How long is the Mastercard grace period? This question is about Mastercard Credit Cards

How long is the Mastercard grace period?

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This question is about Mastercard Credit Cards

April Lynch, Member

@april_lynch • 09/03/20 This answer was first published on 09/03/20. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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The Mastercard grace period is 21 days on an average. Grace periods are determined by the issuing bank, not by the card network.

Grace period is the time between the close of a billing cycle and when your bill is due. And 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 it if you don’t pay your bill in full one month. As a result, purchases will begin to accrue interest right away. And you’ll have to pay in full two months in a row to get the grace period back.

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