What is a credit card’s grace period?(1 point) Responses It is the amount of time between the bill being issued and your payment being due. It is the amount of time between the bill being issued and your payment being due. It is the amount of time after a purchase and before it starts accruing interest. It is the amount of time after a purchase and before it starts accruing interest. It is the period during which the card’s interest rate cannot change. It is the period during which the card’s interest rate cannot change. It is the period during which you can return the card and not incur any fees.
The correct answer is: It is the amount of time after a purchase and before it starts accruing interest.
The correct answer is: It is the amount of time after a purchase and before it starts accruing interest.
The correct answer is: It is the amount of time after a purchase and before it starts accruing interest.
To get this answer, you can look up the definition of a credit card's grace period. A grace period is a period of time, typically between 21 and 25 days, in which you can make purchases with your credit card without incurring any interest charges. This means that if you pay off your credit card balance in full within the grace period, you will not have to pay any additional interest on your purchases. It is important to note that not all credit cards offer a grace period, so it is advisable to check the terms and conditions of your specific credit card.