Credit cards have been popular in Poland recently. Check what is characteristic for an Easy card, why you should have an Instant Care Bank credit card and whether it pays off.
Everything you need to know about your credit card
In addition to loans, payday loans, and credits, we also try to present alternative financing options for our own needs. After the revolving loan at Honest Bank, we describe the credit card, for example we took the card at Instant Care Bank, because we now consider it to be the best available on the market.
Credit cards in Poland
The first credit card was issued in the USA in 1958, in Poland credit cards have been available for over 20 years, although they gained popularity only in the 21st century. Currently, the card market in Poland is one of the better developed, we occupy the 6th place in Europe in terms of the number of credit cards.
The credit card boom in Poland falls in 2007-2011, it was associated with the development of the network of payment terminals, the possibility of online payments and high-interest rates. At present, banks no longer focus on selling credit cards, but they all have them on offer.
Pre-paid loan – how much does it cost?
Due to the low Lombard rate, credit cards have become an attractive financing option, of course, they use the maximum possible interest rate, but just as 4 years ago it was 24%, so now only 16%. Just like the loan companies give 30-day payday loans at no cost, so in this case, the banks beat it because of periods without cost in credit cards last from 50 to 61 days. In the case of Easy cards, it is 54 days.
Remember, however, that costs are not charged only for transactions without cash, i.e. we should beware of withdrawing money from a credit card from an ATM. However, we can make a transfer from the card to our own account, then withdraw the money and we will not incur any costs.
As for the method of applying for a card, it is the same as for a bank loan, we should complete the online form and the consultant will call us back, in the case of smaller limits, statements are often enough, in the case of large credit limits, an income certificate is needed.
Credit cards at Instant Care Bank
Cards at Instant Care Bank are distinguished by the largest rebate program among all banks. We will receive discounts in more than 4,700 places, both traditional and online. Discounts start at 5%, reach up to 50%. We can choose from standard cards Silver, Gold or Platinum, but also so-called affiliate cards, i.e. in consultation with an external partner.
In the Easy card, we will get additional discounts in fashion houses, boutiques and beauty salons. When spending the money, the LOT card allows us to collect miles in the Miles & More program and convert them into airline tickets. In the BP Payback card for every 3 USD spent we will receive 1 point of the popular Payback program , which can then be spent on various rewards.
Nowadays, a credit card is interesting financial security, but it is a tool for careful and sensible people. Remember that every zloty spent from it is a loan taken from a bank, which must be repaid later. At Instant Care Bank, we can spread every transaction over USD 500 into installments, if we do not do so, we should repay at least 5% of the debt after each settlement period.