There are many myths about using a credit card. For example, paying with a credit card is disadvantageous because you always pay big interest. Do not believe everything that is said and see with us the benefits of credit cards. With Asto Finance Bank you have a so – called interest – free period of up to 54 days. You do not pay any interest at all during this period. As a result, the credit card is an ideal way to borrow interest-free money from a bank.
If your bank offers you a credit card, it means it considers you a solid client. The credit card will not be automatically received by anyone it likes, but only by a trustworthy solvent customer. Unlike a debit card, when you pay with a credit card, you draw money from the bank, not from your own account. And if we trust you, then rely that you too can trust us.
And what about the interest-free period?
For non-cash transactions with Asto Finance Credit, we lend you up to 54 days without interest.
And this is how it works:
1. First, when you set up the service, you choose when you want to receive a statement of transactions. The date of repayment and interest-free period is derived from it. We will automatically send you a transaction statement stating the due date every 30 days.
2. You pay by credit card
3. You will receive a statement according to the date of your choice and from the date of the statement you have 24 days to pay back Amounts borrowed.
4. The total interest-free period is thus a maximum of 54 days. We therefore recommend that you set your statements so that the statement day + 24 days is issued just after the payout. This will ensure that you always have money in your account to pay back the amount you spend on your credit card.
For example, if you always have a payout around the 10th of the month, you can set a statement date around the 20th of the month. You will always receive a statement on the 20th and pay the credit card by the 14th of the following month. When the end of the interest-free period falls on a Sunday or a public holiday, the due date is postponed by a day and the installment needs to be paid only on Monday or the first following working day, respectively.
If you pay the full amount due by the due date, you will not pay any interest at all. With us, you can automatically set up your credit card repayment within the application, or change it at any time in Internet banking and you do not pay for it. So you don’t have to think about paying interest, we’ll do it for you. How to do it?
How does repayment work?
No complicated math, but for sure we’ll draw it:
Of course, it is also possible to set a lower monthly payment than 100% of the loan amount. In the application for Asto Finance Credit you can set free automatic payments in the amount that suits you personally. We do not want to restrict you at all.
Setting installments and payments
You can set up a payment from 3% to 100%. If you set a payment less than 100%, remember that you will be charged interest on the outstanding amount. If you need to borrow with a longer maturity, we recommend a loan rather.We would like to point out – the interest-free period applies to all your non-cash transactions. Cash (eg ATM withdrawal) is subject to the rules of the interest rate list.
If you pay at least USD 500 a month with a credit card from Asto Finance Bank, you have it free of charge. We charge USD 29 per month for maintaining Asto Finance Credit with which you pay less or want to keep it as a financial reserve.Whether you decide to use the credit card actively, or just want to have it as a reserve, you don’t have to worry about missing a grace period thanks to the free automatic payment service. Asto Finance Bank will guard for free when you need to pay the installment and you will avoid unnecessary interest payments.
One more thing
In addition to Asto Finance Credit, you can also arrange advantageous travel insurance, payment protection insurance and card misuse insurance. This is if you want to have even more confidence and absolute peace of mind. It is quick and easy to set up all the above mentioned insurance. You can conveniently arrange them via internet banking or Asto Finance Credit, so you don’t have to go anywhere and you can save energy on purchases.
And good advice: If you apply for Asto Finance Credit by September 30, 2015, you will get 1% of each charged payment you make with Asto Finance Bank credit card until the end of 2015. After all, every crown counts.