How is interest accrued?

If it is inconvenient for you to repay the entire amount of card debt at once, you may make only the minimum payment. In this case, interest will be accrued on the transactions made.

For each calendar month, an Account statement is generated for the credit card, indicating the amount and due date of the minimum payment, as well as the total amount of debt as of the statement date and the period for its interest-free repayment. 

If you repay the debt only with minimum payments, The bank will accrue interest not only on non-grace transactions, but also on grace transactions, starting from the day following the purchase date and up to and including the date of full debt repayment. 

If you fully repay the total amount of debt within the specified period, no interest is accrued on the amount of grace transactions. Thus, you receive an interest-free loan for up to 62 days –  this is very convenient for everyday payments.