Liobank credit card has limit up to 200,000,000 VND
Get your powerful black card today with an interest-free period of up to 62 days — save time on card issuance and avoid cumbersome paperwork
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Everything you need to know about Liobank credit card
01
Credit card approval is granted immediately during the application process
02
Interest-free period of up to 62 days
03
Easily manage your credit card in the app
Illustrative examples
Example 1
On September 2, you spend 100,000,000 VND from your credit card. If you pay back 100,000,000 VND by October 31, you won't have to pay any interest 😎
Example 2
On November 10, you spend 100,000,000 VND (1) from your credit card. On November 30, you spend an additional 50,000,000 VND (2) from your credit limit, and on December 5, you spend another 50,000,000 VND (3) from your credit card. To avoid interest charges, you need to pay 150,000,000 VND (1+2) by December 31 and 50,000,000 VND (3) by January 31 😎
Example 3
You previously spent 50,000,000 VND from your credit card. On August 1, your interest-free grace period ends (interest will begin accruing on your outstanding balance). On August 15, you spend an additional 150,000,000 VND from your credit card. To qualify for the new interest-free grace period, you need to pay 200,000,000 VND 😎
Frequently Asked Questions 🧐
What is the interest-free period?
The interest-free period is the time from when you use your credit limit until the payment due date, during which no interest will be charged based on Liobank's current interest rates. With the Liobank card, the interest-free period can be up to 62 days
Conditions for the interest-free period: you must pay the full previous statement balance continuously and on time before 6:00 PM on the last day of the current month. Statements are generated on the 1st of each month
Example: You spend VND 100,000 on August 2, starting your interest-free cycle, and another VND 100,000 on August 30. Your August ending balance becomes your September opening balance, totaling VND 200,000. You must pay the full VND 200,000 before 6:00 PM on September 30 to enjoy the interest-free period (from August 2 to September 30) and continue maintaining interest-free benefits for the October billing cycle
How is the Liobank credit card interest rate calculated?
45% per year for both purchases and cash advances
What is the minimum payment?
5% of the ending balance plus the principal and fees of the monthly installment (if any) The statement is calculated after 6:00 PM on the 1st of each month
When is the minimum payment due?
The balance or minimum payment is due by 6:00 PM on the last day of each month
What happens if I don't make the minimum payment on time?
If you make the minimum payment after 6:00 PM on the last day of the month, the minimum payment will be considered overdue, and you will be charged a penalty:
First-month penalty fee: 200,000 VND
Penalty fee from the 2nd to the 4th month: 400,000 VND/month
Additionally, the unpaid minimum payment will be classified as overdue, and an overdue interest rate will apply to the unpaid minimum payment (150% of the standard interest rate)
