The correct response is:
It is the amount of time after a purchase and before it starts accruing interest.
The grace period typically allows you to pay off your balance without incurring interest, provided you pay the full amount by the due date.
What is a credit card’s grace period?(1 point)
Responses
It is the period during which the card’s interest rate cannot change.
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.
It is the amount of time after a purchase and before it starts accruing interest.
It is the period during which you can return the card and not incur any fees.
It is the period during which you can return the card and not incur any fees.
It is the amount of time between the bill being issued and your payment being due.
1 answer