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Fake credit card statement template5/21/2023 Hence if the cycle is from 5th Jan to 4th Feb, the bill will get generated by 5th Feb and you will have to pay the due amount by 20th Feb. They generally give a grace period of 15 days. For example, if the cycle period is 5th Jan to 4th Feb, then all transaction done in that period will have to be paid within a given time. Now let’s see how banks get benefits from giving credit cards for free.Their business model is simple: “Wait for the credit card holder to miss the payment cycle due date or just pay the minimum amount due”.We all know that credit cards have a fixed monthly cycle of payments. Advice: Crack the credit card mystery!Have you ever thought why credit cards are available for free?There is a good saying: “There is no such thing as free lunch”The banks are there to do business and earn money and not to do charity.
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