Business
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.
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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.