Bank cards with an interest-free grace period: what it is and what nuances to pay special attention to

0% bank cards: benefits

The most sought-after product in a financial institution is 0% bank cards. They have many advantages:

• help save money when paying off a loan or making purchases;
• offer favorable lending terms;
• allow withdrawing cash from ATMs;
• available to almost all Russian citizens;
• allow choosing a product that meets the user's needs from a large number of cards;
• no established daily limits.

Payment tools with a grace period allow withdrawing cash at any ATM that supports Visa or MasterCard payment systems. You can track account transactions and monitor expenses in your Personal Account.

How to order a 50-120 day interest-free credit card

You can apply for a credit card with a 100-day grace period from anywhere with internet access. To submit an application, you do not need to visit a bank branch; simply review the available options and choose the right payment tool. Click the virtual "Apply" button and fill out the application. Since this is not a loan, banks do not request detailed information. Most often — full name + phone number + passport details (copy). The entire application process takes about 5 minutes.

You can pick up the banking product yourself at the branch. Cards are sent by mail or delivered by courier service.

Персональный подбор

Подберем предложения под вашу ситуацию

Оставьте телефон — покажем варианты с высокой вероятностью одобрения и актуальными условиями.

• Проверенные предложения
• Без звонков от менеджеров
• Результат в удобном канале

Website

Phone required

Email for selection

Согласен на обработку персональных данных и получение информационных и рекламных сообщений. Privacy Policy. Также хочу получать персональные подборки в Telegram. Это необязательно, отключить можно командой /stop. Подобрать предложения

Main mistakes when using cards with a grace period: how to avoid them

To attract clients by advertising the product, financial institutions focus on the grace period rather than the interest rate. Statistics show that many credit card holders—whether it's 120 days without interest or other terms—fail to fit within the interest-free period. The reason lies not in the lack of funds. What is it? — let's figure it out.

• Many banks, when issuing a card with no interest for 60 days or more, use the preposition "up to" in their terms of use. This is the main parameter overlooked by cardholders.

The grace period is calculated in three ways, but the most popular is the billing and payment periods. The billing period is the time when the borrower uses credit funds, for example, from the 1st to the 30th. After 30 days, a statement is generated for all transactions carried out on the card during that month. After that, the payment period begins — the days during which the user must settle and pay off all debts. It takes 20-25 days. This time — 30 + 25 days — makes up the interest-free period.

You withdraw 20,000 RUB from the account on June 1, which means you need to return these funds before the 25th of the following month. If you withdraw money on June 10, you also need to return it before July 25. But (!) in this case, the grace period will be only 45 days.

Please note! Financial institutions can set the billing period from the card activation date, the date of the first purchase, or the plastic card issue date.

• Not all transactions are eligible for the grace period. Purchases may fall under the grace period, but you will have to pay interest for cash withdrawals at an ATM.
• Payments made through third-party institutions are credited to the account within 1-5 business days. This may happen after the end of the interest-free period.

Brief overview of bank cards with a favorable grace period

Many Russian banks offer favorable terms of use; the main thing is to read them carefully and follow the rules specified in the agreement.

• The longest credit card grace period — 120 days without interest — is offered by UBRR. The credit limit on the card is set up to 300,000 RUB, and there is 1.0% cashback on all purchases.
• ATB Bank offers up to 92 days without interest on its product — "90 darom". Thereafter, the interest rate will be 29%. There is 1% cashback. After submitting an application, a decision is made within 1 hour.
• The most popular credit card is the 120-day interest-free card issued by Alfa-Bank. It has a substantial limit — up to 1 million RUB, and a decision is made in 2 minutes.
• Classic is another 100-day interest-free card from Alfa-Bank. The grace period applies to both non-cash payments and cash transactions. There is a revolving credit limit on the card — up to 500,000 RUB. The maintenance fee is 590 RUB per year.

Credit cards with 50 days without interest are offered by various financial institutions, among them the "Zolotaya" card from Sberbank and the "Prosto" credit card from Citibank.

Who can apply for an interest-free card: holder requirements

Banks offer various types of interest-free credit cards, and each of them has its own requirements for users.

Main terms and conditions:

• Russian citizenship;
• registration within the country;
• age ranging from 20 to 60 years.

Depending on the type of interest-free card and limit, additional conditions may apply:

• availability of an additional document: foreign passport, military ID, or driver's license, etc.;
• official employment;
• full legal capacity;
• good credit history.

If you are interested in bank cards with 0% for using funds, using our service you can choose a banking product that offers favorable terms.