In simple terms, a billing cycle refers to the period for which your credit card bill is generated. All your transactions made during the billing cycle reflect in your credit card statement.
The billing cycles vary from month to month, and can range from 28 to 31 days, depending on the credit card and the issuer. If your card statement is generated on the 10th of every month, the billing cycle will start from the 11th of each month, and will continue till the 10th of the following month. Any transaction that is made after the billing cycle reflects in the following month’s statement.
At the end of the billing cycle, your statement is generated by your credit card issuer, and you have time until your due date to make the payment. Payment due date is the time by which you need to pay the outstanding amount on your credit card every month. Usually, the due date is set 21-25 days after the bill is generated.
It is not possible for credit card holders to change the due date of payment, as billing cycles are determined by the credit card issuer. However, card holders can opt to change the credit card cycle by getting in touch with their credit card issuer.