Using your credit card's interest-free period.
So you’ve heard all about your credit card’s interest-free period, but you’re still wondering how exactly it works? Choose your card below to get up to speed.
Frank - Up to 55 days interest-free
The Frank credit card has a 55-day interest-free period, made up of a 30-day billing cycle plus an extra 25 days from the date you’re sent your monthly statement.
So how does it work?
If you buy something on the first day of your billing cycle, you could get the full 55 days interest-free. If you make a purchase on the last day of your billing cycle, you might only have 25 days before we start charging you interest.
Qualifying for your interest-free period
You only get the interest-free period if you’ve paid both your previous and your current statements in full by their due dates.
No interest-free period on cash advances
If you use your Frank card to take out cash, you’ll be paying interest from the day you make the withdrawal – but you still benefit from Frank’s competitive credit card interest rates on cash advances.
ME Mastercard – Up to 44 days interest-free
The ME Mastercard has a 44-day interest-free period, made up of a 30-day billing cycle plus an extra 14 days from the date you’re sent your monthly statement.
So how does it work?
If you buy something on the first day of your billing cycle, you could get the full 44 days interest-free. If you make a purchase on the last day of your billing cycle, you might only have 14 days before we start charging you interest.
Qualifying for your interest-free period
You only get the interest-free period if you’ve paid both your previous and your current statements in full by their due dates.
No interest-free period on cash advances
If you use your ME Mastercard to take out cash, you’ll be paying interest from the day you make the withdrawal.