Search
Previous Menu
Billing Cycle
The period of time between billing statements for an account, typically one month.
More Details
A billing cycle is the length of time between billing statements for a particular account, such as a credit card or utility account. During the billing cycle, the account holder makes purchases or incurs charges that are then added to their bill.
Example
A credit card billing cycle typically lasts one month, and during that time the cardholder makes purchases or incurs charges on the credit card. At the end of that billing cycle, the card issuer sends the cardholder a statement that shows all the transactions that have occurred during the billing cycle, along with the total amount due.
Ready to Own the Home of Your Dreams?
Join now to get access to the competitive rates, member-friendly loan products, and educational resources you need to secure an exceptional financial future.
