The Capital One grace period lasts at least 25 days. It is the time between the close of a billing cycle and when your bill is due. You won’t be charged interest during the grace period if you pay your balance in full by the due date every month.
Grace periods aren’t permanent, though. You will lose your Capital One grace period if you don’t pay your bill in full for one month. As a result, purchases will begin to accrue interest right away. Plus, you’ll have to pay in full two months in a row to get the grace period back. Those are the basics of the grace period, but there are a few more relevant details to be aware of.
What you should know about the Capital One grace period:
- The grace period for Capital One cards is at least 25 days. It allows you to avoid interest on your monthly balance between the end of your billing period and your due date.
- If you lose your grace period, you can get it back by paying your full balance on time for two consecutive months.
- The grace period doesn’t apply to cash advances or balance transfers. Interest starts accruing as soon as you get a cash advance. It starts accruing right away on balance transfers, too, unless you have a 0% APR introductory period.
The Capital One grace period is a useful perk that saves you money on interest. So, it’s yet another reason to always pay your bill in full and on time. And setting up automatic monthly payments from a bank account is a great way to make sure that happens.
This answer was first published on 03/15/18 and it was last updated on 06/19/23. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
