four-digit code necessary for making any financial transactions. In some cases, a banking specialist may offer the client to independently come up with a personal code.
Make sure that your name and surname are written in Latin letters on the front side of the plastic without errors. If the card is not registered, then there will be no information about the owner. FROM reverse side credit cards, be sure to put your signature, it is necessary
.
After receiving the banking product, it will be automatically activated within one day.
Payment by Sberbank credit card
If you decide to pay for your purchase with a credit card, then simply hand it over to the cashier. Before that, you need to see that the logo of the desired payment system is drawn on the checkout.
In some cases, they may ask for identification documents: driver's license, passport data, and others.
To confirm the transaction, you must enter your PIN code or sign the receipt. But before that, be sure to check the entire amount on the check, as the cashier may make a mistake.
In case of refusal of your purchase, you must present the card and receipt to the seller, as well as return the goods. As a result, the cashier will carry out the operation to return the goods and transfer to the card account. Any checks are recommended to be kept for at least six months.
Getting cash from a credit card
Cash can be withdrawn at special self-service devices with the necessary function, as well as at the cash desk of Sberbank.
If you decide to use an ATM, you must follow these steps:
- Check that the terminal accepts cards of your payment system. Usually there are corresponding logos on the ATM.
- Insert a credit card into a special receiver.
- Follow detailed instructions on the screen.
- Enter your personal code. It is important to note that if the password is entered incorrectly three times in a row, the card is blocked for two days.
- Enter the withdrawal amount.
- Take a credit card, bills and a check. This must be done within 45 seconds, otherwise the ATM may hold banknotes.
Payment by credit card via the Internet
In the age of modern technology, it became possible to pay with a credit card on the Internet. To do this, you do not need to leave the house and wait for your turn. All operations can be performed from your computer or mobile device connected to the global network.
Pay with a credit card only on trusted sites that provide a secure connection during a financial transaction.
To make the necessary payment, in most cases, you must enter the 16-digit card number, the expiration date of its validity, your name and surname in Latin, a special 3-digit code on the back of the credit card.
To confirm the operation, you must enter the control code, which is sent to the number cell phone. After successful payment, a payment notification will be sent to your phone.
It is important to note that some foreign websites do not accept credit cards from Russian banks. Therefore, before paying, you need to check this information.
Individual limits on the card account
If necessary, you can independently set certain limits on the use of funds from the credit card balance. Restrictions can be set for the following operations:
- Any financial transactions.
- Withdrawal of funds.
- Implementation of non-cash transactions.
To set individual restrictions, you should contact the Sberbank office where the card was issued and write an appropriate application.
Special regime of the Sberbank card
Sberbank of Russia offers all credit card holders a special service called Special Regime. It is intended for the client to indicate the countries in which he is going to use the credit card. If the operation is requested in a country not specified by the owner, then it will be rejected without fail.
You can activate or deactivate this service, as well as specify the countries in which transactions are allowed, in your Sberbank Online personal account. If this is not possible, then you should contact customer support.
Use of credit funds
The credit card is very convenient and easy to use. The client withdraws money, pays with a card or makes a payment. Resulting in, credit limit reduced by the amount of the payment or purchase. Every month you must make a payment, not lower than the minimum amount. After that, the credit limit increases again and it can be used for its intended purpose.
To control borrowed funds, you should order a report on your operations and account status. This information can be obtained by e-mail, mobile phone, telephone contact center or in the personal account of the remote service.
Mandatory payment on a Sberbank credit card
In order to use credit funds, it is not necessary to immediately repay the entire debt. For this, there are mandatory payments that must be made every month. Payment amount:
- Not less than 5% of the debt.
- Amount exceeding the limit.
- Percentage for use borrowed money.
- Fines, forfeit, various commissions.
The payment schedule must be provided to the borrower along with the loan agreement.
Credit card interest
- According to the tariffs specified in the loan agreement, interest begins to accrue every day after the debt on the loan has formed.
- Interest stops accruing after the debt is fully repaid and there is no debt.
Missing a mandatory payment
If for some reason the mandatory monthly payment was not made on time, this amount will be added to the next payment. In addition, late fees must be paid.
Grace period for loans
Sberbank of Russia provides an opportunity not to pay interest. This is only possible if the spent credit funds were returned within 50 days after they were spent. It is important to note that such a period is valid in the case of non-cash payments, if funds were withdrawn from the credit card, then the grace period does not apply. If you are unable to repay the amount owed specified period, then interest will be charged on credit cards, according to the loan agreement.
Safe use of a credit card
For the safety and security of borrowed funds, it is necessary . Thus, you can avoid fraudulent activities.
- To prevent the funds on the card balance from being available to third parties, never write down your password on the plastic of the card. Do not share your personal code with anyone. When paying online, no password is required.
