When does credit card grace period begin? What is a grace period for a credit card - an overview of the most advantageous offers of Russian banks. What is the grace period

The first (and most popular) involves spending on the card during the reporting period (for example, from January 1 to February 1). The debt is repaid before the end of the billing period, which usually lasts 20 days. Suppose, from January 1 to February 1, the client spent 40 thousand rubles. Therefore, in order to comply with the conditions of the grace period, he needs to deposit these 40 thousand to the account by February 20. It turns out that a person has at least 20 days from the date of the last purchase to meet the "grace".

Banks can count settlement period not only from the first day of each month, but also from the day of the first purchase on credit on the card, the date of its issue or activation, from the next day after the bank generates a monthly statement on the card. Accepting such a scheme, banks announce that the grace period is up to 50 days (a month of the billing period and 20 days for which you can repay the loan free of charge). If the client does not fully pay off the debt, the bank will accrue interest on the entire amount of the debt formed in the reporting period. In other words, if out of 40 thousand rubles a person repaid 35 thousand during the grace period, the bank will accrue interest on all 40 thousand.

Expenses incurred by the cardholder in the current billing period may be covered in the next billing period. This allows the account to be in a constant minus, while it will not be charged credit interest... The client uses credit funds during the first month and in the next he continues to do so, until a certain date by depositing the amount of debt on the account at the beginning of the second month. And so on ad infinitum. Such clients received the unofficial common noun designation "graysoviki". According to this scheme, they provide Grace period banks "Avangard", Sberbank, "Russian Standard".

In a number of banks, the grace period may be suspended until full repayment debts by the cardholder, and interest for the use of the loan is accrued on the newly formed expenses. This scheme is used by Svyaznoy Bank.

The second option - the bank sets a certain number of calendar days during which transactions are preferential. For example, on March 5, a person used credit funds, from this moment 60 days are counted when transactions fall under the grace period. Let's say, from March 5 to May 4, a user spent 40 thousand rubles. Accordingly, on May 5, he must pay off all the debt in full. If the client made the last transaction, say, on May 2, then the grace period for this transaction will be only two days. In other words, this scheme does not include those 20 days after the last purchase, during which the client can repay the loan, but from the moment of the first operation the grace period will last two months. This scheme is used by Alfa-Bank. Moreover a prerequisite compliance with the grace period will be a monthly payment by the client minimum payment(usually it is 10% of the debt).

The third option - a grace period for crediting can be established for each individual operation, for example, 20-30 days from the date of its execution. Expenses are repaid by funds received on the card in the same order in which they were made. A credit card offer with this grace period calculation can be found in Moscomprivatbank.

In any case, a loan implies the need to pay interest for the use of borrowed funds and the time of its issuance is limited. Credit card differs from consumer credit the fact that the card can use the grace period.

Her credit line is called revolving, and if the client fulfills a number of bank conditions, then the interest under the agreement will not have to be paid either.

The essence of the grace period is that if the cardholder has time to pay off the debt to the lender in due time, no interest will be charged on the amount, a new grace period will begin, and the revolving credit line means that in the new month you can fully use your credit limit again.

Depending on the chosen organization, the size of the limit and the duration of the grace period may vary.

What are the calculation schemes?

More than half of all operating banks offer customers cards with a grace period of 50-70 days on average. But in each of them, the calculation scheme can be applied differently.

The most popular technique is when the settlement period is 20 days, and it includes all the expenses that were made during this time period.

Until the end of this period, the client will need to pay in full for the purchases made in the last month. The bottom line is that the entire grace period is 50 days, of which 30 days for the client is time for purchases (length of a month), and the remaining 20 are left for him to pay off the debt without interest.

If the cardholder decides to partially repay the debt, in this case, the terms of the agreement are considered unfulfilled, which means that he will have to repay the remaining amount plus interest accrued on the entire amount of the debt.

The second scheme is when a credit institution sets a period, for example 60 days, during which any transaction is called preferential.

