Sber will replace old credit cards with new ones with an extended interest-free period
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Sberbank (MOEX: SBER) announced a program to replace old credit cards with a new Sbercard. 10 million Sber credit card holders will be able to use the free service with an interest-free period of 50 days. After reissue it will be 120 days.
As reported in press release credit institution, interest rate, limits, loyalty program and tariffs will not change when replacing a credit card. There is no need to pay off the debt early or close the account. You can get a new card that will work on the Mir payment system in the Sberbank application.
Director of the “Customer Wallet” division of Sberbank Igor Kovalev told reporters that the rate on a credit card upon replacement will remain the same, even if it is lower than what applies to new Sbercard clients, his words are reported Forbes. The program, according to Mr. Kovalev, began operating a few days ago; several hundred thousand clients took advantage of it.
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