- Keep your credit card in a secure place. Do not store the card near electrical appliances, try to exclude mechanical damage.
- In case of damage, loss or theft of a credit card, it must be blocked urgently. To do this, you need to contact banking specialists.
- Remember that Sberbank employees never ask for your card PIN. Therefore, if you receive a call asking you to provide data, then never do this and report this case to the support service of Sberbank of Russia. Also, do not respond to such messages.
Paying off credit card debt
Paying off your credit card debt is easy. You just need to replenish the card balance before the due date, according to the payment schedule. There are many ways to repay the debt, so each borrower can choose the most suitable method.
- Bank transfer from bank card Sberbank. Such an operation can be performed in self-service devices, in the personal account of Sberbank Online, as well as using the Mobile Bank service. Funds will be credited to your account within a day.
- Cashless transfer from any card of financial institutions. To replenish, you must specify all the details of the credit institution and the owner of the credit card.
- Cash in terminals and ATMs that support this function. Funds arrive almost instantly.
- At the box office of any commercial financial institution.
Sberbank credit card report
Every month credit institution sends a report on the movement of borrowed funds to the owner of the credit card. This allows you to control the flow of money and make timely payments on mandatory payments. The report contains the following information:
- Reporting period. That is, the time for which the bank report was generated. Usually it is 30 days.
- Loan information. Interest rates, limit, available funds.
- Mandatory payment. The amount of the minimum payment for using the loan. The date of payment is also indicated.
- grace period conditions.
- Movement of funds on a credit account.
- Detailed report.
- And other information.
Additional credit card information
- After the expiration of the bank card, you should contact the nearest representative office of Sberbank. Most likely a new product has already been released.
- If the ATM did not return the credit card, then you need to contact bank employees so that they block the card.
- If you cannot remember your PIN code, then you should contact the representative office of the bank where the credit card was issued.
- In the event of a change of place of permanent residence, it is necessary to report this fact to financial institution during one week.
- If you change your cell phone number with the Mobile Banking service activated, you must disable it.
- When you change your last name, you need to order a new credit card.
Follow simple rules using a Sberbank credit card and your funds will always be safe.
A credit card is an easy and quick way to get a loan from a bank. A huge plus of the product is a revolving credit line, that is, the repaid amount becomes available to you again. But is it so easy to understand the conditions of lending, does the loan agreement always give exhaustive explanations of the mechanisms for calculating interest, the effect of the grace period and possible penalties? Let's figure it out together...
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How credit cards work
Credit card is
"a banking product designed for non-cash payments in cash within the limit".
Money withdrawn from the card must be returned and must be paid for.
A credit card will always have:
- credit limit;
- interest rate;
- service fee;
- commission for cash withdrawal;
- fines and sanctions for violation of the terms of the contract.
Under certain conditions, commissions may be zero, interest may not be charged - these are the conditions for lending.
The main advantage of credit cards over consumer loans – account renewal, the money deposited in the form of repayments becomes available to you again. No need to re-collect and submit documents, just do not violate the terms of the contract.
Are you also scammed on the internet? Have you been deceived by a broker, bookmaker or online casino? Write, call, leave a request, and together we will force the scammer to answer for your scams. We cannot be silent, time is against us. Submission of documents for chargeback is limited by the terms of the regulations!
Best regards, Unicorn team
The concept of "credit card cost" includes the totality of all interest and commissions charged by the bank for various card transactions. The lion's share of the cost is the interest rate for using the loan.
Let's see how these percentages are calculated.
Interest is calculated by the bank every day and is displayed as a total amount at the end of the billing month. Contracts always state annual rate, to calculate the daily rate, we divide it by 365 in a normal year and by 366 in a leap year.
For example, 29.9%/365 = 0.0819178% per day
Let's take a look at the calculation procedure with an example.
Credit card limit - 60,000 rubles, rate - 29.9%
12.04: expense 12,000 rubles.
30.04: receipt of 6,000 rubles.
May 31 - You want to repay the loan in full.
April 13: 12,000 * 29.9% / 365 = 9.83 rubles.
…
04/30:12,000 * 29.9% / 365 = 9.83 rubles.
30.04: an extract has been generated - total amount% \u003d 18 days * 9.83 \u003d 176.94 rubles.
April 30: repayment of accrued interest - 176.94 rubles.
repayment of the main debt - 5823.06 rubles.
May 01: 6,176.94 * 29.9% / 365 = 5.06 rubles.
…
May 31: 6,176.94 * 29.9% / 365 = 5.06 rubles.
31.05: an extract was generated - the total amount% = 31 days * 5.06 = 156.86 rubles.
To completely close the debt, you must pay: 6,176.94 + 156.86 = 6,333.80 rubles.
