The Sberbank credit card issued to citizens of the Russian Federation for 50 days has a grace period, the terms of which consist of 30 days of the reporting period and 20 days of the payment period, respectively. Let's consider their basic principles and rules of use.
First of all, a credit card is very convenient; if necessary, money is always at hand, there is no need to borrow or postpone the purchase of necessary goods. And if you use it wisely, then it is beneficial: the grace period allows you to manage borrowed funds on a Sberbank credit card completely free of charge for a certain period of time.
Participants salary project The bank prepares loan offers in advance and issues pre-issued credit cards as part of on-site events.
You can also fill out an application for issuing a personalized credit card at any branch and receive it within 8 days. If funds are needed urgently, instant credit cards with a limited range of services are issued on the day of application.
The available credit limit is individual in each case; the financial institution sets it based on monthly income client. For users who pay debts on time, the limit may be increased.
The grace period for a Sberbank credit card is 50 days; within this period, funds can be used without interest.
IMPORTANT! Interest-free use of bank money is possible only with non-cash payments. When withdrawing cash, a fee is charged and interest is charged on the loan.
The rules for using credit cards state that if you do not meet the grace period of 50 days or the grace period, as it is also called, interest is charged on the borrowed funds. Further, the principle of operation is similar to a regular loan; a payment schedule is drawn up to repay the debt in equal amounts.
Advantages
The advantages of Sberbank credit cards are as follows:
- automatically renewable credit limit up to 600 thousand rubles;
- free connection to the Mobile Bank service;
- SMS notification about all transactions performed using the card;
- special technology for protecting purchases, including in online stores;
- grace period for 50 days;
- receiving one passport in 2 hours (available only for salary clients);
- the opportunity to participate in the “THANK YOU” bonus program;
- free annual maintenance;
- availability of special offers for citizens over 18 years of age;
- interest rates from 21.9% to 33.9%.
IMPORTANT! Interest rates depend on the type of card; in most credit cards they are fixed.
Flaws
Like any financial product, a credit card from Sberbank with a grace period of 50 days has its pitfalls:
- If you don't receive wages to a Sberbank card, a copy will be required to issue a credit card work book and documents confirming income.
- It is not profitable to withdraw cash; the commission is 3% of the requested amount and cannot be less than 390 rubles.
- Many users do not understand how the grace period is calculated and fees for using borrowed funds are calculated.
How to calculate the interest-free period
The grace period is 50 days and conditionally consists of two stages:
- reporting period, which is 30 days;
- payment period, which is 20 days.
IMPORTANT! The reporting period starts from the date of receipt of the credit card from the bank and its activation. The payment period is the next 20 days after the end of the reporting period.
If a credit card payment is made on the first day of the reporting period, you can use the funds interest-free for 50 days; if on the last day, then for 20 days. Expenses incurred on the first day of the billing period will be reflected in the next month's report.
An example of calculating the grace period. A Sberbank credit card and an envelope with a PIN code were received on March 9. The reporting period lasts until April 8. From April 8 to April 27 – payment period. Thus, the grace period is from March 9 to April 27.
A payment made on March 9 can be repaid within 50 days without additional costs, on March 29 – within 30 days, and, for example,
April 5 – for 23 days.
IMPORTANT! There is a calculator on the website of the Savings Bank of Russia where you can calculate debt repayment dates online.
After generating the report, the bank sends SMS messages notifying you of the total amount of debt, the minimum repayment amount and the payment date.
By repaying the entire specified amount, you will avoid paying interest. If it is not possible to pay, it is enough to make the minimum payment before the specified deadline, in which case fines and penalties will not be imposed. But interest will be charged on the remaining funds.
IMPORTANT! The balance of the debt can be viewed using the Sberbank Online service, or by sending an SMS message to number 900 with the word “DEBT”.
Even if the debt amount is not fully repaid, you can continue to pay by card, while the grace period will operate as calculated, and payments will be included in the next report.
Interest begins to accrue from the date following the end date of the preferential use. In case of partial repayment, usage fee Money bank is charged on the actual remaining amount.
You can repay your credit card in the following ways:
- deposit money through self-service devices similar to debit plastic;
- transfer by bank transfer from your accounts using the Sberbank Online service or the Mobile Bank service.
