money transfers to electronic wallets,
transfers to clients of other banks,
withdrawing cash from an ATM or bank branch.
Revolving credit limit
The maximum limit - that is, the amount you can spend - is determined by the bank when approving your application.
At Sinara Bank, the maximum credit limit is 700,000 ₽, but the exact amount is calculated individually. The limit is affected by your income, current debt burden and other factors. To find out how much the bank is ready to provide you, submit an online application and get approval in a few minutes.
The credit limit is a renewable parameter. For finland mobile database comparison, let's see what the credit process looks like for a regular consumer loan:
you take a fixed amount from the bank,
you repay the debt with interest,
you close the loan,
If you need money again, you submit an application again and draw up an agreement.
A credit card works differently: you can spend the entire limit, then pay off the debt, and the maximum amount will be available to you again.
Interest rate
The main disadvantage of any loan is that the money spent must be returned with interest. Moreover, interest rates on credit cards are on average higher than on other types of consumer lending.
But the advantage of the card is that overpayment can be avoided. For this, a grace period must be in effect - a grace period during which interest is not charged.
How is the grace period calculated on a credit card?
Each bank sets its own rules for providing a grace period. There are three main methods of calculation:
the interest-free period starts from the moment of the first purchase,
a separate grace period is calculated for each purchase,