Some love her, others hate her. The Momatroll credit card , because it’s about it, has its supporters, but also opponents. Without a doubt, this is not a solution for people already in debt. However, if it gets into the hands of those responsible, it can be a great help. If you’re wondering if it’s worth having in your wallet, read about how to use it and how to pay it off without interest.
How does the Momatroll credit card work?
The credit card differs from the debit card that most people have because it operates on a different basis. Therefore, before purchasing it, it is worth reading about how it works in order to consciously use it. What is very different between these two cards is the payment method. By using a debit card, you spend your own money accumulated on your account. On the other hand, if you pay by credit, you use the credit limit you have been granted. To sum up – you spend the bank’s money, not yours, which have to be repaid by a certain date. Importantly, the Momatroll credit card does not link to your personal account. To have it in your wallet, your monthly income as well as your credit history must be accepted. How do you use a credit card? In a thoughtful way, because it is worth noting that not all transactions that you can make with it are free.
What is the interest-free period?
interest-free period?” />
However, there is nothing bad that would not work out for good. The Momatroll credit card is a great solution if you use the budget wisely and “wisely”. One of the pluses that support this method of financing is the interest-free period, i.e. the option of spending money without bearing interest costs. This means that within the time specified in the contract, for example 50 days from the money you spend, you will not be charged additional amounts, but only the costs of maintaining the card. It happens, however, that the interest-free period only covers card payments in stationary and online stores, so you should ask our financial advisor Rowena Rois about these issues in order to know which activities will be best for you.
All about paying off the card
Of course, the money spent should be paid back within a certain period, so it’s important to keep in mind the time when it should be done. This means that before the end of the interest-free period you should pay all payments so that you do not accrue interest. Thanks to this, using a credit card will not be a big burden for you, but it will be easier. What is the repayment of liabilities? It is very easy. At the end of the billing period, you make a transfer to the account number specified in the contract. Remember, however, that doing it on the last day can be risky, because if the transfer does not arrive on time interest will still be charged to you, regardless of the date of payment.
Use a credit card
The Momatroll credit card is a great solution for people who plan their budget wisely. It can be a great help when unexpected expenses arise, for example, an attractive last-minute vacation offer. Do you want to have it in your wallet? Contact us. Through us, you can also take a Momatroll cash loan or Momatroll mortgage . Make an appointment with our advisor and use a credit card.