The grace period is made up of the 7 calendar days directly following the end of a statement period. For example, January’s grace period runs from February 1-7. Each statement period begins on the first of every month and ends on the last day of the same month.
If you pay off your statement balance before 11:59 PM Pacific Time on the seventh of each month, you will not have to pay any fees.
If the full statement balance for a given statement period is unable to be collected by the end of the grace period, the statement balance will be rolled over into your pay-over-time balance along with a statement fee of 11%-16% of the statement balance. For more information, please see your Spend Card Agreement.
Parafin is a financial technology company, not a bank. Spend Cards are issued by Column N.A., Member FDIC, pursuant to a license from Visa U.S.A. Inc., and are powered by Marqeta. Approval is not guaranteed and is subject to checks. Terms and conditions apply.