What is grace period?
It is the time period granted by the bank when no interest is charged on your purchases. This can be enjoyed only if your entire outstandings are fully paid on or before due date. Enjoy up-to 50 days of Interest Free Grace Period on your purchases. You will not be charged interest on your purchases if your repay the full amount within or up-to due-date. If you desire, you can transact regularly on your ICICI Bank Credit Card and not pay any interest for life. Grace Period refers to the period wherein the customer is not charged any interest for purchases made on the Credit Card. It depends on the time period between the transaction date and the payment due date as per the billing cycle. Example: On January 1 you buy a RUR 20 000 TV set on your ICICI Bank Credit Card. In the end of January your statement date (when this transaction will reflect in your monthly statement). After that you will get time till 20 February (which is the Due Date) to repay for this purchase. If you repay the f
This is the period for which your site will be kept in our system after your normal term expiry. Please note that in this state, your site will remain in suspended condition and will not work. You would need to renew your account to make it live again. Once this period expires, your site gets deleted from our system permanently.
A free period where no finance charges accrue, also known as a grace period. A grace period lets you avoid finance charges by paying your balance in full before the due date. Knowing whether a card gives you a grace period is especially important if you plan to pay your account in full each month. Without a grace period, the card issuer may impose a finance charge from the date you use your card or from the date each transaction is posted to your account. If your card includes a grace period, the issuer should mail your bill at least 14 days before the due date so you’ll have enough time to pay.
