Banks began to offer Russians cards with a long interest-free period more often

Banks have begun to actively offer credit cards with a long grace period. According to Banki.ru analysts, ten banks have issued credit cards with a grace period of 100 days or more. At the same time, only five large banks launched the offer last year, RBC learned.

As a rule, cardholders may not pay interest for the use of borrowed funds 40-60 days, with an extended period this period is at least 118-120 days. Such credit cards were offered this year by Sberbank, Gazprombank, Otkritie, Dom.RF Bank, Uralsib, Home Credit, Renaissance Credit, OTP Bank, Loko-Bank and Expobank.

Bank representatives told RBC that lengthening the grace period usually does not lead to an increase in delinquencies or defaults. The general director of the Equifax credit bureau, Oleg Lagutkin, said that the level of use of the granted limit is only 3-4% higher than for ordinary cards. VTB, Bank Saint Petersburg and Expobank say that there is no growth in the indicator at all.

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