Minimum payments may be insufficient
CFPB describes a US model requiring the relevant balance to be paid in full by the deadline. This is not a universal rule for Azerbaijani cards.
FinFly Explains / Economy
Grace periods depend on amount and deadline
A grace period can avoid interest when the card’s conditions are met. An advertised number of days is not the full calculation rule.
Purchases versus cash
Purchase eligibility does not establish identical treatment for cash withdrawals or transfers. Read the covered transaction types.
Check your own card
FinFly recommends asking for the exact payment amount and deadline. After missing it, clarify interest charges and how eligibility can be restored.
Method
Primary sources
The explainer is checked against these institutional and industry sources. Links open the original material.