Question

Jessica always thought the grace-period feature of her credit card was a wonderful idea because her charges were interest-free during the grace period. After taking Dr. Art Keown's personal finance course, she learned this startling truth about grace periods. Question 16 options: Grace periods are actually beneficial to the credit card company. There are higher fees associated with grace periods. Most banks eliminate their grace period on new purchases if you don't pay your balance in full. All credit cards carry a grace period.

Answer 1

The truth that Jessica is going to have to learn about Grace period is the fact that Most banks eliminate their grace period on new purchases if you​ don't pay your balance in full.

What is a credit card grace period?

The grace period in the card is that time that exists between the end of the billing cycle and when the payment is due to be made by the customer.

If the customer pays in full before the date they may not be asked to pay any form of interest.

Read more on credit cards here: https://brainly.com/question/8806649

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