How to choose a minimum-rate credit card
How to choose a minimum-rate credit card
Now more people use creditcards. In fact, it is very convenient. If you urgently needed money, do not borrow from friends, or take a loan from the bank and wait for approval or not. If you are only planning to take a credit card, you should consider all the factors and understand how beneficial this or that credit card is to you. And, so that the credit card does not bring you unexpected troubles, before registering it, carefully read the terms of the contract and pay attention to the following parameters.
Card maintenance fee
In a year this amount is from 700 to 1500 rubles.
Duration of the grace period
This is the period when you do not need to pay interest for using bank accounts. This period is usually from 50 to 65 days.
Interest rate on the loan
On average, it ranges from 20 to 30%.
The amount of commission for transactions on the card
It is very different for different operations of different banks.
If you return money to the card in a preferentialperiod, no matter what percentage of it is set, you do not have to pay them. But if you are not sure that you will be able to meet the grace period, then it is important to choose a card with a minimum rate. The minimum rate is usually set by banks for those who are their customers. So it is more profitable to make out a credit card at the bank, where you have an account or salary card.
If you are not yet a client of a bank, you can reduce the rate on a credit card by providing documents to the bank about your earnings and work experience.
