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What is the Discover card’s grace period?

Written by Oliver Laker on February 4, 2011.

A: Sure. You didn’t mention which Discover card you have, so I will go over the grace period for their most common cards. As of January 2011 they are as follows:

Discover More This is their most popular card which gives 5% cash back in rotating categories. The grade period for the Discover More card is 25 days after a billing cycle closes (with the exception of billing cycles that begin in February, in which the grace period is at least 23 days).

Discover Escape This travel rewards credit card gives a full 2% rebate on every dollar you spend. Its grace period is the same as the More card.

Discover Miles This is their no annual fee travel card that gives 1 mile per dollar. The same grace period rules apply.

Discover Open Road It gives double cash back at both gas stations and restaurants. This Discover card’s grace period is the same as the above.

Discover Motiva This card is actually geared towards those whom carry a balance. Same grace period applies.

The Discover card’s grace period is typical for a bank-issued, major credit card. On all of the above cards there is no grace period on balance transfer amounts, which is also standard practice in the credit card industry.

Important: As with all credit cards, keep in mind the grace period only applies if you pay your balance in full. If you don’t, you will be charged interest going back to the dates of your purchases (these interest charges will be reflected on the next bill). A lot of people forget this and are left with sticker shock when they see the amount of their interest charges, because they thought that interest only starts after the grace period… that’s not the case if you don’t pay in full.

If you are carrying a balance on your Discover card, you may want to consider switching it over using one of these 0% credit cards for balance transfers.

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    What is the Discover card’s grace period?

    Written by Oliver Laker on February 4, 2011.

    A: Sure. You didn’t mention which Discover card you have, so I will go over the grace period for their most common cards. As of January 2011 they are as follows:

    Discover More This is their most popular card which gives 5% cash back in rotating categories. The grade period for the Discover More card is 25 days after a billing cycle closes (with the exception of billing cycles that begin in February, in which the grace period is at least 23 days).

    Discover Escape This travel rewards credit card gives a full 2% rebate on every dollar you spend. Its grace period is the same as the More card.

    Discover Miles This is their no annual fee travel card that gives 1 mile per dollar. The same grace period rules apply.

    Discover Open Road It gives double cash back at both gas stations and restaurants. This Discover card’s grace period is the same as the above.

    Discover Motiva This card is actually geared towards those whom carry a balance. Same grace period applies.

    The Discover card’s grace period is typical for a bank-issued, major credit card. On all of the above cards there is no grace period on balance transfer amounts, which is also standard practice in the credit card industry.

    Important: As with all credit cards, keep in mind the grace period only applies if you pay your balance in full. If you don’t, you will be charged interest going back to the dates of your purchases (these interest charges will be reflected on the next bill). A lot of people forget this and are left with sticker shock when they see the amount of their interest charges, because they thought that interest only starts after the grace period… that’s not the case if you don’t pay in full.

    If you are carrying a balance on your Discover card, you may want to consider switching it over using one of these 0% credit cards for balance transfers.

    Similar Posts:

    Share

    Post Comment

    What is the Discover card’s grace period?

    Written by Oliver Laker on February 4, 2011.

    A: Sure. You didn’t mention which Discover card you have, so I will go over the grace period for their most common cards. As of January 2011 they are as follows:

    Discover More This is their most popular card which gives 5% cash back in rotating categories. The grade period for the Discover More card is 25 days after a billing cycle closes (with the exception of billing cycles that begin in February, in which the grace period is at least 23 days).

    Discover Escape This travel rewards credit card gives a full 2% rebate on every dollar you spend. Its grace period is the same as the More card.

    Discover Miles This is their no annual fee travel card that gives 1 mile per dollar. The same grace period rules apply.

    Discover Open Road It gives double cash back at both gas stations and restaurants. This Discover card’s grace period is the same as the above.

    Discover Motiva This card is actually geared towards those whom carry a balance. Same grace period applies.

    The Discover card’s grace period is typical for a bank-issued, major credit card. On all of the above cards there is no grace period on balance transfer amounts, which is also standard practice in the credit card industry.

    Important: As with all credit cards, keep in mind the grace period only applies if you pay your balance in full. If you don’t, you will be charged interest going back to the dates of your purchases (these interest charges will be reflected on the next bill). A lot of people forget this and are left with sticker shock when they see the amount of their interest charges, because they thought that interest only starts after the grace period… that’s not the case if you don’t pay in full.

    If you are carrying a balance on your Discover card, you may want to consider switching it over using one of these 0% credit cards for balance transfers.

    Similar Posts:

    Share

    Post Comment

    What is the Discover card’s grace period?

