OREANDA-NEWS. October 3, 2011. Uniastrum’s new U-Grace credit card is a practical way of paying for goods and services, enabling holders to use their approved credit line absolutely free of charge for up to 55 days and to minimize interest payments*. U-Grace’s other benefits include competitive rates, early repayment at any time without incurring penalties or charges, convenient service options, and the opportunity to obtain an extra card on request. The credited funds can be repaid at any Uniastrum outlet, via ATMs accepting deposits, and self-service payment kiosks.

U-Grace cardholders who do not repay the total amount due before the grace period expires, nevertheless enjoy flexible settlement options. Payments start at just 5%** of the credited funds used as of the end of the repayment period. U-Grace allows borrowers to spend up to Rb 600,000 or the dollar/euro equivalent***. For more details on the U-Grace card’s terms and conditions and to complete an application form, visit http://www.uniastrum.ru/personal/cards/#sel-cards-ugrace

“The U-Grace initiative is a welcome addition to Uniastrum’s wide range of card options,” notes Vasily Kuznetsov, Deputy Chairman of the Bank’s Management Board. “Our current card mix comprises over 10 product groups, each of which can be employed for a variety of functions, including paying for goods and services, managing and increasing cash flows, and receiving discounts on everyday payments.”

*Does not apply to cash withdrawal transactions. The total grace period includes the 1st to 30th day of the accounting month, at the end of which the credit card debt accrues, plus up to 25 days of the following month, during which the debt must be paid off.

**Based on the minimum debt outstanding, as well as other payments and charges covered by the Agreement.

***Determined by the Bank on a per-customer basis. The minimum loan amount is Rb 10,000 or the dollar/euro equivalent