• What are interest free days?

Interest free days are applied to most credit cards and dictate the amount of time you have to pay off a balance before it is subject to interest charges. This is probably the most useful feature of all as it ensures that you can benefit from spending with credit cards. You are able to make purchases without having to pay for them instantly, giving you time to settle the balance without being charged for the privilege.

It is essential that interest free credit cards are used properly in order to benefit from them. The interest free period is not simply a method for delaying your payments and must be paid back on time. If used improperly this feature can lead to people becoming too relaxed and result in late payments.

• Is this a suitable option for me?

These cards are designed for people that will only spend what they can afford, paying the balance off in full at the end of each month before the interest free period ends. Our range of interest free credit cards offer up to 55 days, allowing you to make purchases without being charged interest for this period.

• What should I be aware of?
  

It is important to gain an understanding of how the interest free days work, as they can seem confusing at first. The interest free period usually begins at the same time as the billing period, which means that from the first day you have up to 55 days (depending on the card) to pay off the balance before interest is added. Something you must also remember is that any purchases made within the 55 day period must also be paid for before the time runs out because your interest free days do not start again until the original period has been reached.

See our Best interest free Credit Cards.