Credit Card: What is a grace period and how does it work? Know 5 important things

Last updated: September 19, 2025, 22:44 IST CREDIT CARD: The understanding of the credit card period of credit card and completing payments in time can save you from the web of interest, fine and debt. Not only will it save your money, but your credit rating will also be strong. Credit card: The tendency of credit cards is increasing in the country quickly. Earlier it was limited to only major cities, but now people have started using it in small cities and towns. Credit card is important in promoting cashless transactions and promoting digital payment. Not only is credit card a way to spend, but it can also be a profitable agreement for you by using wisely. The most important feature in this is the grace period, that is, the interest -free time between the end of the billing bike and the Du date. What is grace period? Grace period is the time when you can avoid interest by paying your fees. Usually the bank statement gives 18-20 days after date. If you pay full payment during this time, there is no interest. But the interest begins immediately with the payment of the execution. Interest -free benefits – Grace period only applies if you pay the entire outstanding time. This advantage ends by making a personal payment. Importance of timely payment – Once the payment is missed, the late fees, notice and creditworthiness can be affected. Not applied to cash withdrawal – Grace period is not available to withdraw cash from ATM. Immediate interest and cash advance fees are charged. Understand the billing cycle – always do big shopping at the beginning of the billing bike so you get more time to pay. Emergency preparation – Credit card is borrowed from the future. So watch the date, set auto payment or memory and avoid unnecessary expenses and plan for emergencies in advance. Over the past 8 years, author Vinoy Jha has been working as a senior copy editor in News18Hindi after starting his career with print media. Business News Team has been part of the team for almost 4 years. He has experience in the media about one and a half decades. Business … Read more, after it has started a career with print media over the past 8 years, it works in News18hindi as a senior copy editor. Business News Team has been part of the team for almost 4 years. He has experience in the media about one and a half decades. Business … Read more here to add News18 as your favorite news source on Google. Location: New -delhi, Delhi First published: September 19, 2025, 22:44 What are home businesses What is the grace period and how does it work? Know 5 important things