What Is a Credit Card Grace Period?

The credit card grace period is something to be aware of if you are one of the many consumers who holds multiple credit cards. Here are the basics of the credit card grace period.

Credit Card Grace Period

The credit card grace period is a certain number of days after your due date that the credit card company will accept payment without charging you any late fees or interest. For example, you might have 10 to 15 days after your due date to actually make your monthly payment without incurring any extra charges.

Credit Card Policy

If you have a credit card, you will want to make sure that you understand the grace period policies that come with it. You need to call the customer service of your credit card company and ask about the grace period. Some credit card companies do not have a grace period available for their customers. If this is the case, you will want to be aware of that fact so that you can avoid getting any late payments or unnecessary interest charges on your account. Otherwise, you could be throwing away money on a regular basis.

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