Contents.
What is a grace period?
How the grace period on a credit card works
Learn more about the grace period
How to use the grace period correctly
- plan large purchases at the beginning of the month to have more time to accumulate funds for repayment;
- remember that a separate fee of 4% is charged for cash withdrawals;
- always have a backup plan for repaying your debt;
- regularly check your account balance and transaction history.
How to control the grace period
- when you receive a credit card, find out about all the nuances of calculating the grace period from your bank;
- make payments 2-3 days before the grace period ends.