To benefit from the one (1) month payment holiday, you are not required to pay your minimum amount due which is reflected on your credit card statement generated between April 4th – April 27th. However, kindly note that if your cycle date is the 30th of every month, payment holiday is only applicable to your credit card statement generated on March 30, 2023.
For credit card accounts opened in April 2023, your payment holiday will apply to your first statement generated in May 2023. However, if your creditcard account is opened in May 2023, your payment holiday will apply to your first statement generated in June 2023.
You will not be charged a late fee during the one (1) month payment holiday. However, interest will continue to accumulate on your outstanding balances not settled in full.