Question: What does this mean Jaye always thought the grace - period feature of her credit card was a wonderful idea because her charges were interest

What does this mean
Jaye 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 personal finance course, she learned this startling truth
about grace periods.
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.
It refers to the period of time between billings.
Membership fee
Cash Advance
Finance Charges
Billing Cycle

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