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Due Dates       When you pay monthly bills in full, there are no interest charges on new purchases you make during the billing cycle, which is the grace period. On most credit cards, the grace period only exists when the balance from the previous month has been paid in full. Unless you have paid your credit card in full the previous month, you do not have a grace period.      If the previous balance was not paid in full, interest charges are assessed on the previous balance and on any new charges you make before the next bill is due. As soon as you make a new charge, interest begins to accrue on that purchase. When you get a cash advance using a credit card, there is NO grace period, even when the previous balance was paid in full. Pay your bill in full each month to take advantage of the grace period. If you cannot pay your bill in full each month, pay early in the billing cycle to reduce the average daily balance used to calculate your interest charge.