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News About Credit cards In India
Erangle Krafton
27 episodes
4 weeks ago
In this podcast you will learn about the news of credit card cashback. 
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In this podcast you will learn about the news of credit card cashback. 
Show more...
Marketing
Business
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Credit Card Billing Cycle - How it Works
News About Credit cards In India
2 minutes
3 years ago
Credit Card Billing Cycle - How it Works

A credit card billing cycle is simply the time period between billing statements. The length of your billing cycle varies from issuer to issuer and may range from 27-31 days. At the end of your billing cycle, your statement is compiled by your credit card provider and you have until your due date to make the payment. 

Click on the link to know more about the credit cards billing cycle: https://cardinsider.blogspot.com/2022/06/how-credit-card-billing-cycle-works.html


Let us understand this with a simple example:


Assume your credit card statement is generated on the 6th of each month. Your credit card billing cycle will begin on the 7th of the previous month and will end on the 6th of the current month. During this time, all credit card transactions will appear on your monthly credit card statement.


This includes all credit card payments, cash withdrawals (if any), and ongoing credit card EMIs. In this example, we have considered the billing cycle to be of 30 days, but it may vary depending upon the type of card and your credit card provider.

News About Credit cards In India
In this podcast you will learn about the news of credit card cashback.