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What is a grace period?

Grace period refers to the period during which interest is accrued but not charged on purchases. The period runs from the first day of the billing cycle (or the first day of the month), until the next due date (or the last day of the next calendar month). You need to repay in full by the due date or the end of the grace period, in order to avoid being charged interest. For Revolut credit cards, grace periods can be as long as 62 days, e.g. from 1 July until 31 August.

Grace period is available for credit cards only.

Grace periods are not applied to cash withdrawals, money transfers, and credit card payments for gambling and investments.