Directory Image
This website uses cookies to improve user experience. By using our website you consent to all cookies in accordance with our Privacy Policy.

Everything You Need to Know About Credit Card Billing Cycle

Author: Arabella Sanchez
by Arabella Sanchez
Posted: Nov 28, 2019

One of the things that any credit card holder should know is their billing cycle. The billing cycle for any credit card is simply the period of time between billings. Additionally, credit card billing cycles usually vary in lengths which usually range from 27 to 31 days. Within these days, you should ensure your payment to your credit card issuer — whether it may be by paying in cash or paying using the AUB Platinum Mastercard balance.

There are a lot of factors when it comes to billing cycles, which are as follows:

The Credit Card Billing Cycle

First off, your credit card billing cycle starts the moment that you opened a credit card account. Usually, your billing cycle has a zero balance if you are not charged with upfront fees for your account. During your billing cycle, anything that you purchase, your credit fees, and finance charges are all posted to your account — which is either added or subtracted from your balance. At the end of your billing cycle, you are now billed for all of the unpaid charges and fees that you have accumulated during your billing cycle. Additionally, keep in mind that any activity you do on your account after your billing cycle ends will be placed on your next billing statement.

Now, you don’t really have to wait for your billing statement to arrive to you in order for your to figure out your current balance or your minimum payment due. What you can do is to log into your online account and you can see everything there — from your current balance, available credit, last payment amount, and other important details that you should know about your account. By regularly checking your online account, this will help you to be aware of your current credit and to also aid you to catch any unauthorized charges that you may have in your account.

Lastly, always remember that your next billing cycle begins with whatever unpaid balance that was left in your last billing cycle.

Credit Card Payment Due Dates

In terms of payment, your credit card payment due date is usually generated for about 21 to 25 days after your billing cycle ends. This only means that you are not required to send payment for any purchases until your next billing cycle.

Remember that there is always a given period of time between your billing cycle end date and your bill due date. What you can do is to simply pay your balance in full before your bill due date, which in turn, will help you avoid in paying an interest fee.

Credit Card Billing Cycles and Introductory Rates

An introductory rate is known as the low interest rate that is applied to your balance for the first few months right after you have opened your credit card account. This is usually given to applicants that have a good or excellent credit scores.

Most of the credit card issuers or banks offer this introductory rates that will last a certain number of billing cycles instead of months. This will then result in actually having a shorter introductory period since billing cycles are shorter than a full month.

In summary

A credit card billing cycle is indeed confusing at first, most especially to the ones who are new in the credit card world. By being knowledgeable and updated to your billing cycle on a regular basis, you will never have a hard time in understanding your credit card billing cycle.

About the Author

Arabella Sanchez enjoys writing articles that interests her and reading books. If you don't see her writing or reading, she is out exploring new places.

Rate this Article
Leave a Comment
Author Thumbnail
I Agree:
Comment 
Pictures
Author: Arabella Sanchez

Arabella Sanchez

Member since: Nov 25, 2019
Published articles: 1

Related Articles