Would You Like To Get Charged For A Bill You Already Paid?

Definition: Double-cycle billing or two-cycle billing: When the credit card company calculates finance charges not just for the past cycle (month), but the past two.

Why this is bad: You can get charged interest on part of a bill you already paid off.

Why this is good: By increasing credit card company profits you help the economy grow.

(Photo: POSITiv)