Added June 16, 2010 from: Mike Killian
Answered By Mike Killian:The grace period for any card is dependent on your contract. Some cards have twenty-five days and some have thirty. Some cards even have no grace period. For example if your contract has a statement such as the following in association with "grace period," you should note what it is not saying: "We will not charge you periodic finance charges on new purchases, or any portion of a new purchase, paid by the due date on your current billing statement if you paid your entire balance on your previous billing statement in full by the due date on that statement." It says nothing about an extended grace period; therefore, you can assume there is none. If you no longer have your contract or cannot find it, you should call your card issuer to be certain.
If you are applying for a credit card online, then you can find the grace period listed in the terms and conditions.
- I keep being denied a credit card so what do I do? I'm full-time college student and work one full-time job so I have income, but I need a credit card to build up my credit so I can buy a car.
- Do you have to be a student to apply for a student credit card, or are these applicable for recent graduates as well?
- Can my son get a student card since he's going back to school?
How to find the best Cash Back credit card?
Top articles from Mike Killian
- Are Discover Card credit cards any good?
- Is a credit score of 725 considered good?
- Which bank offers the best debit card?
- Supposing you have a perfect credit score of 800 or better; which credit card offers the highest credit limits?
- On a credit card application, can you include your spouse's income under household income? What about other people that live with you?