Charles Spurgeon wrote, "But if God enters into covenant with sinful man, he is then so offensive a creature, that must be on God's part an act of pure, free, rich, sovereign grace. When the Lord entered into covenant with me, I am sure that it was all of grace, nothing else but grace."
Spurgeon described God's New Covenant with us as "an act of pure, free, rich, sovereign grace." It's pure grace because it's all of grace. It's free grace because it's the gift of God acting in our lives. It's rich grace, because God's mercy in Christ paid our sin debt in full. It's sovereign grace, because only God Almighty can give it to us. God's New Covenant is grace received through faith in Christ (Ephesians 2:8-10)).
The two major covenants in the Bible are described as the Old and New Covenants, also known as the Old and New Testaments. The Old Covenant was the law of God given through Moses. The New Covenant is the grace of God working in you (Philippians 1:6; 2:13). We enter the New Covenant through faith in our Lord Jesus Christ.
There are certain obvious differences between the Old and New Covenants. The Old Covenant was fulfilled in the perfect obedience of Christ (Matthew 5:17). The New Covenant revealed Christ in the Gospel. The Old Covenant confirmed the curse of sin, resulting in Christ crucified for our sins (Galatians 3:10). The New Covenant confirms the Gospel of Christ taking away all our sins (1 John 1:7). Christ is our Shepherd of the New Covenant, which is everlasting (Hebrews 13:20-21).