The grace period is the time between the end of your billing cycle and your due date. You won’t be charged with any interest on your balances if you always pay your Capital One Quicksilver balance in full by the due date every billing cycle.
Keep in mind that you will lose your grace period if you don’t pay your bill in full once. That means your purchases would start accruing interest right away. In case this happens, continue paying in full and you’ll get your grace period back in two months.
It’s also worth noting that the grace period does not apply to cash advances and balance transfers. Interest starts accruing immediately for cash advances, so it’s best to reserve them for emergencies. Balance transfers also accrue interest immediately, unless you benefit from an introductory 0% APR offer.
The Capital One grace period lasts at least 25 days. It is the time between the close of a billing cycle and when your bill is due. You won’t be charged interest during the grace period if you pay your balance in full by the due date every month. Grace periods aren’t permanent, though. You will lose your Capital One grace period if you don’t pay your bill in full one month. As a result, purchases will begin to accrue interest right away. Plus, you’ll have to pay in full two months in a row to get the grace period back.… read full answer
Those are the basics of the grace period, but there are a few more relevant details to be aware of.
Here’s what you should know about the Capital One grace period:
The grace period for Capital One cards is at least 25 days. It allows you to avoid interest on your monthly balance between the end of your billing period and your due date.
If you lose your grace period, you can get it back by paying your full balance on time for two consecutive months.
The grace period doesn’t apply to cash advances or balance transfers. Interest starts accruing as soon as you get a cash advance. It starts accruing right away on balance transfers too, unless you have a 0% APR introductory period.
The Capital One grace period is a useful perk that saves you money on interest. So, it’s yet another reason to always pay your bill in full and on time. And setting up automatic monthly payments from a bank account is a great way to make sure that happens.
The Capital One Quicksilver late fee is up to $40, which applies when cardholders don’t make the minimum payment by the due date. The late fee for the Capital One Quicksilver can never exceed the minimum payment amount, though, thanks to the CARD Act of 2009.
If you accidentally make less than the required minimum payment or you miss your Capital One Quicksilver due date entirely, you can always ask customer service to waive the late fee by calling … read full answercustomer service. This is much more likely to work if you have a great payment history with Capital One, but even if not, there’s no harm in asking.
To avoid getting hit with late fees in the future, make sure to pay at least your minimum required payment each month. The best way to ensure that you never miss a payment is by setting up autopay.
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