    Written by Oliver Laker on February 4, 2011.

    A: Sure. You didn’t mention which Discover card you have, so I will go over the grace period for their most common cards. As of January 2011 they are as follows:

    Discover More This is their most popular card which gives 5% cash back in rotating categories. The grade period for the Discover More card is 25 days after a billing cycle closes (with the exception of billing cycles that begin in February, in which the grace period is at least 23 days).

    Discover Escape This travel rewards credit card gives a full 2% rebate on every dollar you spend. Its grace period is the same as the More card.

    Discover Miles This is their no annual fee travel card that gives 1 mile per dollar. The same grace period rules apply.

    Discover Open Road It gives double cash back at both gas stations and restaurants. This Discover card’s grace period is the same as the above.

    Discover Motiva This card is actually geared towards those whom carry a balance. Same grace period applies.

    The Discover card’s grace period is typical for a bank-issued, major credit card. On all of the above cards there is no grace period on balance transfer amounts, which is also standard practice in the credit card industry.

    Important: As with all credit cards, keep in mind the grace period only applies if you pay your balance in full. If you don’t, you will be charged interest going back to the dates of your purchases (these interest charges will be reflected on the next bill). A lot of people forget this and are left with sticker shock when they see the amount of their interest charges, because they thought that interest only starts after the grace period… that’s not the case if you don’t pay in full.

    If you are carrying a balance on your Discover card, you may want to consider switching it over using one of these 0% credit cards for balance transfers.

    Similar Posts:

    Share

    Post Comment

    What is the Discover card’s grace period?

    Written by Oliver Laker on February 4, 2011.

    What is the Discover card’s grace period?

    Written by Oliver Laker on February 4, 2011.

    A: Sure. You didn’t mention which Discover card you have, so I will go over the grace period for their most common cards. As of January 2011 they are as follows:

    Discover More This is their most popular card which gives 5% cash back in rotating categories. The grade period for the Discover More card is 25 days after a billing cycle closes (with the exception of billing cycles that begin in February, in which the grace period is at least 23 days).

    Discover Escape This travel rewards credit card gives a full 2% rebate on every dollar you spend. Its grace period is the same as the More card.

    Discover Miles This is their no annual fee travel card that gives 1 mile per dollar. The same grace period rules apply.

    Discover Open Road It gives double cash back at both gas stations and restaurants. This Discover card’s grace period is the same as the above.

    Discover Motiva This card is actually geared towards those whom carry a balance. Same grace period applies.

    The Discover card’s grace period is typical for a bank-issued, major credit card. On all of the above cards there is no grace period on balance transfer amounts, which is also standard practice in the credit card industry.

    Important: As with all credit cards, keep in mind the grace period only applies if you pay your balance in full. If you don’t, you will be charged interest going back to the dates of your purchases (these interest charges will be reflected on the next bill). A lot of people forget this and are left with sticker shock when they see the amount of their interest charges, because they thought that interest only starts after the grace period… that’s not the case if you don’t pay in full.

    If you are carrying a balance on your Discover card, you may want to consider switching it over using one of these 0% credit cards for balance transfers.

    Similar Posts:

    Share

    A: Sure. You didn’t mention which Discover card you have, so I will go over the grace period for their most common cards. As of January 2011 they are as follows:

    Discover More This is their most popular card which gives 5% cash back in rotating categories. The grade period for the Discover More card is 25 days after a billing cycle closes (with the exception of billing cycles that begin in February, in which the grace period is at least 23 days).

    Discover Escape This travel rewards credit card gives a full 2% rebate on every dollar you spend. Its grace period is the same as the More card.

    Discover Miles This is their no annual fee travel card that gives 1 mile per dollar. The same grace period rules apply.

    Discover Open Road It gives double cash back at both gas stations and restaurants. This Discover card’s grace period is the same as the above.

    Discover Motiva This card is actually geared towards those whom carry a balance. Same grace period applies.

    The Discover card’s grace period is typical for a bank-issued, major credit card. On all of the above cards there is no grace period on balance transfer amounts, which is also standard practice in the credit card industry.

    Important: As with all credit cards, keep in mind the grace period only applies if you pay your balance in full. If you don’t, you will be charged interest going back to the dates of your purchases (these interest charges will be reflected on the next bill). A lot of people forget this and are left with sticker shock when they see the amount of their interest charges, because they thought that interest only starts after the grace period… that’s not the case if you don’t pay in full.

    If you are carrying a balance on your Discover card, you may want to consider switching it over using one of these 0% credit cards for balance transfers.

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