GRACE PERIODThe Grace Period* is the period from the date of issue of the Credit to the next Payment Date inclusively, during which interest for the use of the Credit issued to pay for the goods (services) based on the Tariffs is not accrued, or Basic Interest is accrued only.**The Grace Period shall depend on the purchase dates and shall be up to 50 days. For instance: Example: On October 31, you used the World MasterCard Black Edition® Card to purchase a 200 000 ruble package tour. On November 30, you receive a statement, in which the debt amount of 200 000 rubles and the deadline for payment, December 20, are specified. If you repay the full amount of 200 000 rubles by December 20, you will pay no interest for the use of the credit funds accrued on such amount.
Therefore, the Grace Period may be 18 to 50 days, depending on the date, on which a purchase has been made. If you do not repay the full debt prior to the date specified in a monthly statement, interest shall be accrued on the debt amount upon the purchase until actual repayment of the debt. NOTE: The Grace Period shall not apply to cash advance transactions. |
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* An interest rate for the use of a credit and other terms of service of the card shall be established in accordance with the contract entered by you and specified in the tariff plan, with which this package was issued to you.
** In case of an early repayment of the full amount of the debt specified in the statement until the payment date inclusively, basic interest on credits issued in the reported period for payment of the goods and services (except for credits under the Installment Purchase Program to receive cash, and also credits issued to pay for the goods and services in gambling institutions) shall amount to nil. |
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