Two-cycle billing - Credit Card Terms and Glossary

		Credit Card Glossary: Terms and Definitions
		Confused by credit card terms? CreditCards.com's glossary of credit card definitions will help. From account holder to Regulation Z, we have defined the most-common and most-confusing credit card terms.

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Two-cycle billing: Two-cycle billing is the balance computation method that allows credit card issuers to apply interest charges to two full cycles of card balances, rather than the most recent billing cycle's balances. Also called double-cycle billing, the practice effectively eliminates the grace period for people who paid off a balance in the previous month. The Credit CARD Act of 2009 banned double-cycle billing effective Feb. 22, 2010.

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