We start the calculations by setting deadlines

This is necessary in order not to miss the time when you need to deposit money. Here you need to pay attention that not all banks have a grace period on the card starting from the moment of its activation or from the beginning of a new month.

It sometimes starts on the date of the first purchase made in that month. In any case, this is spelled out in the loan agreement, so the first thing to do is to study the terms of the agreement.

There are a number of transactions for which the grace period does not apply. Most often these are money transfers to other accounts and cash withdrawals from an ATM.

In order not to get into a mess and at the most inopportune moment not to find out that the grace period has been canceled, these moments also need to be monitored.

In any case, the debt must be closed before the end of the grace period. Usually it is 50-55 days, but if the bank sets more, then in this case the client will need to make a mandatory monthly minimum payment. These are the pitfalls of the grace period for a credit card.

While the client thinks that he has not yet made purchases in the new month, it means that the grace period has not begun, meanwhile it is almost coming to an end. Therefore, it is so important to read the terms of use. credit limit.

Advice! Always pay off the debt approximately 3-4 days before the expected end of the term of the interest-free loan. Some payments may take a couple of business days to process, be verified, or will simply be delayed due to technical problems... And then the client gets overdue and he wonders why it is necessary to pay interest on the credit card.

What is the billing period and how to calculate it?

The billing period is the time period when the cardholder can use the credit limit to make various kinds of purchases. During this period, a statement is prepared in electronic format or in writing and sent to the client by mail.

The beginning of this period may begin:

1. from the first day of spending on the card (purchase or payment for services);
2. from the issue and activation of the card;
3. from the preparation of the statement;
4. from the first day of the new calendar month.

If the calculation of the grace period for a credit card starts from the date of issue of the statement and is equal to 30 days, and since all transactions carried out during this time period are summed up, then the debt must be repaid by the deadline specified in the statement.

So try to log into Personal Area and find a card statement (in many banks it is sent to the e-mail indicated during card registration).

Example: if the date of the report is December 10, and reporting period is considered from November 9 to December 10, then all these expenses that were committed at this time must be covered in full by December 30. The payment period in this case is 20 days, conditions loan agreement will be fulfilled, which means that the client will not have to overpay anything.

Features of calculating the payment period

The payment period is the number of days that goes beyond the billing period and is assigned to the cardholder to pay off the debt. For example, using Sberbank cards billing period is equal to 20 days from the moment the report was generated, as we considered in the example above.

In order not to accrue interest according to the terms of the loan agreement, the amount must be paid in full, not in part. If repayment is untimely, interest will be charged in full on the entire amount owed.

Therefore, it is so important to correctly carry out the calculations correctly, if necessary, seeking help from a credit consultant. It is imperative to clarify not only the duration of the grace period, but also to find out exactly when the countdown begins.

Therefore, we wish you to be financially literate and not overpay to the bank, if there is an opportunity not to do so.

More about the map

• 100 days Without interest on the loan;
• Limit loan up to 500,000 rubles;
• Interest rate from 14.99%;
• Price annual service from 1190 rubles;
• Free replenishment and withdrawal of cash;
• Free internet banking;
• Free mobile bank.

Map from Tinkoff Bank

Issue a card

More about the map

• 55 days No interest on the loan;
• Interest rate from 12%;
• Installment at 0% up to 12 months;
• Annual service cost from 590 rubles;
• Minimum payment up to 8%;
• Free card replenishment;
• Bonus points for spending on the card;
• Free internet banking;
• Free mobile bank.

Map from East Bank

Issue a card

More about the map

• 56 days No interest on the loan;
• Limit loan up to 300,000 rubles;
• Interest rate from 11.5%;
• Passport issue in 5 minutes;
• Free internet banking;
• Free mobile bank.

Card from Raiffeisenbank

Issue a card

More about the map

• 110 days without interest on the loan;
• Limit loan up to 600,000 rubles;
• Interest rate from 23.9%;
• Annual service cost is free;
• Cashback up to 5% for everything;
• Free internet banking;
• Registration according to the passport.

