Key Highlights
- Chintan Panchmatiya, founder of SwitchMyLoan, says, “Maximising interest-free days is one of the smartest ways to use a credit card.
- Plan your purchases right after your billing cycle starts.
- This provides you with the full cycle, plus a grace period to repay without interest.
- When used strategically, it acts like a short-term, zero-cost credit line that helps you manage cash flow more efficiently and avoid unnecessary charges.” The interest-free period is the time between a purchase and your payment due date.
- During this window, the bank does not charge interest, provided you repay the total outstanding amount in full.
