Stay in Good Graces

"Most payment cards offer a grace period within which you can pay off the total balance of your account and avoid any finance charges. In a way, it's like an interest-free loan for up to 30 days, because purchases paid off during the billing period during which they were incurred do not accrue interest. In fact, many consumers pay their balance in full during this period.

Source:http://www.credit-factor.com
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