What is a grace period?

With Salmon Credit, it's possible to continuously use credit without ever paying interest — as long as you use it for purchases via QR Ph or your linked Salmon Card and pay your full balance on time. These paurchases qualify for a grace period. We offer a grace period of up to 62 days (it is not exactly 62 days, the possible minimum is 28 days) on purchases made through QR Ph or your linked Salmon Card.

Transfer funds to a bank or e-wallet — these are treated as cash transactions, and always accrue interest starting from the date of the transaction.

If you only make purchases and pay your full statement balance on or before the due date, you won’t pay any interest. That’s because the grace period protects you from interest charges on purchases.

But if you don’t pay in full, interest starts building up from the date of the transaction, not from the due date — and you also lose the grace period for new purchases in the next cycle unless the balance is fully repaid.