NO 25-day grace period

Discussion in 'Credit Talk' started by Harry, Jul 8, 2000.

  1. Harry

    Harry Guest

    What does it mean exactly when a credit card says that they give no 25-day grace period? Does that mean that all my purchases will be given a finance charge regardless of whether or not I pay my balance in full? I don't understand this and think it's unfair that any bank would instill such a practice. By the way, it's Aria Persona Visa. Thanks!
  2. creditwork

    creditwork Well-Known Member

    No grace period means the clock starts ticking the moment the transaction is made. It is not unfair, they are charging you for the use of their money. The grace period is one of the nice things credit cards offer, but more and more of them are reducing it or eliminating it.

    Profit from the experience.
  3. spyguyjim

    spyguyjim Guest

    Welcome to the world where you are taken advatage of when you fail to read the fine print.

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