http://www.savvysugar.com It makes sense. en http://media.onsugar.com/v273/static/imgs/feeds/logos/savvysugar.jpg http://www.savvysugar.com http://www.savvysugar.com/Grace-Period-1907377 <a href="http://www.savvysugar.com/Grace-Period-1907377"><img width=160 height=106 src='http://media.onsugar.com/files/upl1/10/104165/36_2008/med243060.large.jpg'></div></a><p>A grace period is the period from the date a statement was prepared by the issuer (statement date) to the payment-due date. No interest will be charged if the whole balance is paid by the end of the period. These interest-free grace periods typically last 25 days, but 20-day periods are becoming more common. </p> <p><span class="inline left"></span></p> <p>When you're looking for a credit card, avoid cards that don't offer a grace period, because you'll end up paying interest immediately upon purchase. It pays to search for a card with a longer grace period, because the amount of time you have interest-free affects how much interest you'll end up paying overall.</p> <p><a href="http://www.gettyimages.com/" onclick='trackOutboundLink("/outgoing/www.gettyimages.com/", ""); return true;' target="_blank">Source</a> </p> http://www.savvysugar.com/Grace-Period-1907377#comment credit card Savvy Vocab grace period Tue, 02 Sep 2008 15:30:46 -0700 SavvySugar http://www.savvysugar.com/Grace-Period-1907377