Blog

What Is NordCard Interest-Free Period?

Repaying the used amount of NordCard Creditlimit in full until the last working day of the same month instates NordCard interest-free period.

Example 1:

On 2 January, Anna spent 100 euros from the allocated Creditlimit amount. On 29 January, Anna transferred 100 euros to her NordCard Credit Limit account. Thus, Anna does not pay interest for the used 100 euros.  

Example 2:

On 2 January, Anna spent 50 euros from the allocated Creditlimit account. On 10 January, she spent another 50 euros, thus spending 100 EUR from the allocated Creditlimit amount. On 29 January, Anna transferred 100 euros to her NordCard Credit Limit account. Thus, Anna does not pay interest for these 100 euros. 

Example 3:

On 2 January, Anna spent 100 euros from the allocated Creditlimit amount. On 10 February, she transferred 100 euros to NordCard Creditlimit account. Thus, Anna will have to pay interest for the entire period.

 

*Important - NordCard interest-free period is activated on the following day after a full payment of the used Creditlimit and accrued interest is made

Apply for free