what is billing cycle in credit card
Hi krishika,
The billing cycle in a credit card is basically the period for which all your card transactions i.e. purchases, cash withdrawals, payments, etc are recorded before the bank sends you a bill. It usually lasts about 30 days, and whatever you spend during this time shows up on your credit card statement. The key thing to remember is that there’s a grace period after the cycle ends (usually 15–20 days) in which you can pay the bill without any interest, as long as you pay the full amount. So understanding your billing cycle helps you plan purchases and repayments to avoid charges.