Understand how the credit card billing cycle works, its impact on interest-free periods, due dates, and credit scores. Learn smart ways to manage it on Cardpedia.in Blog.
A credit card billing cycle is the specific period during which your credit card transactions are recorded and summarized into a statement. Typically, a credit card billing cycle ranges between 27 to 31 days, depending on your credit card issuer. At the end of each billing cycle, your card issuer generates a credit card statement detailing all the transactions made during that period, including purchases, payments, cash withdrawals, and EMIs.
For example, if your credit card statement is generated on the 6th of every month, your credit card billing cycle will start on the 7th of the previous month and end on the 6th of the current month. All transactions within this period will appear in your monthly statement. While this example assumes a 30-day cycle, the billing cycle duration can vary based on your card type and the issuing bank.
Understanding your credit card billing cycle is crucial for effective credit card management, timely payments, and avoiding interest charges.
