Is the ITEX MasterCard grace period 60 days or 15 days as I have seen in the Key Credit Terms area?

All credit cards have a grace period between the end of the cycle and the due date. Almost every card has a 30 day cycle, after which there are 15 days until the payment is due. With the ITEX MasterCard, there is an extra 30 day cycle, after which there are 15 days until the payment is due.

For example, consider $5,000 of charges in the calendar month of March:

If those charges were made on a standard 30-day cycle credit card, the charges would appear on the April 1 statement, and payment would be due on April 15.

If those same charges were made on an ITEX MasterCard account, the charges would still appear on the April 1 statement, but payment would not be due until May 15.

Close WindowContact us at ITEX or call 1.800.277.9722.