d. Interest-free period
With SkyroCredit, you can use the credit line for purchases without paying any interest — as long as you pay your full balance on the bill or before the due date. This is what we call the interest-free period, boss.
Remember, each purchase has its own interest-free period, depending on when it was made.
i. How long is the interest-free period?
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Up to 45 days: Get up to 45 days to pay with no interest, every month.
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First billing cycle: shorter interest-free period (around 30 days) because it is only 15–17 days long.
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After the first cycle, billing follows a regular monthly schedule, so purchases can enjoy up to 45 days interest-free.
ii. What is a grace period?
A grace period is an interest-free period. This is the time during which you can pay off your debt for purchases without any interest. For SkyroCredit, the grace period is up to 45 days.
But remember, the grace period is not fixed — it’s different for every purchase, depending on when it was made.
iii. What does “up to 45 days no interest” mean?
SkyroCredit’s “up to 45 days no interest” refers to the number of days you can pay without any interest, boss.
You get more interest-free days if you purchase at the start of the billing cycle, and fewer days if you purchase closer to the bill date (cut-off).
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Why it can go up to 45 days? |
If you make a purchase on the very first day of the billing cycle, you get:
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Learn more about the interest-free period here.{link}
iv. If I pay off my SkyroCredit balance in full, will the interest-free period start again?
No, boss. Paying your full balance will restore your credit limit, so you can use SkyroCredit again right away.
The interest-free period will only restart in your next billing cycle, as long as you pay the interest-free amount on time.