double cycle billing

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

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.

House To Pass Credit Card Reform, Tell The Senate To, Too

House To Pass Credit Card Reform, Tell The Senate To, Too

The House is expected to pass the Credit Cardholders’ Bill of Rights Act today, and the Senate is considering similar legislation. The Senate battle will be harder, but you can help!