The Interest-Free Grace Period for Chase Bank Credit Cards

In June 2019, a class-action lawsuit was filed against Chase Bank for allegedly misleadingly offering an interest-free grace period on new purchases without adequately disclosing that accountholders only get the grace period if they have paid the full balance on the credit card for two months. (Young et al v. Chase Bank USA, JP Morgan Chase Bank, and JP Morgan Chase & Co., Case No. 19-cv-1026, D. DE.)

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