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How does the interest-free period work?

April 26, 2017interest-free period

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How does the interest-free period work?

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A. Although interest is calculated from the date of your purchase, with an up to 55 interest-free days card you will not be charged any interest if you pay the closing balance in full by the payment due date on your statement provided there have not been any cash advances.

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A. For example, if your card has a 44-day interest free period, the interest free day period consists of your 30-day statement cycle, then 14 days to the due date. If your previous statement balance (excluding any repayments on Promotional Plans not yet due) was paid in full by the due date and you make a purchase made on the first day of your next cycle, it will attract 44 interest free days if the closing balance of the next statement is paid in full.