What is a purchase?
When you use your card to pay for goods or services this is called a purchase. This can be made by dipping, tapping it (contactless) in a store or when you purchase something online. Your Greater Bank cards are accepted where your see the Visa symbol.
Interest on your purchases will depending on your eligibility for an interest free period and if you paid your last statement amount in full by the due date.
If you pay your account in full by the due date then you shouldn’t be charged interest on your purchases. If your account is eligible for an interest free period then you can enjoy up to 55 days interest free on your purchases.
If you don’t pay your account in full by the statement due date then we will charge you interest on the outstanding amount from the day following the due date for payment.
If you didn’t pay your full balance by the due the date. Interest will be applied for new purchases from the purchase date.