All of us have thought of solving the Credit Card puzzle whenever we get a statement or bill from the card company, but we couldn’t do it as we are even afraid of getting one on one with this riddle.

We will try and discuss in brief about most important and common terms related to Credit Cards.

Assumptions:

Billing Cycle: 7^th April– 6^th May | Statement Date: 6^th May | Payment Due Date: 26^th May | Credit Limit: 100000

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Credit Card though offers a very lucrative proposition of Interest Free Period to its holder, but it can backfire if not used smartly.

I hope this article would have cleared most of your doubts over the terms related to Credit Cards. We will discuss other things related to credit cards in our next post.

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