When calculating interest, there are always errors not in favor of the borrower. All invoices are processed automatically, you should not think that a mathematical mistake has been made somewhere. A deviation of up to 2 rubles for every 1,000 is considered normal.
All interest and penalties accrued on the loan are reflected in the bank on a separate account, they will never be deducted from your limit. Without your participation, they can only write off the fee for using the card (monthly or once a year), commission for cashing out, commission for transfer, etc.
At the time of replenishment of the card, funds are automatically distributed in the following order:
- fine;
- forfeit;
- fine;
- interest;
- loan body.
If the amount of your contribution is not enough to pay off all the “charges”, you will not get to replenish the card.
What is a grace period
In Russia, the first real credit card with grace periods (grace period) appeared only in 2005 after changes were made to tax legislation.
When there were few such cards on the market, banks charged a fee for connecting to the service, increased the annual service, and commissions for accounting for the amount of obligations. Today, everything is much simpler and, having carefully studied the offers of various banks, you can really find a credit card with transparent grace period conditions.
Grace period for loans- the number of days during which the bank does not charge interest on the amount of the debt.
You can use this period only for non-cash withdrawals; the service does not apply to funds cashed out at an ATM.
The start of the grace period will be the day of the transaction, but the end date will depend on the calculation scheme approved by the bank.
The most common grace period calculation schemes.
1. Calendar month +
The scheme is practiced by most banks and in the terms of lending is listed as “grace period - up to N days”, where N is the number of days.
This means that the grace period will be equal to the number of days before the end of the month + (N - 31).
For example, 50 days = 31 days of the current month + 19 days of the next month.
If you spend the money on the 1st and there are 31 days in the month, then your debt will indeed not accrue interest for 51 days.
And if the operation takes place on the 31st, then use grace period You only have 19 days left.
Advantages of the scheme: a fixed date for the end of the period and the ability to draw up a clear repayment schedule (for example, every month until the 19th day).
Disadvantage: if you do not meet the specified deadline, interest is charged for the entire time the money is used.
2. Fixed period
Each purchase is subject to a separate grace period of 30 days.
It is necessary to independently track the repayment date for each withdrawn amount - and this is the main drawback of the scheme.
Example - grace period 30 days,
01.05 - payment of 500 rubles.
10.05 - payment of 2,000 rubles.
On 01.06 you will have a debt of 2,500 rubles, but 500 had to be paid off before 31.05, and 2,000 could be used until 09.06.
You will either have to keep all checks, or visit the bank regularly and take account statements, or maintain a multi-level repayment schedule. The next day after the end of the grace period, you will be charged interest for the entire time you use the money.
It turns out that I use the credit line absolutely free of charge?
Even if you pay credit card only through terminals, always keep within the grace period and make payments regularly, remember - credit cards have a fee for issuing / reissuing, annual commissions, paid connections to insurance programs.
Carefully read the loan agreement and never sign it without reading all the additions and annexes specified in the paragraphs.
Credit card repayment schedule
A distinctive feature of credit cards is the absence of a fixed debt repayment schedule.
Firstly, it is simply impossible to schedule a revolving line of credit, and secondly, the bank does not oblige you to withdraw money at all - there is no need to credit funds you don't use.
As a result, many borrowers have a misconception about their obligations.
Indeed, you can withdraw, replenish the card within a month without restrictions, but it is still worth keeping track of the timeliness of the payments.
- Set your own payment period.
- Install for yourself minimum size payment - banks offer to return 5% of the debt every month, but this scheme only works in favor of the bank (the longer you return, you pay more interest).
- Try to keep within the grace period of the loan.
Consider an example of calculating the repayment schedule (assume that the grace period cannot be used).
Purchase paid - 35,000 rubles.
Rate - 34%
Monthly service fee - 99 rubles.
You want to close the debt in 10 months.
1. We divide the main debt by 10 months
35,000/10 = 3,500 rubles/month
2. Calculate interest
I month - 12 days (from the next day from the date of purchase to the end of the month) * 35,000 * 34% / 365 = 391.23 rubles.
3. Payable on the last day of the month: 3,500 + 391.23 + 99 = 3,990.23 rubles.
If your payment goes through on the 1st of the next month:
II month - 30 days * (35,000 - 3,500) * 34% / 365 = 880.27 rubles.
Payable in the second month: 3,500 + 880.27 + 99 = 4479.27 rubles.
The interest rate will decrease every month and you will get a classic differentiated schedule, i.e. reduction chart.
Consider the same example, only with minimum payments:
I month you will pay 5% of the debt
35,000 * 5% = 1,750 rubles, of which:
interest - 391.23 rubles.
commission - 99 rubles.
body - 1,259.77 rubles.
