The grace period is the window between your statement date and payment due date during which you can pay off your full balance without incurring interest on that period's purchases, commonly around three weeks in length though the exact number of days varies by bank. This grace period generally only applies if you paid your previous statement balance in full - carrying forward any balance from a prior month typically means new purchases start accruing interest immediately, without the benefit of a grace period, until the full balance is cleared again.
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Frequently Asked Questions
Does the grace period reset every month automatically?
It generally does, provided you continue paying your full statement balance each month - the grace period is tied to maintaining that full-payment habit rather than being a one-time benefit.
What happens to the grace period if I only pay the minimum one month?
Paying only the minimum typically means new purchases begin accruing interest immediately going forward, and the grace period benefit generally isn't restored until the full balance is paid off again.
Is the grace period the same length across all UAE credit cards?
No - the specific number of days varies by bank and card product, so checking your specific card's terms confirms your exact grace period.
Do cash withdrawals get the same grace period as purchases?
Generally no - cash advances typically start accruing interest immediately from the withdrawal date, without the benefit of a grace period that purchases may receive.
How can I compare cards based on their grace period terms?
Use the credit card finder to review grace period details alongside other terms when comparing card options.