More about the map

• 120 days without interest on the loan;
• Limit loan up to 300,000 rubles;
• Interest rate from 29%;
• Annual service cost is free;
• Cashback 1%;
• Free internet banking;
• Free mobile bank.

Installment card "Conscience".

Issue a card

Grace or, in other words, "grace" period implies free use financial resources bank within the credit limit. Simply put, a client who borrowed from Sberbank may not pay interest on the loan provided. It is this scenario that is guaranteed. financial institution, but for this you need to learn how to use a Sberbank credit card correctly, or even better, to be able to correctly calculate the grace period.

Page content

To take advantage of the coveted bonus that the benefit provides, you need to resort to correct calculations. And bank customers, as a rule, are not particularly keen to count. As a result, users, especially at the initial stage, face a number of problems. The reason for this is not only laziness, but also the advertising definition, which is not a hoax, but in fact has significant differences from what is happening in reality.

The essence and nuances of the grace period

It is generally accepted that the free period for Sberbank cards is 50 days. This is not entirely true. By the way, the situation may be similar to the practice of other credit institutions. 50 days is the period indicated in the advertisement. It starts counting right from the beginning of the billing period. The reality is that, according to its rules, a preferential term for a client can be from 20 to 50 days (for PR, the maximum indicator is used) from the moment of making a purchase. The procedure for generating a credit card report takes place on a monthly basis. It ends the billing period. So, this period may not coincide and often does not coincide with the beginning of the month, since the date of activation of the card is taken as the starting point. You need to remember that:

1. The reporting period is equal to 30 days, which are allocated for credit purchases. As soon as it comes to an end, a payment report is generated, recording the amount of spending.
2. The grace (interest-free) period really covers 50 days, which in total consists of a 30-day reporting period and a 20-day payment term.

So that customers can easily understand the essence of their benefits and make the correct calculations, a special service assistant works on the Sberbank website. His calling is to help calculate the interest-free lending period and show examples of interest savings.

Example:

Preferential credit card Sberbank card activated on March 21, 2015. From the 22nd day of the current month, the period for generating the report will begin. It also has a grace period of 50 days and ends on May 11, 2015. - the date of payment, before which it is necessary to return the entire amount of the debt to the bank in order not to pay interest.

On March 24, the client makes a purchase for the amount of RUB 65,780. We round the amount up to 66 thousand and do the calculation. We get: grace period, lasting 48 days and savings on interest in 2083.07 rubles.

On March 29, the user of the preferential card of Sberbank spends another 35 thousand rubles on acquisitions. The grace period, therefore, will be 44 days, and the savings are already 3095.67 rubles. The date of full settlement will remain the same: May 11, 2015.

Having made the correct calculations, the user can use the following scheme for working with a credit card:

• card activation;
• current purchases within a month;
• accounting for the limits of the credit limit;
• obtaining an operational count for the payment period at the end of the purchase month;
• search for the total amount of debt repayment and its date.
• debt repayment.

It is noteworthy that a 50-day period can also take place when the loan is repaid. To do this, you will have to spend the entire amount from the card on the very first day from which the billing period starts. In case of the final expenditure of funds on the last day of the payment period, the grace period will not exceed 21 days.

Timely return of credit cash within the grace period: myth-making.

Many clients, holders of preferential cards of Sberbank, are sure that when withdrawing cash from an ATM, a refund is required during the grace period. This, in their opinion, will avoid the percentage dependence. This approach is fundamentally flawed.

Sberbank, like many others credit institutions does not take into account the nuances of turnover. The banknotes withdrawn from the ATM are immediately charged with credit interest (in Sberbank they are equal to 24%). Do not forget about the fee charged for withdrawing funds from a credit card (3%), regardless of the ATM.

The grace period of 50 days applies ONLY to cashless transactions and is counted from the date of the report (the date the card was opened).