II month you will pay 5% of the debt
33,740.23 * 5% = 1,687.01 rubles, of which
interest - 30 days * (35,000 - 1,259.77) * 34% / 365 = 926.24 rubles.
commission - 99 rubles.
body - 661.77 rubles.
Approximately, you will repay the loan for 4 years with all the ensuing overpayments and commissions.
Exceeding the credit limit
You can exceed the limit on a credit card under two circumstances:
- the level of the card allows you to carry out operations in off-line mode;
- you withdraw money where there is no instant data exchange with the processing of your bank (for example, abroad).
Exceeding the limit is considered your mathematical mistake - you simply could not correctly calculate how much money was left on the card: you did not take into account the conversion, the blocked deposit at the hotel, etc.
For a mistake, the bank punishes with a one-time fine + interest for each day. As a rule, the accrued interest rate is slightly higher than that provided for by standard rates.
What to do?
- Pay off debt as quickly as possible with all fines.
- Keep track of your card account balance, especially when traveling abroad.
What will happen for late payment?
Each loan agreement prescribes penalties for violation of the terms of the installment. minimum payment.
They did not make a payment on time - 500 - 1000 rubles were added to the debt, they missed the payment and next month - another 2000 rubles. In addition, banks charge penalties as a percentage of the amount of debt.
After 3 months from the date of the last payment, the bank may require you to return the debt in full and cancel your line of credit. Also, the bank can block further withdrawals, stop accruing bonuses, disable the "cash back" service.
Credit card debt is divided into 4 stages:
- up to 30 days;
- from 30 to 60;
- from 60 to 90;
- from 90 days.
By analogy with other products, at each stage, the bank leads the debtor different ways: sends SMS - messages, calls, sends letters, influences through relatives.
Which card to choose?
At the moment, almost every first bank offers its own credit cards. From my experience of use, I can recommend the Tinkoff Bank card, in addition to attractive conditions, they offer one of the best Internet banks and it is possible to carry out any operations remotely, without visiting the bank.
Hello, friends!
A credit card is a popular type of banking product. People are increasingly using them to pay for goods and services. But do we know all the rules of use?
Practice shows that it is not. If you get acquainted with the reviews of credit card holders, then many subtleties of handling this tool become clear. Therefore, today we will analyze how to use a credit card correctly so as not to be left with an empty wallet and a damaged credit history.
Are you thinking about getting a credit card? Then it's time to study the conditions under which it will become an effective payment instrument in the hands of a financially literate person. And you are exactly like that or strive to become one, because at least you read thematic articles on finance. Do you agree?
Every year, banks try to simplify the procedure for issuing a credit card. In most cases, the client can fill out a questionnaire on the site without leaving home and wait for a decision on extradition. After the application is approved by the bank, you receive a credit card at the office of this financial institution, by mail or courier. As a rule, the card is issued in a sealed envelope. After opening it, you will find the card itself and instructions for activation.
The procedure is not difficult. Sometimes you need to contact the bank through the channels remote service(for example, in Tinkoff Bank) to activate the card. But in most cases, even this is not required. In Sberbank, it becomes available for use the next day after receipt.
Upon activation, you will receive a PIN code, which you will need to use an ATM or to enter Personal Area on the bank's website. It is also sometimes requested at places where goods and services are purchased. Mandatory safety rules:
- Do not share your PIN with anyone. Emphasis on the word NOBODY. Even bank employees, if they introduced themselves that way. And, of course, sellers in shops or waiters in restaurants.
- Do not write it down in a notebook or phone. Don't write anywhere.
- Try to enter your PIN without anyone noticing. For example, covering with a hand.
- Do not enter it if there are many people nearby. You will not be able to control the process.
- Do not enter the code at ATMs that are suspicious from your point of view.
Carefully inspect the receiver, there should not be any foreign objects, overlays.
Cases of fraudulent actions with cards have become more frequent. For example, my friend posted an ad on a popular resource for the sale of a children's bike. The “buyer” called her and offered to pay by bank transfer. He asked me to provide not only the card number, but also its expiration date and CVV / CVC code (the last 3 digits on the back). As a result, a friend lost 50,000 rubles.
To transfer money, only the card number or account number is enough.
Don't forget to sign your card on the back.
We figured out the activation of the card. Now let's move on to its direct use. What is the main desire of the credit card holder? Use other people's money and pay nothing for it. Normal desire. But there is another side - the bank. What does he want? Earn on you. Our task is to ensure that these desires of the two sides do not come into conflict. We must learn not to pay the bank.
Correctly calculate the grace period
In my idea of an ideal credit card, in the first place is the presence of a long grace period for returning money to the bank. The longer the better. But it is equally important to learn how to calculate it correctly.
