What is a credit card's grace period? (1 point)

Question

It is the amount of time between the bill being issued and your payment being due.

It is the period during which you can return the card and not incur any fees.

It is the period during which the card's interest rate cannot change.

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

Answer 1

A credit card's grace period is the amount of time between the bill being issued and your payment being due.