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The Chase Sapphire Preferred grace period is at least 21 days. The grace period lasts from the end of each billing period to the payment due date. If you pay your statement balance in full every month, Chase will not charge any interest.
What you should know about the Chase Sapphire Preferred grace period:
- 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 Chase Sapphire Preferred 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.
Keep in mind that the Chase Sapphire Preferred grace period only applies to purchases. That means any cash advances or balance transfers you make will begin to accrue interest the day you make them. However, you should probably avoid these transactions either way. That’s because cash advances and balance transfers are both expensive with this card.
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