What is the interest-free (grace) period on a credit card?

The interest-free grace period or promotional financing period (from the English grace period) is the period during which the bank does not charge interest on card purchases. The grace period does not apply to debt arising from transactions such as cash withdrawals from a card or account, transfers, and quasi-cash transactions.

The interest-free period starts with the first non-cash debit transaction of the month, which is subject to the terms and conditions of the interest-free period, and its duration depends on the type of card:

for the Cashback Credit Card - up to 62 days

for the credit cards “120 Days to the Maximum” and “Premium banking” - up to 120 days.