 TITLE: What Is a Grace Period? CONTENT: What Is a Typical Grace Period for a Credit Card?\n-------------------------------------------------\nFor credit cards, grace periods are defined slightly differently. Credit card grace periods don't protect you from late fees like with mortgages, but rather they give you time to pay your balance in full without being charged interest on your purchases. Typically, the grace period on your credit card is the time between the end of your billing cycle and the day your payment is due.\nWhile credit card companies are not legally required to give you a grace period, many issuers do. Grace periods for credit cards will vary depending on the card issuer, but federal law requires that credit card companies send you your bill within 21 days of the payment due date, which means that you'll have at least 21 days' notice of how much you owe for that billing period. END