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08-15-2012, 04:06 PM #1
Does Discover Have a Grace Period?
What is the grace period for Discover? It looks like I am getting charged interest regardless of when I pay and can't figure out why this is happening? I know that with most cards you usually have at least a 15 day grace period before you get hit with interest, so why do I keep getting interest charges with Discover?
08-16-2012, 12:25 AM #2
The grace period should be at least 23 days, HOWEVER it only applies if you pay your balance in full. If you don't pay off your full balance each month you are charged interest on each purchase from the day it was made - this is most likely your issue.Bad Credit? Read This >> The Ultimate List of Resources For Building Your Credit
08-16-2012, 06:05 PM #3Need a Card to Build/Rebuild Your Credit With? Read This >> Best Credit Cards For Building Your Credit
08-16-2012, 06:42 PM #4
03-06-2016, 07:57 AM #5
We just were late with a payment. Got too distracted (darn flu season). Discover was totally cool with it. Let us send in the payment a couple days late with no penalties.
But I was embarrassed. So I set my card up for automatic debit from our savings account. Probably should have done that years ago.