Grace period in credit cards, Other Subject

Assignment Help:

Grace Period

A credit card's grace period is the time the consumer has to recompense the balance previous to interest is charged to the balance. Grace periods differ, but generally range from 20 to 40 days depending on the type of credit card and the issuing bank. Some policies permit for return after certain circumstances are met.

Frequently, if a customer is not on time paying the balance, finance charges will be compute and the grace period does not be appropriate. Finance charges incurred depend on the grace period and balance; with most credit cards there is no grace period if there is any terrific balance from the preceding billing cycle or statement (i.e. interest is practical on both the preceding balance and new dealings). Though, there are some credit cards that will only be relevant finance charge on the preceding or old balance, excluding new transactions.


Related Discussions:- Grace period in credit cards

Principles of environmental control in a workplace, Question 1: (a) Ex...

Question 1: (a) Explain how environmental factors remain a major cause of sickness and death in many regions of the world. (b) How are Environmental Hazards classified?

Discuss the features of various types of state, Question 1 What are the Ri...

Question 1 What are the Rights of Citizenship in USA according to the Constitution? Question 2 Write a note on the importance of justice in twenty-first century USA Quest

Security governance, SECURIT Y GOVERNANCE The Software Engineering Ins...

SECURIT Y GOVERNANCE The Software Engineering Institute at Carnegie Mellon University, in a publication aristocratic "Governing for Enterprise Security (GES)", describes chara

Neural basis of speech and language, Neural basis of speech and language E...

Neural basis of speech and language Elucidating the neural basis of speech and language has been one of the greatest challenges in cognitive neuroscience. Much of what we know tod

Physiological processes, You are a new graduate nurse on your first rotatio...

You are a new graduate nurse on your first rotation in a 30-bed specialist trauma ward. It is 0800hrs on your morning shift and you have been allocated the care of a 21-year-old fe

Teacher in imerging indian socity, prakartebade ma sekchak sekshari & anusa...

prakartebade ma sekchak sekshari & anusasan ka varnan

Human nutrition, Human nutrition is a very vast and profound topic that has...

Human nutrition is a very vast and profound topic that has always been extensively taught and read about in every part of the world. Considering man to be the most developed being

Prioritising immediate care of this patient, You are a new graduate nurse o...

You are a new graduate nurse on your second rotation in a 40-bed acute surgical ward specialising in cardiothoracic-surgery. It is 1800hrs on your afternoon shift and you have been

LAW, Is sriram law academy for B.A. B.L. and sriram law academy training in...

Is sriram law academy for B.A. B.L. and sriram law academy training institute different in Chennai?

Graphically explain the optimal level of pollution, Question 1 Why is the...

Question 1 Why is the Harrod Model called a 'razor-edge' model? Question 2 Enumerate the reasons and events that validate balanced growth and the big push Questio

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd