Comments on: Is grace period different from billing period? http://www.student--creditcards.com/2010/03/is-grace-period-different-from-billing-period/ Helping students pick a credit card Mon, 31 May 2010 22:33:45 -0400 http://wordpress.org/?v=2.8.4 hourly 1 By: flawdaboyz561 http://www.student--creditcards.com/2010/03/is-grace-period-different-from-billing-period/comment-page-1/#comment-185 flawdaboyz561 Sun, 07 Mar 2010 20:40:30 +0000 http://www.student--creditcards.com/2010/03/is-grace-period-different-from-billing-period/#comment-185 The grace period is a set number of days after your billing cycle ends that the creditor gives you so you can recieve your statement make a payment. In this case, your grace period would be 20days. For example, if your billing cycle ends on the 5th of the month, you have until the 25th of that month to make a payment before they charge you with a late fee impact your credit. The grace period is a set number of days after your billing cycle ends that the creditor gives you so you can recieve your statement make a payment. In this case, your grace period would be 20days. For example, if your billing cycle ends on the 5th of the month, you have until the 25th of that month to make a payment before they charge you with a late fee impact your credit.

]]> By: naugahide http://www.student--creditcards.com/2010/03/is-grace-period-different-from-billing-period/comment-page-1/#comment-184 naugahide Fri, 05 Mar 2010 06:24:13 +0000 http://www.student--creditcards.com/2010/03/is-grace-period-different-from-billing-period/#comment-184 Grace period is the # of days from when your billing cycle ends. Billing period is simply the dates included in your billing statement - usually a 30 day period or the previous month. So all your transactions in the previous month makes up your billing period and the grace period follows the preset number of days after the billing period ends where you are responsible for paying your bill. Often you don't receive your mailed statement until part way into your grace period, so keep that in mind and don't get caught paying late fees. Grace period is the # of days from when your billing cycle ends. Billing period is simply the dates included in your billing statement – usually a 30 day period or the previous month.

So all your transactions in the previous month makes up your billing period and the grace period follows the preset number of days after the billing period ends where you are responsible for paying your bill.

Often you don’t receive your mailed statement until part way into your grace period, so keep that in mind and don’t get caught paying late fees.

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