Types of credit cards
Credit cards with a grace period offered by Sberbank come in several types, which clients choose to use:
- gold cards;
- “Gift of Life” and “Aeroflot” cards;
- classic cards;
- premium cards;
- youth and instant cards.
MasterCard and Visa Gold cards
For most debit users salary card, The Savings Bank issues Visa Gold cards with free annual maintenance. The maximum issuance amount is 600,000 rubles, the fee for use is fixed - 25.9% per annum. Age restrictions: 21-65 years.
Visa Gold plastic is issued for three years, and the conditions in force at the time of the agreement do not change. One of the disadvantages of this type is that you cannot add several cards to a single account.
The advantages consist of the convenience of replenishing in cash and non-cash, carrying out transactions through remote services, unhindered use throughout the world within the payment system.
IMPORTANT! MasterCard and Visa Gold cards are offered by the bank individually to each user.
Gift of Life cards Visa Gold and Aeroflot Visa Gold
“Give Life” Visa Gold was created jointly with the same name charitable foundation to help children with serious illnesses. Assistance is transferred to charity in the form of 50% of the bank's income from operating plastic cards and 0.3% of the total funds of card transactions.
Aeroflot Visa Gold allows you to accumulate miles and exchange them for tickets and airline bonuses.
Youth cards and instant issuance
Visa and MasterCard Momentum are not registered and are issued instantly, within half an hour after registration of the application. The maximum issuance amount is 120,000 rubles, the use fee is 25.9%. One of the disadvantages is problems with use abroad.
IMPORTANT! Free annual service is possible if the bank has issued individual offer and approved the limit in advance.
Youth credit cards are issued with a limit of 200,000 rubles, a monthly service fee of 62.5 rubles and a user fee of 33.9%.
Own funds on a credit card
If the amount of funds on a credit card exceeds the limit, the difference is own funds client. When spent, they are written off first. No interest is charged when used.
IMPORTANT! When withdrawing cash, commissions and interest are charged even on your own funds.
Plastic credit cards enjoy great success in our country and throughout the world. They may vary according to appearance, features of use, limits, but almost all are the same in that they have a grace period. It allows you to use a loan without having to pay interest. In this article we will take a closer look at the grace period of a Sberbank credit card.
Features of the credit card grace period
Users of Sberbank credit cards can use bank funds for 50 days and not pay interest on the funds borrowed.The grace period of a Sberbank credit card is divided into two unequal parts:
- During the first 30 days, you can use Sberbank funds from the card at your discretion. In this case, the restrictions apply only to the size of the amount;
- The last 20 days are allotted to pay off the debt. If you top up your credit card account during this period, no interest will be charged for using Sberbank funds.
What happens when the credit card grace period ends?
If at the end of 50 days the loan is not closed, then Sberbank takes a percentage:- for instant debit cards it is 25.9%;
- for classic, gold and platinum cards it ranges from 25.9 to 33.9%%;
- for Youth cards – 33.9%.
What else do you need to know about delays?
In case of delay in replenishment, Sberbank takes a penalty, which is 36%. You must at least deposit the minimum amount indicated in the report. In this case, only interest on the loan will be charged, without penalties.Providing a debt report
Monthly reports contain the following information:- credit card payment dates;
- payment amounts;
- the total amount of funds borrowed over the past period;
- amount of debt to be paid. It may also include funds taken in the previous period.
It should be remembered that the grace period of a Sberbank credit card ends at the moment when the new period is already in effect. Funds taken during this time will not be shown in the report and you should always remember this. They will appear only in the next one.
How can I find out the amount to pay?
To control your expenses and not get confused about loans, you need to adhere to simple rule: timely pay the amount indicated in the report. To send reports, we use e-mail to the mailbox specified when drawing up the contract.
Using Mobile Banking you can control the movement of funds on your credit card.
In addition, you can check the operation of your credit card in Personal account Sberbank. To obtain the necessary information, you need to go into it and go to the “Maps” section. It provides all the information on expenses, debt amounts, and repayment time in a convenient form. You can generate a report at any time for any past period.
How to calculate the grace period of a credit card?
Mobile banking is convenient due to its efficiency. It allows after each payment credit card receive a message on mobile phone With complete information. In addition, the SMS indicates the date of return of money and the amount of payment.
Sample report
Let's take any date as a starting point, for example May 6th. As a result we get the following:- the reporting period will end on June 5, accordingly, on June 5 the report will be sent by mail;
- The deadline for replenishing the interest-free loan account is June 24;
- the next reporting period will begin on June 5;
- the next period for preferential use of funds on the card is until July 24;
Online calculation calculator on the Sberbank website
To obtain accurate information on the loan taken, you can use a special tool available on the website.
The service is an easy-to-use calculator. All necessary preliminary information is entered in its columns: time of payment by credit card and amount. After entering the data, the service issues deadlines and payment amounts.
Obtaining detailed information about the effect of interest-free conditions
Not every transaction during the grace period is interest-free. This must always be remembered. This rule applies to paying for services or goods with a credit card, but does not apply to receiving cash or lending money to friends. You can check the list of preferential transactions with Sberbank employees by calling the Contact Center or contacting a bank branch.Debt payment methods
The banking system can process any payment within three days, so it’s better to pay off your debt in advance. Any of the following options is suitable for this:- through the cash desk at any Sberbank branch;
- transferring funds from another account;
- via ATM or online banking.
How are funds distributed when transferring large amounts to a card?
The payment amount indicated in the incoming report is the minimum possible to obtain a preferential loan. It is permissible to list a large amount. Part of the funds will be used to pay off the debt, and the rest will simply be deposited into the account.When you use a credit card, it is important not to go beyond the grace period, otherwise you will have to pay interest. To prevent this from happening, you need to find out exactly how the grace period of a Sberbank credit card is formed, how long it lasts, when exactly it is applied, and then use its advantages.
How to use a Sberbank card for 50 days
During the grace period, the bank will not charge interest on funds spent on the credit card. Therefore, you can spend them as your own, use them, borrowing them as if from yourself. The longer the grace period, the better: there will be more time to top up your credit card.
Sberbank offers credit cards with a grace period of 50 days. However, it would be a mistake to assume that this time begins its reporting immediately after the purchase. To know how to competently use the grace period on a Sberbank credit card, you need to understand the principles by which it is formed. So, it breaks down into two time periods: reporting (Sberbank calls it settlement) and payment.
Features of the billing period
While this time lasts, the client can freely pay with a credit card in stores and on the Internet, and use it without fear of interest charges. For Sberbank clientele this is 30 days (50 days are divided into two parts). Calculation starts from the date of drawing up the report, which is different for each holder. So, it can be tied to a date:
- drawing up an agreement with the bank;
- actual issue of a credit card;
- salary transfers;
- making the first transaction using the card.
In addition, this date can be set arbitrarily depending on the agreement between the bank and the client. If you know on what day the report is generated, you can calculate how long the grace period of a Sberbank credit card lasts using the formula: 30 days from the report + 20 “spare” days. Therefore, you can spend the money provided by the bank free of charge for 50 days.
As soon as the reporting period ends, Sberbank sends the client a payment statement, which states:
- when and how much loan funds were spent;
- the total amount of debt to the bank;
- recommended minimum payment.
In order to fully use the advantages of a Sberbank credit card with a grace period of 50 days, the client will have to replenish the card account for the full amount of the accumulated debt until the payment period ends. Otherwise, the bank will charge interest in accordance with the selected tariff plan.
How to find out the due date of a payment period
This is the time allotted by Sberbank to repay existing obligations on a credit card. Of course, you can top up your card during the reporting period without any problems. This has its advantages, and if possible, it is better to pay this way.
If you pay off your debt within a month, then after the report date you will begin a new billing period. If the debt is not closed, then a payment period of 20 days starts.
To make it more clear, let us explain the features of applying the grace period on Sberbank credit cards using examples.
Let's say day X is set to the 5th. If a purchase for any amount takes place on March 7, the credit card holder will have 48 days to repay the loan debt, while avoiding paying interest. If you pay by card on March 10, then 45 days.
But if the client makes a purchase on April 4, i.e. just one day before the report is generated, then he will have only 20 days of the interest-free period - on April 5 he will receive an account statement. Therefore, it is better for him to wait a couple of days and complete the transaction after the reporting date.
And by analogy: if the report is generated on the 20th of a month, then to get the maximum grace period, it is recommended to make a purchase on the 20th or 21st, but not on the 19th.
