How Do You Compare Credit Card Grace Periods?
These days, it seems as though credit card companies are giving consumers the runaround on everything from annual percentage rates to hidden fees. It’s important for consumers to know everything about their credit cards, including the grace period—the time the card holder has to pay the balance before interest is assessed. Grace periods for credit cards can be a complicated factor when trying to find the right credit card. But doing your homework and comparing grace periods can help you decide which credit card company will suit you best. Call or research the credit card company you are interested in. Grace periods can sometimes depend on your credit and user agreement, but they’re typically the same for all members. According to the Federal Citizen Information Center, all credit card solicitations and applications must include certain key information, such as annual percentage rates, variable-rate information and grace periods. Make sure the credit card company actually offers a gra
