“In him we have redemption through his blood, the forgiveness of sins, in accordance with the riches of God’s grace.” (Eph. 1:7 NIV)
This is a promise of paid for redemption, the forgiveness of sins, according to God’s riches of grace which is unmerited favor to you from Him.
God’s grace is similar to, but more powerful than, a presidential pardon
In some ways “God’s Grace” is like a presidential pardon. U.S. presidents have wielded the power to issue pardons since it was granted to them in 1789 by Article II, Section 2, of the Constitution. The number of pardons issued by a president has varied considerably. President George Washington issued 16 pardons between 1789 and 1797. Franklin D. Roosevelt granted the most, 3,687 pardons. The president chooses to pardon guilty individuals and that act immediately removes the person’s penalties.
God’s Grace (Greek Charis)
Grace may be defined as “the unmerited or undeserving favor of God to those who are under condemnation.”
Grace came through Jesus
“For the law was given through Moses; grace and truth came through Jesus Christ” (John 1:17 NIV).
Grace gives you the gift of salvation
“For it is by grace you have been saved, through faith—and this is not from yourselves, it is the gift of God—not by works, so that no one can boast. For we are God’s handiwork, created in Christ Jesus to do good works, which God prepared in advance for us to do.” (Ephesians 2:8-10 NIV)
Grace gives you the gift of righteousness
For if, by the trespass of the one man, death reigned through that one man, how much more will those who receive God’s abundant provision of grace and of the gift of righteousness reign in life through the one man, Jesus Christ!” (Romans 5:17 NIV)
Therefore…
“Let us then with confidence draw near to the throne of grace, that we may receive mercy and find grace to help in time of need.” (Heb. 4:16 ESV)
“For sin will have no dominion over you, since you are not under law but under grace.” (Rom. 6:14 ESV)