Credit card interest free and 3 things to know about credit card interest free

icon calendar11/07/2025

Let's explore 3 important things you need to know about credit card interest-free to use it wisely and avoid regrettable mistakes.

Interest-free period (usually 45 - 55 days) is one of the useful features when using a credit card. So, what is a credit card interest-free period? Let's learn more about credit card interest-free and what you need to know about this feature to use your credit card more effectively and optimally.

What is a credit card interest free?

Credit card interest free is an attractive offer that banks often offer to credit card holders. During the specified period, usually 45 - 55 days, cardholders can use the loan from the card without incurring any interest costs.

This gives them the flexibility and convenience of managing their finances, allowing them to spend now and pay later without worrying about extra fees or interest. This is truly a rare opportunity to balance their finances comfortably and save significantly on costs.

You can use your credit card without paying interest during the interest-free period.

3 things you must know about interest-free credit cards

Although interest-free credit cards are a useful feature that allows you to use your credit card to spend without paying interest for a certain period of time, to use interest-free credit cards effectively, you need to keep in mind the following:

Other concepts related to credit card interest free

To understand the interest-free days and make the most of this valuable time, you need to understand some important concepts as follows:

1. Credit card interest rate:

  • General interest rate: This is the interest rate applied when using a credit card for spending. This fee usually ranges from 15% to 30% depending on the bank and card product.
  • Cash withdrawal interest rate: When you withdraw cash from your card, you will be charged a fee, usually between 3% and 5% of the transaction value.

2. Payment cycle: This is the period between two bank statements, usually 30 days.

3. Credit card statement closing date: This is the time when the bank records your transactions for the month.

4. Payment due date: This is the date when you need to pay the total outstanding balance from the previous period. If you pay before this date, you will not have to pay additional interest.

5. Extension period: This is the period of time that the bank allows you to extend to give you more time to arrange your finances and fulfill your payment obligations. This period is usually from 15 to 20 days depending on the bank.

There are many other concepts related to credit card interest free that you need to know.

How to calculate credit card interest-free period

The time to calculate the interest-free period of a bank credit card will usually be calculated as follows:

  • The credit card interest-free period is calculated from the statement closing date of the previous month to the statement closing date of the next month, which is 30 days.
  • The interest-free period is added to the grace period, which is usually 15 days.
  • The grace period is the number of days that the bank has extended to give the cardholder time to arrange finances to pay the card without incurring interest.

Principles for paying off credit card debt with 45-55 days interest-free

Paying your credit card balance on time and in full is extremely important to avoid unwanted interest and penalties. Specifically:

  • When you pay on time and in full, you will not incur any interest or penalty fees.
  • However, if you only pay part of the debt, you will have to pay interest on the remaining amount.
  • If you pay after the payment due date or miss the minimum payment, you will be charged both interest and late fees.

In there:

  • The minimum payment depends on the regulations of each bank, usually around 1 - 5% of the total outstanding balance for the period. If you cannot pay the entire outstanding balance, pay at least this minimum amount to avoid late fees.
  • Late fees are typically around 4 - 6% of the minimum amount due, depending on the regulations of the bank you use.

Credit card debt repayment principles will depend on the regulations of each bank.

Which bank credit card should I use?

Choosing the right credit card is an important decision that helps you optimize your spending and enjoy many attractive incentives. However, with the variety of products from different banks, finding the right card can be confusing.

If you don't know which bank's credit card to use, check out SeABank right away. SeABank is one of the top choices with diverse and flexible credit card products and many attractive incentives.

In particular, SeABank's corporate credit card not only offers high limits, but also integrates effective spending management utilities, helping businesses optimize cash flow and make the most of promotional programs.

Use SeABank credit card to enjoy attractive offers immediately

Hopefully today's article will help you better understand what credit card interest exemption is and what you must know about credit card interest exemption. If you are looking for a credit card with an attractive interest-free policy and many incentives, explore SeABank's credit card products right away.

With dedicated customer service and superior financial solutions, SeABank will be a reliable companion in all your transactions. To learn more about SeABank's corporate credit cards, please visit the website or contact Hotline 1900.599.952 (KHDN).

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