Conclusion: Don't fall for stereotypical traps. Borrowed money on a preferential card should be returned on time, focusing on the date indicated in the report. Only with this approach will interest be excluded.

Minimum card payment

If there is no way to repay the loan on time, then you should not worry. For such incidents, credit cards have been created. The client is free to use borrowed funds by paying the rate stipulated in the contract (according to classic map- 24%). It is recommended only not to forget about the timing of making the minimum payments (for Sberbank, this is 5% at the end of the payment period). This option is relevant for the entire period of debt repayment, subject to careful compliance with the terms of the contract. The lack of income to the bank, even, will entail the accrual of interest and growth interest rate up to 38% per annum.

Advice from experienced Sberbank clients: it is enough to carefully study the features of use credit card and follow what is indicated in the reports, then the grace period for lending using the Sberbank card will be an excellent help in solving pressing financial problems.

Answers to popular questions

Question: how to transfer money from a credit card to Sberbank to a Sberbank card?

Answer: money can be transferred by anyone in a convenient way via internet bank, ATM, mobile bank. But you need to take into account that transferring money is equivalent to withdrawing cash, so you will have to pay interest for such an operation.

Answer: the credit limit can be increased if it is not the maximum for a particular type of card. The bank can automatically by 20 - 25%, or you can submit the corresponding application yourself. To increase the credit limit, the following conditions must be met:

• The client has been actively using the credit card for more than 6 months;
• The card holder has a good credit history, does not allow;
• Changed conditions that previously affected set by the bank limit (for example, income increased, a loan was repaid in another organization, and so on).

Question: how to withdraw money from a Sberbank credit card without commission

Banks often connect a grace period (aka grace period) to issued credit cards. it additional service, which allows you to use the bank's funds for free at a certain time period. But the cardholder must follow the procedure for calculating the grace period and the rest of the terms of its provision.

Many cardholders misinterpret the grace period, which leads to interest and sometimes penalties. Before using the benefit offered by the bank, be sure to read the information about it and the instructions for use.

The essence of the grace period and terms

Grace period - the time period established by the bank during which interest will not be charged for the use of borrowed money. The period of the period is usually set at 50 or 55 days (more often it is 55 days). But on the credit market, you can find offers that imply a benefit period of up to 100 days.

If a long grace period is established on the card, then be sure to pay attention to whether such a benefit can be used permanently. It is possible that long term the grace period is presented only once, and then it will be standard, equal to 50-55 days. Or even a grace period is provided as a one-time function.

For a period of 50-55 days, the grace period is a renewable service. After the first benefit period has elapsed, the cardholder can use the next one.

Key conditions for the grace period:

1. In order for the bank not to accrue interest, it is necessary to close the debt in full before the end date grace period validity period. If on this date the required amount is not on the account, the bank will charge interest.
2. Most often, banks set restrictions on the types of transactions for the grace period. It applies only if non-cash transactions are made using the card. If you cash out the account, then the grace period is zeroed and does not work. But you can find offers, the benefit applies to all operations.

Borrower standard error

When issuing a credit card, bank employees do not particularly bother with the need to tell in detail about the principles of calculating the grace period. This leads to the fact that credit card holders misinterpret it and unknowingly violate the terms of the benefit. As a result, the bank charges interest, and the borrower does not understand why this happened, since, in his opinion, he performed transactions within the grace period.

If the bank says that the grace period is "up to 50 days", then please note that it is BEFORE 50 days, not specifically 50 days. That is, the benefit can be valid for 49, 35, and any other number of days.

As it happens most often. A citizen receives a card with a grace period, for example, 55 days. He makes a debit transaction and believes that in order to not accrue interest, he needs to close the debt within 55 days. On the 55th day after the fact of the formation of debt, he deposits the amount of funds spent on the card, considering that he has met the grace period. Only now, after some time, the bank begins to file claims for non-payment of the debt. Borrowers in such a situation begin to blame the bank for all sins, but in fact, the cardholder himself is to blame for the current situation, because he does not know how the grace period is calculated correctly.

