Chip Lupo, Credit Card Writer
Yes, the Capital One Platinum Secured Card has a grace period of at least 25 days, lasting from the end of each billing cycle until the payment due date. If cardholders pay their Capital One Platinum Secured statement balance in full every month, Capital One will not charge any interest.
Keep in mind that you are not required to pay the entire balance by the due date. But if you decide to pay less than the full amount due, you will lose the grace period. The remaining Capital One Platinum Secured balance and any new purchases will then start to accrue interest that compounds daily. To get a credit card grace period back, you will need to pay the statement balance in full for two consecutive months.
It’s also important to note that grace periods do not apply to cash advances or balance transfers.
Capital One Platinum Secured Credit Card
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