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Question 11

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Understanding how credit card grace periods work can help you avoid paying unnecessary interest. Grace periods are the time between your statement closing date and your payment due date. If you pay off your balance within this period, you can avoid interest charges. This question will assess your knowledge of credit card grace periods.

What happens if you don't pay your credit card balance during the grace period?

Did You Also Know...

By Quiz Coins

In Spain, a tomato-throwing festival called "La Tomatina" is held annually in the town of Buñol. Tens of thousands of people gather to hurl tomatoes at each other for fun!