Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is a payment grace period?

grace payment period
0
Posted

What is a payment grace period?

0

Generally, the card issuer gives the cardholder a set number of days (21 at a minimum) from the statement date to make the minimum payment as shown on the statement. This is called the payment grace period. When certain conditions are met, it allows cardholders to use their credit card to make purchases without paying any interest.

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123