How a credit card cycle works
The whole system runs on one billing cycle. Learn these few terms once and the rest of CardLab, along with your real statements, starts to make sense.
Grace period · interest-free if paid in full
Day 1
Statement date
Your bill is calculated and the balance is frozen.
Days 2 to 24
Grace window
New purchases stay interest-free, as long as you pay in full.
Around day 25
Due date
Pay the statement balance to keep grace alive.
Start with the two dates that matter most: