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What Is a Credit Card Grace Period?
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Many credit cards offer what’s known as a grace period, which means that a card member will not be charged interest on their purchases so long as two conditions are met: (1) the card member pays the outstanding balance in full on time and (2) there was no outstanding balance on the account at the beginning of the billing cycle. This video addresses how grace periods work and how you may be able to benefit from a grace period if your credit card offers one.
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