- Bargaineering - http://www.bargaineering.com/articles -

Credit Card Grace Period $0 Balance Only

Posted By Jim On 04/19/2006 @ 1:37 pm In Credit,Personal Finance | 3 Comments

If you carry a balance on your credit card from month to month, the 25-30 day grace period that almost all credit cards isn’t in effect. Only when your month-to-month balance is $0 do you get the interest free grace period that most people claim as one of the best and only reasons they use a credit card! I was pretty surprised when I was told this, in part because I’ve never carried a balance, but if I did and didn’t know I probably wouldn’t notice that I wasn’t getting the grace period.

So, all you folks out there who carry a balance, get a second card for purchases you intend to pay off with the next bill that way you can still take advantage of the grace periods.


Article printed from Bargaineering: http://www.bargaineering.com/articles

URL to article: http://www.bargaineering.com/articles/credit-card-grace-period-0-balance-only.html

URLs in this post:

[1] Tweet: http://twitter.com/share

[2] Email: mailto:?subject=http://www.bargaineering.com/articles/credit-card-grace-period-0-balance-only.html

Thank you for reading!