Author Topic: 90 day grace period  (Read 332 times)

Offline AussieMan

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90 day grace period
« on: July 23, 2020, 09:55:10 PM »
https://www.forbes.com/sites/advisor/2020/07/23/ny-to-set-90-day-grace-period-for-credit-card-rewards/amp/

Is there a write up on ddms regarding this?
Will it actually help claw back? Can they just claim you broke some terms and conditions, not related to closing the card

Offline ah giten

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Re: 90 day grace period
« Reply #1 on: July 23, 2020, 10:11:16 PM »
I saw it here.
https://www.doctorofcredit.com/new-york-senate-passes-law-that-credit-card-customers-get-90-days-grace-period-to-redeem-rewards/
Was sure somebody posted it already so just ignored.

Btw I understand that DOC interpreted it that even if YOU choose to close the card, you'll have the same 90 day grace period, which I don't see why.

Offline Samb

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Re: 90 day grace period
« Reply #2 on: July 24, 2020, 12:39:50 AM »
Forbes interpreted the same way. I guess it says if your account is closed, terminated or canceled. Canceled means you?