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

The interest-free grace period, or preferential lending 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 such transactions as cash withdrawals from a card or account, transfers, and quasi-cash transactions.

The interest-free period begins with the first cashless debit transaction of the month to which the terms and conditions of the interest-free period apply, and its duration depends on the card type:

for the Cashback Credit Card - up to 62 days

for the "120 Days to the Max" and "Premium banking" credit cards - up to 120 days.