Credit Card FAQs

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What is the interest-free period?

The interest-free period for Liobank cards can be up to 62 days

Conditions for qualifying for the interest-free period: Pay off the full balance from the previous month — the balance shown on the statement as of 6:00 PM on the 1st of each month — by 6:00 PM on the last day of the following month

Example: You make a purchase of 100,000 VND on August 2 and another of 100,000 VND on August 30. You must pay the full 200,000 VND by 6:00 PM on September 30 to qualify for a 62-day interest-free period (from August 2 to September 30) and avoid paying any additional interest on that balance

How is the Liobank credit card interest rate calculated?

39% per year for both purchases and cash advances

What is the minimum payment amount?

5% of the previous month's statement balance (the statement is calculated at 6:00 PM on the 1st of each month) plus any interest accrued from the previous month (if applicable)

When is the minimum payment due?

The 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 payment will be considered overdue, and you will be charged a penalty:

First-month penalty fee: 200,000 VND
Late payment 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)