Interest-free period
Cards & borrowingThe time on a credit card when you are not charged interest if you pay in full.
Overview
This period usually runs from the purchase date to the payment due date.
It applies only if you clear the statement balance on time.
Why it matters
- It can reduce the cost of borrowing.
- It helps you avoid interest on everyday spending.
- Missing the due date can remove the benefit.
FAQs
Does an interest-free period apply to cash advances?
Usually no. Cash advances typically start charging interest immediately.
How long is the interest-free period?
It varies by card and is shown in the card terms.
Related terms
Take control of your credit health
Get the complete credit toolkit — all features included.
Start building creditInstant setup. No credit check. Cancel anytime.