The credit limit is an increasingly popular alternative to traditional loans, which is offered by loan companies. An even more interesting solution is Tristo, a novelty on our financial market. On the one hand, it is neither a credit limit on a personal account nor a credit card. So what is Tristo ? We’ll deal with this in the article below.
Tristo is a type of free payment card to which a credit limit is assigned. Although it has some characteristics of a credit card, it is a different financial product. We’ll pay without problems with Tristo in partner stores and in places where you can pay with Mastercard.
What are the advantages of a Tristo payment card?
The Tristo card resembles a credit card primarily because of its advantages. The difference between these two types of cards lies in, among others on the fact that we will withdraw cash from an ATM using a credit card, while the Tristo card does not allow such an operation.
The biggest advantage of the Tristo card is that we can use the available limit when we need extra cash. If unexpected expenses suddenly appear in our lives, the Tristo card may be a godsend. What’s more, the card can be used to pay for purchases in a foreign currency, and the rate at which we will calculate the amount to be paid will be very favorable.
What is the repayment of Tristo card?
At the end of each month, a list of all transactions that we have made with the card in a given month will be sent to us. If we manage to repay the debt within the next 15 days, we will not incur any fees for using the card. In total, it is 45 days.
When it comes to paying off debts, we can do it as part of one total payment or we can do it in parts. If we decide on the latter option, we will only have to pay back the minimum amount every month. Then, a cost of 4.5% of its amount will be added to our debt.
How do you get a Tristo card?
Getting a card is extremely easy. All you need to do is submit an application online. We can order the card already during the registration of Tristo Free account. We will not have to wait too long for the card to be issued and delivered. The mail will deliver it to us within 2 weeks of submitting the application.
Importantly, issuing such a card does not involve any fees. The only cost we will have to bear is using the credit limit. We pay it when you repay the debt that arose on the card.