Expert Olga Daineko recommended carefully monitoring the terms of use of a credit card.
The opportunity to borrow money from a bank for free during the grace period attracts many, but requires strict financial discipline.
When applying for a credit card with a grace period, it is important to study the terms of the agreement, writes the Prime agency.
According to Daineko, the grace period lasts from 55 to 180 days.
If it is linked to the card activation date, the billing period is one month.
The expert explained that the later the purchases are in the billing period, the less time there will be to return the funds.
If the grace period is tied to the date of the expenditure transaction, the countdown begins from the date of purchase.
According to the expert, this option is suitable for one-time purchases of large amounts.
Even during the current grace period, you must make a minimum payment of up to 2-10% of the debt.
The expert noted that in order to effectively use the grace period, it is necessary to monitor the terms of use, make the minimum payment and return the loan funds on time.
