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07.25.23 Timely Advice to Maximize Savings / Clark’s European Vacation

The Clark Howard Podcast

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The Benefits of a Grace Period

Why do credit card companies give a grace period? Why doesn't the interest start accruing on this day that you make a purchase? I can speculate but I want to know the real answer from our finance expert. The system is so tilted towards those of us who pay our balances in full who are being subsidized by those who can't or just lifestyle, they don't pay their balances in full.

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