Cards, money, two credit cards. 7 biases that keep you from getting rich

1. Cashback is a trick of the banks

Banks are interested in actively using their products, so they return to their customers a part of the amount paid on the card in the form of a cashback. And it can be beneficial to you.

Some banks charge cashback only for certain groups of goods and in local currency - points that can be spent only in certain stores, or miles from airlines. You can also receive real money to the card account, but the return is usually small - 0.5–2%. For cashback to be as useful as possible, start from your needs. For example, if you travel a lot, it may be beneficial for you to pay for plane tickets with bonuses. Or you can choose a certain category of stores in which you often make purchases.

It is important to remember that cashback helps you save money only if you are smart about shopping. If you start spending more just because some of the money is returned, then there is no question of any savings.

2. All plastic cards are the same

Plastic cards are visually similar, but they are different: among them there are debit and credit cards. A debit card acts as a personal account on which the client's funds are stored. For example, a salary or a pension can be charged on it. With a debit card, you can pay in stores, pay for utilities and perform other transactions - but only up to the amount on the account. Some options allow you to earn - the bank charges interest on the balance.

On the credit card, the bank's money is stored, which is given to the client for temporary use. Such a card can provide more freedom to the owner: for example, to go on a trip, you will not have to save up for a long time. But then you will need to return the money to the bank, taking into account the interest.

There are also debit cards with overdraft: salaries can also be transferred to them, but if the limit of their own funds is exhausted, the owner has the right to use the bank's money. Interest may be charged on spending over the limit.

3. It is more profitable to choose a card with free service

Not always. A card with free service, but without cashback, may be less profitable than the paid option, but with a cashback and a percentage on the balance. Suppose the bank charges 100 rubles a month for servicing the plastic. At the same time, cashback for purchases with the card is 1%. To get to zero, you need to spend at least 10 thousand rubles a month. If your expenses are higher, such a card is beneficial for you. But carefully read the terms of the agreement - cashback may not be credited for some purchases.

Sometimes banks make the service free of charge if various conditions are met - for example, if you spend a certain amount every month or keep a minimum balance on your account.

4. A loan cannot be taken under any circumstances

You can use credit money, but they should solve your problem, and not indulge momentary desires. For example, a mortgage will provide an opportunity to improve living conditions, and a loan for an education - to find a good job in the future. But borrowing money to buy a smartphone, however, needs to be considered. After all, if the apartment can still grow in price, then the equipment will definitely become outdated and become cheaper.

A loan should be taken only when there is confidence that it will not significantly affect the usual standard of living. If you doubt that you can handle the monthly payments, it is better to refuse the loan. With a mortgage, you can insure the life and health of the payer - this can be beneficial, for example, when there is only one breadwinner in the family. It is difficult to predict what circumstances will arise within 10–20 years, and insurance will help out in case of disability.

Read the loan agreement carefully: you must know exactly the loan amount and interest rate, as well as understand the mechanism of debt repayment.

5. To get rich you need to save money

Accumulation is not the best financial strategy. Once you save a small amount, inflation will eat it up. For example, in Russia, the annual inflation in August reachedOn the consumer price index in August 2021 / Rosstat 6,7%. In the US, prices, although slower, are also growing - the figure for August made up 5.3% in annual terms. American economists predictthat high inflation will persist until the end of 2023.

To make money work for you, you need to stop keeping it under your pillow. Rich people invest in promising projects, buy real estate, stocks and bonds. This allows you to protect and increase your savings.

6. Only the rich can invest

You can start investing with little savings - some banks offer to open a brokerage account with a sum of 1,000 rubles. Of course, in order for the result to be noticeable, larger investments are needed. But to understand investment instruments, you don't have to wait until you make millions.

A beginner can start with conservative options: government bonds and shares of large companies. Such investments bring little return, but the likelihood of losing money is less than if you invest in a young, growing company. You can use ready-made investment solutions from banks, which allow you to direct funds to various assets, choose the level of profitability and the degree of risk.

7. It is not profitable to keep money on the card

Sometimes bank cards with an interest on the balance can be more profitable than deposits. The rate on deposits depends on the key rate of the Central Bank, which either rises or falls. And the interest that is charged to the card account is changed by banks less often.

Another plus - when using the card, flexibility in money management remains. As a rule, you can earn more on irrevocable deposits than on revocable ones, but you cannot replenish the balance or partially withdraw funds. The owner of the income card can withdraw money from the account or add it there at any time, while the bank will continue to accrue interest on the balance.

