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

Why do you think there have been so many accounting, Why do you think there...

Why do you think there have been so many accounting scandals in recent years?

Legal issues in the environment, Legal Issues in the Environment: Environm...

Legal Issues in the Environment: Environment are surrounds or environs; surrounding conditions, forces or influences, by which living forms are influenced & modified in their deve

International marketig, List out the secondary sources of information while...

List out the secondary sources of information while pursuing market research.

Advantages of internet - information, Information: Information is almos...

Information: Information is almost certainly the biggest benefit internet is offering. The Internet is an effective wealth trove of information. Any type of information on any

Explain stages of moral development, Question 1: (a) (i) Briefly descr...

Question 1: (a) (i) Briefly describe the six stages of moral development as elaborated by Lawrence Kohlberg. (ii) Highlight some criticisms leveled against Kohlberg's theo

Propertiness of properly, Propertiness of Properly: Perhaps the lastin...

Propertiness of Properly: Perhaps the lasting significance of Victoria Park Racing lies in the fact that the conflict between the majority and minority views in this case thro

Culture, how do campaigns affect liberal democracy?

how do campaigns affect liberal democracy?

Gallbladder in digestion process, The gallbladder stores and concentrates b...

The gallbladder stores and concentrates bile, a substance produced by the liver that aids in the digestion of fats. It does not secrete bile .Bile breaks down fats and coats them w

Factors effecting differential scanning calorimeter, brief explanation of f...

brief explanation of factors effecting differential scanning calorimeter

Business Organization law, hi i want help in making of assignment of organi...

hi i want help in making of assignment of organization law

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