Loans
Personal Loans Student Loan Refinance Auto Refinance Mortgages Mortgage Refinance
Credit CardsSavingsCredit Score
Learn
Learn

>

Glossary

>

G

>

Grace Period

Grace Period

For a credit card or loan, this is the time frame after a due date where an account holder can still make payment without typically receiving a penalty or late fee, to keep the account in good standing. With most credit card accounts, interest will still be applied for payments during the grace period.

Related Products

Credit Cards Graphic
Credit Cards