Unlike a cash loan, a credit card is a payment method that has a service fee. This is a significant drawback, so it is important to look for cards that are free to use.
At Sinara Bank, you pay 149 ₽ only for the first month after issuing the credit card. Subsequently, the fee is only charged if the amount of purchases for the month is less than 5,000 ₽. Thus, with active use of the card, the service is free.
Commissions and high interest rates for cash withdrawals and transfers are a disadvantage that is directly related to the product's features. After all, a credit card is primarily a means of payment, which means it is most profitable to use it for purchases. To avoid paying commissions, you should not withdraw cash from the card or transfer money from its account.
Bank Sinara has special conditions: transfers byfast payment anhui mobile number database system are available without commission if their total amount per month is up to 100,000 ₽. The system operates around the clock and allows you to transfer funds to any Russian banks.
Challenging conditions
With a cash loan, everything is clear: you receive money and return it according to a schedule of pre-established payments. Cards are more complex, so it is easy to get confused at the initial stages. You need to understand when the grace period begins and ends in order to plan your expenses and manage to pay off your debt. Carefully study the agreement so that this conditional drawback is not significant for you.
Variable monthly payment
Another disadvantage is that the monthly payment amount is not known in advance, because it depends on the amount of debt on the end date of the billing period. But information on how the payment is formed can be found in the contract and calculated independently before receiving the statement. In addition, the statement itself comes in advance, and the borrower has time to prepare and make the payment.