Credit Card Grace Period Lantern

How Your Credit Card Grace Period Works and How to Use It

If you carry a credit card, you have probably noticed a window of time between when your statement closes and when your payment is due. That window is more than just a deadline. It is an opportunity to borrow money for free, provided you understand the rules that come with it. Most cardholders know the basics: pay your bill in full by the due date and you avoid interest. But the mechanics behind that arrangement are worth a closer look, especially if you want to make your cr