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Servicing the Profit card (hereinafter referred to as the Card) - 0 rubles per month for purchases over 10 thousand rubles in month (some purchases are not taken into account, the list is on uralsib.ru), in other cases, the service is 99 rubles per month. Cashback condition: for Cardholders participating in URALSIB Bonus (hereinafter referred to as the Program) when using bonus rubles (hereinafter referred to as BR) for the Reverse cashback "- a payment to a DS Card in the amount of a purchase made in rubles using a Card with the Program in the amount from 1,500 to 50,000 rubles in the previous month, in exchange for BR. Accrual of BR: for purchases with the Card with the Program at the rate of 1 BR = 1 ruble in the amount of up to 3% of the amount of purchases made with the Card per month (some purchases are not taken into account, the list is at www.bonus.uralsib.ru). 1% - within the first month after registration in the Program, from the second - with the amount spent on all Cards client with the Program from 10,000 rubles (some purchases are not taken into account, the list is www.bonus.uralsib.ru); 1% - if there is debt on a credit / debit card of the Bank with a credit line (hereinafter collectively - Card debt) from 5 000 rubles inclusive at least 1 day within a month or with the balance of the loan amount from 100 000 rubles inclusive at the beginning months; 1% - if there is a package of services "Priority", "Status", "Private", Premium Light, Premium, Premium Sport (respectively "Premium Light", "Premium", "Premium Sport") for 3 months or more, or if there is a Card Debt of 15,000 rubles inclusive, at least 1 day within a month. The maximum volume of purchases per month for which BRs are charged is 400,000 rubles for clients with packages services "Priority", "Status", "Private", Premium Light, Premium, Premium Sport and 200,000 rubles for others clients. BRs are canceled: if within 6 consecutive months there are no transactions to enroll or use the BR; if there is an overdue debt of 30 days (inclusive) on any loan at the Bank. The term of the BR is 12 months. Every month, 8% per annum is charged on the daily actual balance of the DC on the Card in the amount of up to RUB 1 million inclusive. purchases with the Card over 10 thousand rubles (some operations are not taken into account, the list is on uralsib.ru), up to 10 thousand rubles (inclusive) - 0.1% annual; in case of excess of 1 million rubles on the Card, interest on the excess amount is not charged. The Card is valid for 4 years. Commissions: change of PIN-code / unblocking of the Card using ATMs (hereinafter - BT) of other banks - 50 rubles; request for the balance of the DS through the BT of other banks - 30 rubles. Information service - 59 rubles per month, the first 2 months are free of charge. Servicing an inactive card account from 365 to 730 days - 199 rubles, from 730 days (inclusive) - 250 rubles. Cash withdrawal (hereinafter - VN) at points of VN (hereinafter - PVN) - 0.7% of the transaction amount (hereinafter - CO); VN in PVN and BT of other banks on the territory of the Russian Federation with CO up to 3 thousand rubles - 99 rubles; VN in PVN and BT of other banks outside the Russian Federation - 1% of CO, but not less than 110 rubles, a commission may be charged by other banks; VN without a Card in the PVN of the branch of the Bank in which the account is opened, in the amount of up to 1 million rubles / equivalent in conventional units (inclusive) - 1% of CO, from 1 to 3 million rubles - 5%, from 3 million rubles - 10%. Crediting to the DS account through BT and the payment terminal (hereinafter referred to as BPT) of banks according to the list approved by the Bank on the Bank's website (hereinafter referred to as the List) - 0.5% of CO. Cashless transfer of DS (hereinafter - BPS) to BT and BPT Bank from the Card to the cards of other banks according to the list - 1.5% of CO, but not less than 60 rubles; BPS in BT of banks according to the list from Card to cards of the Bank and banks according to the list - 1% of SB, but not less than 30 rubles; BPS in other organizations from Card to cards of other banks - 1% of CO, but not less than 60 rubles; BPS in the Internet channels of the Bank from Card to cards of other banks - 1.5% of CO, but not less than 60 rubles. Use of DS, composition. technical debt (hereinafter referred to as TK), within the period of reimbursement of TK, in percent per annum - double key rate of the Central Bank of the Russian Federation.

The conditions are valid as of 08.11.2021.

For more information, call 8 800 250 57 57 and visit www.uralsib.ru. Advertising. It is not a public offer. PJSC BANK URALSIB. General license of the Bank of Russia No. 30 dated 09/10/2015.