Extended Payment Terms
- The Flex Card empowers businesses with a 60 to 74-day *0% interest window on each transaction, significantly boosting cash flow management. This extended period not only eases repayment pressure but also frees up capital, enabling businesses to invest in growth opportunities and operational enhancements. With more cash on hand, companies can explore new markets, invest in research and development, or upgrade infrastructure, all while enjoying the flexibility of extended payment terms. The Flex Card isn't just a payment tool; it's a growth accelerator for businesses keen on maintaining liquidity and seizing expansion opportunities.
How it works:
- We have two due dates each month: the 15th and the last day of the month.
- To determine when a purchase will be due, simply add 60 days to the purchase date. If that date is on or before the 15th of the month your payment for that transaction will be due on the 15th of that month. If that date is after the 15th of the month your payment for that transaction will be due at the end of that month.
Formula:
- Transaction Date 10/1/2023 + 60 days = 11/30/2023
- The date is after the 15th so your payment for that transaction will be due at the end of November.
- Transaction Date 10/02/2023 + 60 days = 12/01/2023
- The date is on or before the 15th so your payment for that transaction will be due on the 15th of December.
- Transaction Date 10/15/2023 + 60 days = 12/14/2023
- The date is on or before the 15th so your payment for that transaction will be due on the 15th of December.
*0% interest applies if the full balance is paid within the 60-day interest-free grace period. Interest will begin to accrue if the full balance is not paid by the end of the current bi-monthly billing period following the interest-free grace period. See your Flex Commercial Cardholder Agreement for details.