Rules for calculating the grace period

Banks use several options for calculating the exact timing of the grace period. Therefore, first of all, you need to ask the bank for a specific procedure.

Option number 1.

It is used by banks most often. This is the calculation of the grace period, starting from the calculated date. Settlement date is the calendar date on which the bank summarizes the results of transactions performed for the past month. For example, the results for using a credit card in April will be announced by May 20.

Calculation principle. The reporting period is from 1 to 30 April. During this period, the cardholder made expenditure transactions in the amount of, for example, 30,000 rubles. In order not to pay interest to the bank, you need to close this debt in the amount of 30,000 rubles by May 20.

The graph of this principle of calculation:

Example:

1. The citizen made the first spending on a credit card on April 25, and the total spending by the end of the month amounted to 20,000 rubles (the reporting period is April 1-April 31).
2. As a result, the exemption applies only to transactions made from April 25 to April 30. Expense transactions committed after May 1 fall into the next reporting period from May 1 to June 1.
3. It is necessary to close the debt for the reporting period by the 20th day of the next month. It turns out that if a citizen spent 20,000 rubles from the card in April, then this amount must be deposited into the account by May 20.

The maximum declared benefit period of 50 days will be relevant only if the citizen made the first spending in the reporting period on the 1st day of the month. Then, 30 days of the month and 20 days of the payment period in the next month fall under the benefit. If, as in the example, the first spending occurred on the 25th, then in the reporting period the benefit is valid only for 6 days until the end of the month plus 20 days of the payment period, which is 26 days.

Option number 2.

The second method is more complicated because there is no clear framework for the reporting period. The first date of the reporting period can start from the fact of the first purchase with the card or from the date of issue of the credit card. It is imperative to find out this date at the bank. For example, in Sberbank, the date of issue of a credit card to a citizen is considered the countdown date.

Calculation example:

1. For example, the first countdown date is the 7th of each month (for example, this is the date of issue of the card, as is the practice in Sberbank). It turns out that the reporting period for this card lasts from the 7th day of this month to the 7th day of the next.
2. After the end of the reporting period, the billing period begins, which lasts 20 days (if the grace period is up to 50 days).
3. It turns out that for transactions made, for example, in the period March 7-April 7, you need to pay on April 27, then there will be a grace period.

Example of a graph:

And do not forget that the presence of the grace period does not replace the obligation to make monthly payments. On the date indicated by the bank, the borrower must put on the card account an amount not less than the minimum set by the lender.

In Sberbank, the grace period can be maximum 50 calendar days... This is how much you can not pay interest for using credit funds... But it should be noted that the LP will be valid only if you paid with a card for purchases or services. If you have withdrawn money at the cash desk or ATM, spent it in a casino or made a transfer, interest will be charged from the first day in any case.

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

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

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

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

Example # 1 : you made your purchase on June 7th. In this case, you have 28 days until July 5th plus another 20 days (ie until July 25th). A total of 48 days of the grace period is obtained.

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 pay with a Sberbank card 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 of whether exactly what amount should be repaid in order not to fly 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 maturity period are optional! They do not affect LP.

Example # 3: On June 8, you purchased goods with a card in the store for 3 thousand rubles, on June 25 - for 1 thousand rubles, and on July 9 - for another 2 thousand rubles. Before the date of payment (i.e. until July 25), in order not to fly out of the grace, it is imperative to pay only 4 thousand rubles. (3 thousand + 1 thousand). The remaining 2 thousand you can pay until August 25 (i.e. they fall under the next LP).

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

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

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

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

In the event that there were no transactions on the card for a month, the report is not generated.

And do not forget that if you have not paid all the debt by the maturity date, then interest will be calculated on the amount of the actual debt. Those. in the next report in obligatory payment in addition to the principal debt, interest will also be included, accrued from the day the transaction is reflected on the card account.