Bank credit card purchases always begin accruing interest charges immediately.

Name: Bank credit card purchases always begin accruing interest charges immediately.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Bank credit card purchases have a grace period during which no interest charges accrue. This grace period can vary depending on the card issuer and the specific card terms. However, if the balance is not paid in full before the end of the grace period, interest charges will then begin to accrue on the unpaid balance.

Bank Credit Card Purchases Always Begin Accruing Interest Charges Immediately