The main differences between the grace period in different banks:
- duration of the period (from 50 to 120 days);
- what it applies to (for all card transactions, including cash withdrawals, or only for the purchase of goods and services);
- calculation method;
- period honesty.
I will dwell on the last two concepts in more detail.
The grace period can have a different calculation technology:
1. From the date of the beginning of the billing period.
The next day after the preparation of the bank's report, the countdown of the interest-free period begins. For example, in Sberbank, the settlement period is 30 days. Then there is another 20 days to fully repay the loan or make the minimum payment. The total grace period is 50 days.
Honest or dishonest grace period? These terms were not invented by banks, but by their customers.
Imagine a situation. You spent some amount of money during the billing period and returned only part of it by the end of the grace period. As a result, you start paying interest. In the new billing period you do not have an interest-free period until you pay off your debt in full. Honestly? Users think not.
With an honest grace period, a 0% loan rate is valid in each billing period. The main thing is that the minimum payment is made.
Before you order a credit card, ask how the grace period is calculated. Otherwise, you may find yourself in an unpleasant debtor situation.
How to repay a loan
Have you forgotten that at the beginning of the article we agreed not to let ourselves be confused and try to use the bank's money without paying a penny for it? Then remember the rule that must be strictly followed.
If you do not want to constantly go into debt with the bank, then repay the entire amount of money spent before the end of the grace period. If you make only the minimum payment every month, then you will pay the bank a rather large percentage for using its funds.
What I mean? Banks give the opportunity to choose any of the proposed loan repayment schemes:
- Payments not less than the mandatory minimum payment.
Banks set it as a percentage of the principal amount of the debt and set another minimum limit. For example:
- in Sberbank - this is 5%, but not less than 150 rubles;
- in Alfa-Bank - 5%, but not less than 300 rubles;
- in Tinkoff Bank - no more than 8%, but no less than 600 rubles.
So that you are not seduced by the word “minimal”, read again the rule that we adopted with you a little higher. Of course, the temptation to repay a small loan amount each time is great, but the interest accrued later will be much higher.
- Repayment of any amount greater than the minimum.
There is absolutely no difference with the first option. In any case, you find yourself in debt and give the bank exactly what it opened a credit card for - income.
- Fully close the entire loan amount.
This is the only way to avoid paying the bank interest on its money. Use them during the grace period credit period, but before it ends, have time to pay off the amount of the debt in full. Only in this case the bank will not be able to earn on you.
Cash withdrawal
A credit card is not intended for cashing out money, although it does provide such an opportunity. It is on this service that banks earn the most. Look at the fee you will pay if you decide to cash out the bank's money:
- in Sberbank: 3% of the amount, but not less than 390 rubles;
- in Tinkoff Bank: 2.9% + 290 rubles.
In Alfa-Bank, you can withdraw up to 50,000 rubles a month. no commission, provided that the debt is repaid before the end of the grace period. If you withdraw more than the stated amount, you will pay a fee of 3.9% to 5.9% on the difference.
Do not consider a credit card as your wallet. Firstly, this is not a wallet, and secondly, not yours. A credit card is intended for non-cash payments and then only in extreme cases. For example, the refrigerator is broken or the only winter boots are torn, and there are still a couple of weeks before the salary. But you should not use the card for daily purchases in supermarkets.
How to properly use the bonus program
Each bank has a loyalty program, the main goal of which is to attract as many customers as possible not only with attractive rates for credit cards, but also bonus programs. In this case, different options are possible:
- Refund of part of the funds spent under the cashback program in the form of points.
The percentage of return can vary from 0.5 to 30%. For some banks and above. But here we must understand that high interest cashback is given only on certain purchases.
Points are equal to rubles. It is beneficial if the accumulated points can be paid in any store. Some banks, such as Sberbank, allow you to spend bonuses only in partner stores. And by Tinkoff map Platinum - only in the restaurant and when buying railway tickets.
Another nuance is related to the observance of certain conditions when calculating cashback. For example, using the Cash Back card from Alfa-Bank, in order to become a member of the program, you need to spend at least 20,000 rubles. per month on the card.
- Refund of part of the money spent under the cashback program in miles and other units (for example, tripcoins).
The difference from the points system is that you accumulate miles, tripcoins, etc. This is actively used by travelers or people who spend a lot of time on business trips. As a rule, the accumulated units can be exchanged for railway or air tickets, hotel reservations, car rentals.
For me, the best option is the one in which I am not tied to any partner store. I get a certain percentage of every purchase paid by the card, and I can spend it on anything.
Closing credit cards
The procedure for closing credit cards is approximately the same in different banks. It is necessary to pay off existing debts and inform the bank of your decision to close the credit card 30 days before terminating the contract.
The card belongs to the bank, so he may demand to return it.
