How Interest Free Periods Work
Standard interest free periods come on all credit cards, and they offer a period from 45 to 59 days of interest free credit on purchases if you regularly pay off your monthly statement in full and on time.
A. All credit cards offer a limited interest free period, and providing you repay your balance in full by the specified date each month, you won't have to pay any interest on your spending. Generally speaking, all credit cards include purchase spending in the interest free period. However, balances resulting from cash withdrawals, buying foreign currency, traveller’s cheques and balance transfers outside of a promotional deal are more commonly not included in the interest free period. Read the full answer »
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