Search by Type Of Card
- Low Interest Credit Cards
- 0% Intro APR Cards
- Balance Transfer Cards
- Instant Approval Cards
- Reward Credit Cards
- Cash Back Credit Cards
- Airline Credit Cards
- Business Credit Cards
- Student Credit Cards
- Prepaid & Debit Cards
- Credit Card Specials
- Secured Card
- Guaranteed Approval Cards
- Catalog Cards
- Gas Rebate
- List All Cards
Search by Credit Quality
Search by Bank or Issuer
- Chase
- Capital One
- American Express
- Citi Credit Cards
- Discover
- First Premier Bank
- HSBC Bank
- Applied Bank
- New Millennium Bank
- Iberia Bank
- MetaBank
- Barclays Bank Delaware
- Simmons First
- Vision Prepaid
- Horizon Bank
- Columbus Bank & Trust Company
- Other Issuers
News and Advice
Current Interest Rates
- Update: 05-22-2012
- 12.65% National Average
- 12.88% Low Interest
- 23.00% Reward
- 12.99% Student
- 12.99% Bad Credit
- 17.33% Business
- 14.49% Cash Back
- 14.49% Instant Approval
Follow Us On
Facebook
Twitter
RSS Feed
Glossary and terms about credit cardsHome » Credit Card Glossary
Double-cycle billing
Double cycle billing is a method used by some creditors to calculate the amount of interest to charge for a given billing cycle. The most common usage of double cycle billing is by credit card companies. However, it is important to note that not all credit card providers use this method.Double-cycle billing is the balance computation method used by some issuers that allows them to apply interest charges to two full cycles of card balances, rather than the most recent billing cycle's balances. Two-cycle billing effectively eliminates the grace period for people who paid off a balance in the previous month. Double-cycle billing was heavily criticized by consumers and federal regulators banned the practice, beginning in July 2010. Also called two-cycle billing.