Is there a grace period on the Amazon Credit Card?

Find out whether or not you have a grace period on the Amazon Credit Card when using your credit card for purchases.

d="ezoic-pub-ad-placeholder-612" data-inserter-version="2">

You’ve probably heard of a grace period before about credit cards. But what exactly is a grace period and does the Amazon Credit Card have one? Keep reading to find out everything you need to know about the Amazon Credit Card grace period.

What is a Credit Card Grace Period?

Is there a grace period on the Amazon Credit Card
Is There A Grace Period On The Amazon Credit Card

A credit card grace period is the time between when your credit card bill is generated and when the payment is due. During this time, you can avoid paying interest on your credit card balance as long as you pay off your balance in full. Grace periods typically last for 21 days.

However, it’s important to note that if you make a purchase using your credit card after your bill has been generated, you will not have a grace period for that purchase. This means that any new purchases will accrue interest from the date of purchase.

Does the Amazon Credit Card Have a Grace Period?

The Amazon Credit Card has a 21-day grace period from the end of each billing cycle until the payment due date. This means that as long as you pay off your balance in full every month, you will not be charged any interest on your balance.

However, if you only pay part of your balance or make a new purchase after your bill has been generated, you will lose your grace period and accrue interest on your remaining balance plus any new purchases.

To reinstate your grace period, you will need to pay off your statement balance in full for two consecutive months. Once you do this, your grace period will be restored and you will once again avoid paying interest on your balance as long as you pay off your balance in full every month.

Please keep in mind that grace periods are not applicable to cash advances or balance transfers. Therefore, any cash advances or balance transfers you make will incur interest from the date of the transaction. Unfortunately, there is no way to bypass paying interest on these types of transactions.

Conclusion:

The Amazon Credit Card has a minimum grace period of 21 days from the end of each billing cycle until the payment due date. This means that as long as you pay off your balance in full every month, Chase will not charge any interest.

However, if cardholders pay less than the full amount due or make a new purchase after their bill has been generated, they will lose their grace period and accrue interest on their remaining balance plus any new purchases.

To get their grace period back, cardholders will need to pay their statement balance in full for two consecutive months.

Keep in mind that grace periods do not cover cash advances or balance transfers, so cardholders should be aware that these types of transactions will start accruing interest from the date of the transaction with no way to avoid it.

Leave a Comment