This season, Salmon Credit is promoting a “shop now, pay later” setup that lets customers make purchases and pay for them as late as 62 days after the transaction without incurring interest, provided they settle the full statement balance on or before the due date. It’s is aimed at holiday shoppers who want to stretch their budgets without taking on traditional installment plans or high-interest debt.
How Salmon Credit Works For Shoppers
Salmon Credit works as a flexible revolving credit line that comes with a free card and a credit limit of up to PHP 250,000, which gives users room to manage both large and small expenses. Shoppers can then use the credit line in malls, online stores, and restaurants where Visa, Mastercard, or QR PH payments are accepted.
Customers can transact using a physical Salmon card, a virtual card for online purchases, or QR PH. Unlike many credit cards, Salmon Credit waives annual fees and offers approvals in as fast as 10 minutes, allowing qualified users to start spending almost immediately.
Zero-Interest Grace Period Explained
A highlight of this offer is the zero-interest grace period of up to 62 days on purchases made through QR PH or the Salmon Card, as long as the user pays the full amount due on or before the statement’s payment due date. Interest is charged if the customer pays beyond this grace period or opts to withdraw cash using the card.
The grace period starts the day after a purchase and runs up to the statement date, then continues until the payment due date, which is 30 days after the statement is issued.
For example, in a billing cycle from December 19, 2025 to January 19, 2026, purchases made on December 19 can be paid as late as February 19, 2026 without interest, that’s the full 62 days, while purchases made on December 20 would have 61 days as the available period shortens with each passing day.
Billing Cycle And Payment Process
Each month, Salmon issues a billing statement on a set statement date which summarizes the customer’s purchases for that cycle, followed by a payment due date 30 days later. Paying the full statement balance within this window lets customers to take advantage of the zero-interest benefit on eligible transactions.
To settle a bill, users can open the Salmon app, go to the “Cash In” section, select “Full statement balance,” and pay using their preferred funding source. This process is designed to keep repayment straightforward and to encourage responsible use of the revolving credit line.
Holiday Spending And Budget Management
The offer is aimed at Filipinos who want to buy gifts and other holiday essentials without putting excessive pressure on their December cash flow. By deferring payment while avoiding interest, users can align their expenses with incoming income after the holidays, provided they pay in full by the due date.
The product is positioned as a practical tool for those who want more flexibility than cash-based spending but are wary of traditional credit card charges. However, users still need to monitor their billing cycles and avoid going beyond the 62-day grace period or making cash withdrawals if they want to keep costs down.
Getting Started With Salmon Credit
Consumers who want to use Salmon Credit can download the Salmon app from Google Play or the Apple App Store and register for an account. Once approved, they can access their credit line, generate a virtual card, use a physical card, or pay via QR PH at participating merchants.
Frequently Asked Questions (FAQ)
Q: How does the up to 62-day zero-interest period work with Salmon Credit?
A: The up to 62-day zero-interest period applies to eligible purchases made via QR PH or the Salmon Card when the customer pays the full statement balance on or before the payment due date, which falls 30 days after the statement date.
Q: Where can Salmon Credit be used for shopping?
A: Salmon Credit can be used in malls, restaurants, and online stores that accept Visa, Mastercard, or QR PH payments, through either the physical Salmon card, virtual card, or QR PH.
Q: Are there annual fees or long approval times for Salmon Credit?
A: Salmon Credit does not charge annual fees, and eligible applicants may be approved within about 10 minutes, allowing them to start using their credit line shortly after approval.
Q: How do users pay their Salmon Credit bill?
A: Users can open the Salmon app, tap “Cash In,” choose “Full statement balance,” and then complete payment through their selected funding source to clear their bill.
Q: Who is behind Salmon Credit and how is it regulated?
A: Salmon Credit is offered by Sunprime Finance Inc., a financing company licensed and regulated by the Philippine SEC, while Salmon Group Ltd and its founders oversee the broader fintech platform and app.
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Emman has been writing technical and feature articles since 2010. Prior to this, he became one of the instructors at Asia Pacific College in 2008, and eventually landed a job as Business Analyst and Technical Writer at Integrated Open Source Solutions for almost 3 years.
