For those who rely on credit cards to manage day-to-day expenses, deferring payments beyond 30 days can be helpful, especially for small business owners. Typically, credit cards come with a standard interest-free period of around 30 days, allowing cardholders to settle their bills by then without incurring any interest charges. However, for small and medium-sized enterprises (SMEs), MSMEs, freelancers, and professionals, some banks have introduced credit cards with an extended interest-free credit period of up to 55 days.