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natalietejada natalietejada
  • 15-07-2016
  • Business
Answered

What is a "grace period"? How can it help you manage a credit card wisely?

Verified Answer :

WorldlyGlass49
WorldlyGlass49 WorldlyGlass49
  • 15-07-2016

A grace period is a period after one fails to pay his bills during which the bank does not bother you to pay it as long as the grace period lasts. It can be useful because you can plan on when you will pay your credit card bills based on how big your grace period is.

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