What Is a Grace Period on a Credit Card?
The grace period on a credit card refers to the time the credit card company gives you before it begins charging interest. That period can be 20 or 25 days, depending on the card. But the fact is, most credit cards begin to charge interest immediately on your new purchases if you have not paid the credit card bill in full during the previous month. And some do not offer a grace period, at all, regardless of whether you have paid off your balance.
