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This video is for illustrative purposes only. As a charge card, the balance must always be paid in full each month in which no interest charges will apply. The interest free grace period is 28,29, 30 or 31 days from the closing date of the current statement to the closing date of the next statement depending on the number of days in the calendar month in which the closing date occurs. The payment due date that appears on your statement will be set to 6 days before the closing date to allow for payment processing by your financial institution and weekends and holidays. The number of interest free days varies based on a variety of factors, including when charges are posted to your account, whether your account is in good standing, and the closing date of your statement.
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