What does this mean

Jaye always thought the grace$-$period feature of her credit card was a

wonderful idea because her charges were interest$-$free during the grace

period. After taking personal finance course, she learned this startling truth

about grace periods.

Grace periods are actually beneficial to the credit card company.

There are higher fees associated with grace periods.

Most banks eliminate their grace period on new purchases if you don't pay your

balance in full.

All credit cards carry a grace period.

It refers to the period of time between billings.

Membership fee

Cash Advance

Finance Charges

Billing Cycle