Would you be interested in an interest-free loan every month? If you have a credit card, you may already be taking that interest-free loan — whether you realize it or not — thanks to the credit card grace period.
A credit card grace period is the period of time between the closing of the monthly billing cycle and the due date of that bill for that cycle. If you pay your monthly balance in full by the due date, you can avoid interest charges on all of the purchases made during that billing period. That amounts to an interest-free loan during the grace period up until the point at which you pay the bill.
Credit card issuers are not obligated to offer a grace period, but most d...
from MoneyTips http://www.moneytips.com/credit-card-grace-periods
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