A grace period is the period of time you have to pay your credit card balance before interest or fees are assessed.

Question

Quizplus · Accepted Answer

This statement is true. A grace period is a period of time during which a credit card company does not charge interest on new purchases or fees on payments made. This period usually ranges from 21 to 25 days, but may vary depending on the credit card issuer and the terms of the card agreement.

A Grace Period Is the Period of Time You Have