2007-01-26 02:31:07 · 3 answers · asked by ? 1 in Business & Finance ➔ Credit
There are no pros's for you, what if your mail gets held up, or you have a sudden high cost expense. No grace period means more money out of you pocket!
2007-01-26 02:55:21 · answer #1 · answered by pixie1 2 · 0⤊ 0⤋
The pros are for the finance company. No grace period means higher interest payments.
All credit companies will charge you a finance charge on new purchases without a grace period if you carry a balance. They do this by computing your "average daily balance" for the month. If you pay your bills each month with no carry over balances, never get a credit card that does not have a grace period.
2007-01-26 10:38:50 · answer #2 · answered by Anonymous · 0⤊ 0⤋
there are no pros, do not get mixed up with any finance company ever again...the con[literally] means if you are late on a payment the charges will mount up to a really large sum.
2007-01-26 11:25:24 · answer #3 · answered by curious115 7 · 0⤊ 0⤋