Glossary Terms: Minimum Grace Period on Purchases

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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.

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