Glossary Terms: Minimum Grace Period on Cash Advance

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Credit Card Applications » Glossary » Minimum Grace Period on Cash Advance

Minimum Grace Period on Cash Advance

During a grace period, no interest or finance charge will be assessed. Grace periods begin when you make a purchase or withdrawal and give you time to pay your balance without a fee. Most cash advances do not have a grace period and begin accruing interest immediately; for this reason it’s best not to use credit cards for cash advances except in emergencies.

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