Conclusion
Let's summarize. I decided to do this in the form of a summary of the main rules for using credit cards, which we talked about throughout the article.
Rule 1. Get a credit card only if you have a regular income. You should not consider it as a means to hold out until the paycheck. Remember that this is not your money and you must pay it on time or pay for the delay.
Rule 2. Do not withdraw cash from a credit card. For this, the bank takes a rather large commission (exceptions are banks for which the cash withdrawal operation is included in the grace period).
Rule 3. Learn how to correctly calculate the interest-free period. You always have access to remote service channels where you can clarify information.
Rule 4. Repay the loan on time and preferably the entire amount of the debt before the end of the grace period. This way you avoid interest charges.
Rule 5. Follow security measures and do not fall for the tricks of scammers.
That, perhaps, is all. If you want to learn more about the criteria for choosing a credit card, then check out the article and their proper use.
Subscribe to our blog, because there is still a lot of interesting research ahead.
Sberbank offers its customers a variety of services, the main ones being debit and credit plastic cards. The popularity of the latter from year to year only increases, which is not surprising. The convenience of their use cannot be overlooked: having appeared in the bank once, you can not think about finding funds. At the same time, the plastic holder must be on the alert: after a certain period, interest “drops”, which must be paid on time. To use a loan on the most favorable terms for yourself, you should know the rules for using a Sberbank credit card.
Activation
Regardless of which credit card was issued for the owner, it must be “launched”. Sberbank issues blocked cards so that no outsider can use the funds in the account linked to it. After checking the correctness of writing personal data on the card, you should proceed to its activation. This will require a Sberbank terminal. The procedure does not take much time and boils down to the following sequential steps:
- Insert the card into the terminal.
- Enter the PIN code indicated in the envelope (in some cases, the owner of the payment plastic comes up with a secret combination of numbers).
- Perform any operation (get information about the balance, make a payment, etc.).
- Pick up the card from the terminal.
If the activation procedure was not performed by the client on their own, nothing bad will happen. The card is automatically unblocked within 24 hours after it is received at the bank.
Cash withdrawal
The rules for using a Sberbank credit card cannot but include such an item as cashing out funds. The account holder can withdraw money at any terminal, however, the cost of the service will be different. A commission is charged each time a transaction is made to issue funds from a credit card. The "native" terminal of Sberbank will additionally write off 3% for its services (minimum 390 rubles), and the devices of other banks will request 4% from the same the minimum amount commissions 390 rub. For example, when withdrawing 100 r. the account balance will decrease by 490 rubles. This money is considered spent, and interest on the loan is also charged on them. Therefore, it is advisable to include in the following paragraph: withdrawing small amounts of money is unprofitable, the best option would be to cash out 10 thousand rubles. and more.
In addition to the commission, credit cards have a one-time withdrawal limit of 50,000 rubles. Holders of "gold" type plastic Visa Gold and MasterCard Gold have the opportunity to immediately cash out 300 thousand rubles.
Cashless payments
Using money without even holding it in your hands is doubly convenient and profitable. You do not need to carry an impressive amount of banknotes with you, being afraid to “shine” them in society. In addition, the doors to any online store are open to the user. Without leaving home, you can pay for any purchases and services where supported
If funds are needed in a store, restaurant or other institution, you need to ask payment terminal. A card is inserted into it, a PIN is entered, after which a transaction is carried out. If there are enough funds, it completes successfully. At the same time, the owner of the credit card does not pay a penny of commission and receives bonus points under the program "Thank you from Sberbank". Cashback is 1.5 bonuses for each ruble in the first three months of using the card and 0.5 b. after they expire. The accumulated points can be used to pay for purchases.
It is even easier for owners of "golden" credit cards to make non-cash payments: the cards support contactless technology PayWave/PayPass payment. To do this, just bring the card to the payment terminal. You do not need to enter a PIN or sign a check.
Is it possible to “bypass” the withdrawal fee?
Entrepreneurial people, having learned about the high fees for cashing out, are trying to find other methods to withdraw money. An elementary Card to Card transfer or replenishment of an electronic wallet comes to mind. Unfortunately, these methods will not work with a Sberbank credit card. The card simply does not have such functionality: transfer funds to any bank card(even your own) or replenish with its help online wallet impossible.
There is still one option for urgently withdrawing money from a credit card: you need to replenish your mobile phone account, and then withdraw funds through the payment system of the telecom operator. The commission is still charged, but it is a smaller amount. The method will take much more time and effort and promises dubious benefits. But it will help keep the grace period. One more point should be included in the rules for using a Sberbank credit card: it is worth cashing out funds only as a last resort. The procedure not only threatens big commission, but also deprives the owner of the most important benefit of a credit card - a grace period.
How to stay in the "plus" from the loan?
