what is the definition of a grace period? an incentive for having a credit card for a certain length of time…
what is the definition of a grace period? an incentive for having a credit card for a certain length of time the length of time before interest is charged on new purchases the length of time you have to pay off a late fee a time period, usually six months, when a new credit card is interest - free
Answer
Brief Explanations:
A grace - period on a credit card is the time between the end of a billing cycle and the due date for payment during which no interest is charged on new purchases if the balance from the previous cycle is paid in full.
Answer:
The length of time before interest is charged on new purchases