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What are grace period and illing date in a credit card transaction?

April 26, 2017Business credit credit card Finance grace period transaction

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What are grace period and illing date in a credit card transaction?

1 Answer

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10 Posted

The grace period is the number of days after the billing date in which you have to pay your credit card in full without being charged interest. The billing date is also the statement date, the day that the credit card company figures up your bill to date and sends it to you for payment.