The rules of use seem quite simple: having spent funds from the account, they must be returned. Without delving into the essence of the process, many are undermined by easy money and remain in debt to the bank for an impressive amount. How to properly manage funds and not get into debt? Everything is simple. The bank provides the client with a grace period during which you can use funds at a rate of 0%. By returning all the money before the set time, the cardholder wins: he did not overpay a penny, plus he received bonus points.
The rules for using a Sberbank Visa or Mastercard credit card to get the maximum benefit from a loan are as follows:
- spend funds only in a non-cash way;
- correctly calculate the grace period in order to have time to deposit money before interest is accrued;
- Don't forget to pay your card fees on time.
Before spending money from a credit card, you should think carefully about whether it will be possible to repay the amount before the end of the grace period. Otherwise, you will have to pay a considerable percentage to the bank.
About the essence of the grace period
Before applying for a loan, a bank employee announces the rules for using a Sberbank credit card. The grace period for such products is 50 calendar days. But it is not always clear to the user what time the countdown starts and when the debt should be repaid.
The structure includes two terms: 30 days for purchases and 20 days for redemption. The first period of time is called the billing period, it starts from the moment the credit card is activated. You can also get it from bank employees. This is a certain day of the month that remains constant. For 30 days (sometimes 31), the cardholder makes payments, after this period, an extract-notification of all funds spent, the amount of debt and the minimum payment arrives. There comes a payment period - 20 days, during which the borrower is obliged to pay off the bank.
How profitable for yourself to repay the loan?
Within 20 days, the cardholder must make a payment. At the same time, the profitability of the transaction depends on the borrower himself: if you pay exactly the amount that was spent in the billing period, then there will be no overpayment as such. You should be attentive to the condition of granting preferential repayment at a rate of 0%: the rule applies only to non-cash payments. When withdrawing funds, interest will be accrued on the amount of withdrawal (plus commission) daily, so you need to return this money as soon as possible.
If you cannot repay the entire amount within 20 days, you must make at least a minimum payment of 5% of the funds spent. This also includes commissions (for cash withdrawals, card maintenance, paid services), interest on transactions that are not included in concessional lending, and fines (for late payment, exceeding the credit limit). The situation will continue monthly until the client repays the entire amount, including interest. In this case, there is no need to talk about a zero rate.
Note to credit card holders
The article discussed the main actions that the owner of the loan will have to face. Let's summarize the rules for using credit Gold card" will be as an example:
- the card is activated using the terminal with the introduction of a PIN code;
- cash withdrawal is fraught with spending additional funds (3% of the amount, at least 390 rubles) and daily accrual of interest on the amount of cashed money + commission;
- it is possible to repay the amounts spent by non-cash payments during the grace period;
- it is more profitable to spend funds at the beginning of the billing period, so almost 50 days will remain for interest-free use;
- if it is not possible to repay the entire amount, at least the minimum payment recommended by the bank (5% of the expense + commission) should be made, while the balance of the debt will accrue daily interest in the amount of 17.9-23% per annum (for gold cards), which will have to be paid in the next period with part of the principal debt;
- Funds spent in a billing period will be credited to next month and are not subject to current payment.
Credit card is very convenient financial instrument if you know how to use it correctly. However, in practice, you can encounter a number of mistakes that plastic holders make. As a result, they overpay tangible amounts, which does not allow them to save money and spend it in a more profitable direction.
3 mistakes when choosing a card
Choosing a credit card is a very important decision. Indeed, today on the market you can find several dozens and even hundreds of offers from various banks. Among them there are more and less profitable ones, so you should try to avoid common mistakes when choosing.
Rejection of alternatives
Often borrowers receive a credit card from the same bank that serves salary card. At the same time, the bank offers "personal" or "special" conditions, which can actually be quite profitable. On the other hand, before making a decision, it is better for the client to familiarize himself with at least 2-3 offers from other banks in order to choose even more convenient conditions.
Waiver of bonuses
A credit card is not just a credit limit itself, but also additional features in the form of bonuses, the return of part of the funds from purchases. It is better for the borrower to carefully study the offer of the bank and choose a card with profitable program. For example, if a person rarely travels by plane, it makes no sense for him to use the bonus miles offer. It is better to issue a credit card with a refund of part of the amount from any purchases.
Terms of Service
You also need to carefully study the contract, especially those clauses that describe the conditions for servicing the loan, calculate the interest rate, the tariff for banking services, mobile bank etc. For example, it often happens that a bank provides a free service for the first year, and then charges 1,000-3,000 rubles annually. You can find other cards that are serviced free of charge under certain conditions throughout the entire period of use.
7 mistakes when using
This is the main group of errors that is most often observed in practice. You can meet a large number of wrong decisions of borrowers. Here are the most common ones.
