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Credit Card Companies are always looking for a way to squeeze
some extra money out of their customers. Two Cycle billing
is now used by some. Have you looked at the terms of your
credit card? In past years credit card companies calculated
interest on the average daily balance for the past ONE
month. With Two Cycle Billing, if there was a balance at the
start of a month, then average daily balance is calculated over
the past TWO months.
To see an example of how this affects you, use this calculator |