A short period of time, usually 20 to 30 days, during which you can pay your credit card bill in full and not incur any interest charges, is:
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A. B. C. D.A
The correct answer to the question is A. Grace period.
A grace period is a specific period of time, usually 20 to 30 days, during which a credit card holder can pay off their entire balance without incurring any interest charges. This period usually starts at the end of a billing cycle and ends before the due date of the next payment.
During the grace period, the credit card issuer does not charge any interest on the outstanding balance. However, if the credit card holder does not pay off the entire balance by the end of the grace period, interest charges will be applied to the remaining balance.
It is important to note that not all credit card companies offer a grace period. Additionally, some credit card companies may offer a shorter or longer grace period, so it's important to read the terms and conditions of the credit card agreement carefully.
In contrast to a grace period, the term of credit refers to the length of time a borrower has to repay a loan or credit card balance. Base period and cash in advance are not related to credit card payment terms. Base period is a term commonly used in finance to refer to a specific time period for which data is being analyzed, while cash in advance refers to a payment term where a buyer must pay for goods or services before they are received.