Minimum payment
Skipping the minimum payment is the most obvious and very gross mistake. Moreover, sometimes users who have a lot of credit cards simply confuse or forget about the next date, which is also unacceptable. To avoid this, it is enough to connect SMS informing or just keep track of the dates yourself, writing them down in any convenient way.
You can also set up auto payment - a certain amount from the salary card will be debited monthly (until a specific date) in favor of a credit card. It is important to understand that violation of the payment deadline threatens not only with tangible fines, but also with deterioration credit history.
Misunderstanding the amount owed
Paying only the minimum payment is a very common mistake that leads to a deterioration in the financial situation of the borrower. Minimum payment- This is about 5-8% of the total debt.
However, most of this amount will be interest payments and banking service. Therefore, in reality, no more than half of the payment amount will be spent on repaying the debt. At this rate, you can pay off only for a few years and with a large overpayment.
Incorrect use of the grace period
Usually it is about 50-55 days (less often - 100 days, sometimes - up to six months). During this time, the borrower does not pay interest, even if he made a purchase with a card (provided that he did not withdraw cash). However, it is important to calculate correctly in order to use it as long as possible.
It lasts from the date the card report was generated to the next such date plus 20-25 days. Details should be clarified at the bank branch or by calling the hotline.
Cash withdrawal
For such an operation, the bank charges an additional commission. In addition, the grace period does not work in this case. At the same time, sometimes the bank can hold promotions, reducing or even zeroing out the commission for cash withdrawals. However, in any case, such actions should be resorted to only in the most extreme cases.
Excessive spending
A very common mistake. Worst of all, it is common to almost all credit card holders. Interestingly, according to statistics, when making purchases with a card, a person usually spends 20-30% more than in cash, which he would be ready to give at that moment in time.
This is due to the peculiarities of psychology: it is much harder to part with your personal money than with “virtual” credit funds. Therefore, large purchases must be planned in advance, and for ordinary expenses it is better to make a list, while relying only on your own funds.
Exceeding the credit limit
A certain limit is always set on the card - for example, 100-200 thousand rubles. Most borrowers believe that it is impossible to get out of it; if the limit is exceeded, the bank will simply refuse to carry out the operation. However, in practice, very often the user has the opportunity to exceed the limit.
Such services are called differently "overlimit", "overlimit", etc. For these operations, the bank charges additional fees, and they are very noticeable. For example, a purchase for only 100 rubles on top may result in a commission of 390 rubles and accrual large percentages for each day of using this amount.
Open a large number of credit cards at once
There are a lot of such proposals today. SMS can be sent to the same person various banks: those where he used to take a loan, those that serve a salary card (or previously served a salary account with former employer) etc. It is not uncommon for borrowers to seek out as many credit cards as possible by making the most of these offers.
Subsequently, this can lead to excessive spending, late payments, worsening credit history. Therefore, it is worthwhile to adequately evaluate both your financial opportunities, and needs, so as not to literally drive yourself into debt.
3 Security Mistakes
These mistakes can lead to the most financial damage. If you do not take into account elementary security requirements, unauthorized persons will gain access to the card. This can happen for various reasons.
Storing the PIN together with the card in one wallet
In fact, the envelope with the PIN code must be destroyed immediately after the holder has memorized the combination. The most convenient way to change your PIN is at an ATM - usually this is done in 1 minute, and there is no commission for the operation. You can create a single code for all cards - then the risk of forgetting the combination practically disappears.
Making purchases on dubious websites
Today, users make a lot of purchases online, in most cases the transactions are successful. In order not to be exposed to fraudulent activities, you need to make a purchase only on verified services (for example, using the Verified by Visa technology).
Transfer of any data related to the card to third parties
The transfer of the PIN code and SMS passwords (when making a purchase) to any person, including a bank employee, is excluded. The rest of the data (number, expiration date, etc.) can only be given to representatives of the bank if necessary.
2 errors when closing
And 2 more wrong decisions may occur at the stage of closing the card. They represent opposite situations that can equally harm financial position borrower.
"Liquidation" on one's own initiative
The client stops using the card, fully repays the loan, and then simply eliminates the plastic (after the expiration date indicated on the front side). However, termination does not mean automatic closure. loan agreement. Often the bank simply reissues new map, for which you also need to pay a service fee.
hasty decision
On the other hand, the client is often in a hurry to get rid of the card without foreseeing the situation when he might really need it. a small amount money. Subsequently, you have to contact the bank again, and if the situation is urgent, you can apply for microloans at much higher interest rates.
Therefore, a credit card is quite a convenient tool (subject to moderate interest rate up to 20-25% per annum). It can not only help out its owner, but also allow him to save and even increase funds through bonuses and promotions. However, for this you just need to understand its functions and skillfully use it to your advantage.