Established Contributor
Posts: 676
Registered: ‎06-06-2012
Re: CNN Money story about "Credit Cards From Hell"

"On top of the high rate and fees, the issuer doesn't give customers any grace period, which is the time between the date of a statement and the date interest begins accruing"

 

Wow. I thought they were obligated to give a grace period legally. So then why does every other card give a grace period, is it simply market competition that could some day change?