Spend types and Interest rates

Within product configuration, clients can define different types of spend and interest rates.

• Products can be configured with different spend types, for example:
  • Purchases
  • Cash Withdrawals
  • Fees
• Each spend type can have it's own interest rate, including charging zero interest
• Clients can also define whether spend is eligible for the grace period. Certain spend such as cash withdrawals might always be charged interest, even if full statement amount is repaid by the due date