Glossary Terms: Minimum Grace Period on Purchases


ADVERTISING DISCLOSURE: is an independent, advertising-supported web site. receives compensation from most credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » Glossary » Minimum Grace Period on Purchases

Minimum Grace Period on Purchases

Grace periods, or the amount of time you have to pay a balance before interest begins to accrue, are usually 25 days long but may be longer or shorter. Most cards offer a grace period on purchases as long as the account is current and all payments are being made in accordance with the terms and conditions of the account.

Add to Favorites:

Related Terms

Our Experts about Credit Card Basics
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
Choose Terms Category:

Balance Transfer: Save on Average $1,400

May 08, 2015

You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!