KNOWLEDGE BASE

Can I still have a grace period if I have a U.S. Bank ExtendPay® Loan?

Yes. You can avoid paying interest on new purchases for 24 to 30 days if:

  1. You paid your last statement balance in full(or Plan Adjusted Balance if you had an existing ExtendPay Plan).
    And
  2. You pay your new Plan Adjusted Balance by the due date each month. If you miss a payment on your Plan Adjusted Balance, or pay it late, you’ll lose the interest-free period. To get it back, you’ll need to pay your Plan Adjusted Balance in full and on time for two months in a row.

See your Cardmember Agreement for more details.