Question

what is the grace period on a credit card
A. the amount of time a person has to wait to get approved for the card
B. the number of years a person has to have worked before being able to get a card.
C. the number of months the customer has to pay off a balance transferred from another card.
D. the number of days the customer can wait to pay for purchases without being charged interest

Answer 1

A Grace period is the number of days in which a customer can wait to pay for. purchases before an interest charge is accrued. D. is your answer. Have a great day:)

Answer 2

The time between the conclusion of a billing cycle and the day on which your payment is due is known as a grace period.

What exactly is a credit card grace period?

• If you settle your debt in full by the due date, you could not be assessed interest during this time.
• Companies that accept credit cards are not compelled to offer a grace period.
• The majority of credit cards do, however, offer a grace period for purchases.
• You can avoid paying interest on new purchases if you pay your balance in full by the due date if your card has a grace period and you are not carrying a balance.
• You will be charged interest on the unpaid portion of the balance if you forfeit your grace period by failing to pay your entire balance by the due date.
• Grace periods with credit cards normally only apply to buy transactions.

Learn more about credit card grace period here https://brainly.com/question/1536915

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