1. Grace Period. What is a grace period? How can you use it to your advantage?

2. Finance Charge. When is a finance charge applied to credit purchases? What is the common range of interest rates on credit cards?

3. Cash Advance. What is a cash advance? How are they commonly obtained? Discuss interest rates and grace periods with regard to cash advances.

Answer rating: 100% (QA)

1 Grace Period A grace period is a specified period of time during which a borrower is not required ... View the full answer