The Incredible Shrinking Grace Period

You already know credit card costs can add up quickly if you carry a large balance or if your payment is late. But are you aware of some of the other ways credit card companies are putting the financial squeeze on customers?

Grace periods are shrinking. A grace period is the time between when a purchase is made and when the company begins charging interest on that purchase. Watch out for companies whose grace periods are one of the following:

• Grace periods slowly have been whittled down to 20 days for some cards.
• The grace period disappears if the cardholder already has a balance on the card.
• Some cards have no grace period at all, which means interest is added after each and every purchase.

Read the fine print of your credit card agreement, or contact the issuer to find out more about your card’s grace period.

If you are looking for an exceptional credit card, apply for our Platinum or Cash Rewards Visa. Both offer a low introductory rate of 0%APR for the first 6 months! There is a 25-day grace period on the card, plus you can even pay your bill online. This is a great credit card for members with premium credit.

Apply today!
Simply apply online and enjoy the convenience and power to purchase with your new HCU Visa.