Reap Card statement cycle is 30-31 days, and the cardholder will need to make repayment before the 20th of every month. Depending on which day during the statement cycle you made the payment with your Reap Card, you are getting up to 50 days of interest-free financing.
Here's a summary of how Reap Card and Reap Pay can help you to pay anyone anywhere without moving the cash away from your bank account:
Day 1: Pay your expense with Reap Card on Reap Pay, the recipient will receive the amount in 1-3 business days
Day 33: Receive your Reap Card monthly statement
Day 51: Settle your Reap Card statement