what is a credit cards grace period? (1 point)\nit is the amount of time between the bill being issued and…

what is a credit cards grace period? (1 point)\nit is the amount of time between the bill being issued and your payment being due.\nit is the period during which the cards interest rate cannot change.\nit is the period during which you can return the card and not incur any fees.\nit is the amount of time after a purchase and before it starts accruing interest.

what is a credit cards grace period? (1 point)\nit is the amount of time between the bill being issued and your payment being due.\nit is the period during which the cards interest rate cannot change.\nit is the period during which you can return the card and not incur any fees.\nit is the amount of time after a purchase and before it starts accruing interest.

Answer

Brief Explanations:

A credit - card grace period is the time after a purchase and before interest starts to accrue on that purchase. It gives cardholders a window to pay off their balance without incurring interest charges.

Answer:

It is the amount of time after a purchase and before it starts accruing interest.