Therefore, it is important to correctly calculate the grace period for comfortable use of a Sberbank credit card and not assume that the 50-day interest-free period begins to count immediately after making a purchase. It is necessary to find out the date when the report is generated and pay with the card after it in order to enjoy the benefits of credit cards for as long as possible.
An example of how to calculate a card payment
The maximum grace period for a Sberbank credit card is 50 days. This duration can be obtained if you make a purchase or transaction online on the reporting day. The minimum interest-free period is only 20 days, it is counted if you pay off your credit card in one day for day X.
While the interest-free period lasts, you can make any expense transactions, and no additional amounts will be accrued. The main thing is to pay off the debt before the end of the term. You can also top up your credit card in several tranches.
For example, the reporting period starts on the 1st. You spent 10 thousand rubles on the card on July 5 and another 5 thousand rubles on July 15. You must top up your card with 15 thousand rubles before August 19. For example, if you received an advance on July 20 and a salary on August 5, you will be able to cover the debt in two payments.
- date of the report;
- interest rate;
- the date when the acquisition is planned;
- approximate amount of expenses.
The calculator will show the deadline for making a payment, as well as how much you save on interest if you pay off the debt on time.
The nuances of using a Sberbank credit card
The cardholder should carefully read the terms of service so that later there are no misunderstandings about the rules for calculating interest and errors when using the credit card.
As soon as the interest-free period ends, under the terms of the Sberbank grace period, interest is charged on the credit card according to the tariff (the rate varies from 21.9% to 27% per annum). Every month you will need to deposit 5% of the balance of the amount into the account, as well as accrued interest.
The new interest-free period does not start immediately. The card holder must pay the bank in full by transferring the entire amount of the debt to the card account and wait until the reporting day arrives. Only after this can you count on benefits for the next month.
If you spend the money again before the end of the interest-free period, then there are two options (for convenience, we take the 1st date for the report date):
- The new purchase took place during the same reporting period. For example, you paid for the service on April 7, repaid the debt on April 15 and completed new purchase 20 April. The payment will be included in the current accounting period and will be due by May 20th.
- The purchase occurred during the payment period, i.e. within the final 20 days. It will be included in the new grace period. For example, if a purchase is made on May 5, then the new debt will have to be paid by June 20.
The easiest way to find out how long the grace period lasts on a Sberbank credit card is to contact an online bank or mobile application and ordering a card statement. It will contain all the necessary information, and you can easily carry out financial planning.
There are a few more nuances to consider when using a credit card:
- during the reporting period, you can use the card for any payments without restrictions;
- if you use an operation that entails the cancellation of the grace period, for example, cash withdrawal, you will have to pay interest on the entire debt;
- interest is accrued as soon as the 50-day grace period of the Sberbank card comes to an end, so it is in the client’s interests to close the debt as quickly as possible, before a significant overpayment accrues - so, by repaying the loan even a week after the grace period, you can save significantly ;
- penalties are accrued only in case of delay in mandatory payment;
- You can top up your account in several tranches; there are no fines or commissions for this;
- when translated using third party organizations- for example, other banks or systems like Qiwi and Western Union - it is better to top up your account in advance, since money can arrive in the account up to 5 days, and it is easy to be late without wanting to.
The exact conditions for using the credit card are specified in the agreement with the card.
Conditions for withdrawing cash from a credit card
Please note that the grace period only applies to certain payments. Thus, such operations include:
- payments in retail stores;
- shopping in online stores;
- payments for rent and other similar payments in Sberbank online.
But the Grace period does not apply in the following situations:
- if there was an internal transfer from a credit card to a debit card;
- if the client has replenished a virtual wallet (for example, Yandex.Money or Webmoney);
- When withdrawing cash from a Sberbank credit card, the grace period not only does not apply, but the bank takes an additional commission for “cash out” and also charges an increased interest (usually +1-2 percentage points).
Therefore, when using a credit card, it is better not to make unrecommended transactions in order to avoid additional costs.
Conclusion
So, the grace period on a Sberbank credit card is 50 days long and consists of two components. The first 30 days are a “step” from the report date, the last 20 days are “spare”. At the same time, spend funds throughout this period. To ensure a longer grace period, it is recommended to pay in the coming days after the report date. The Sberbank website has a special service that will help you make accurate calculations. You can also rely on these extracts. The grace period is not activated when performing operations not related to settlements, for example, when withdrawing or transferring credit funds.