# How a Credit Card Works – You Pay the Statement, Not Each Purchase

- Source: Money Crashers
- Published: 2026-10-20T17:00:00+00:00
- Category: Markets
- Original: https://www.moneycrashers.com/credit-card-billing-cycle/
- Canonical: https://groundlevelnews.com/story/how-a-credit-card-works-you-pay-the-statement-not-each-purchase-494259/

Your card doesn’t bill you for each purchase. It runs on monthly billing cycles, and whatever you owe on the last day of a cycle, called the closing date, becomes your statement balance. Your due date falls at least 21... Source

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