Q
What is a credit card grace period?
A
Expert Answer
The grace period is the time between purchase and payment due date when no interest accrues, typically 21-25 days. Pay your full balance by the due date to avoid interest. Carrying a balance eliminates the grace period on new purchases until fully paid.
Key Insight
The grace period is the time between purchase and payment due date when no interest accrues, typically 21-25 days.
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