Your billing cycle or billing period is the time between the previous bill statement and the next.
Most financial products that require monthly payments, such as credit cards and loans, have billing cycles.
The period between the end of a billing cycle when the statement is issued and the due date is called grace period.
If you pay your balance in full before your due date (before grace period ends), you won't incur interest.
A majority of credit card issuers and lenders report your account information to credit bureaus on a monthly basis.
Equifax®, Experian®, and TransUnion® are the three major credit bureaus that lenders use to check your credit.
Whatever action you take during a billing cycle, including purchases and payments, get reported to credit bureaus.
These will reflect on your credit report and cgo on to influence your credit score depending on your transactions.
While you can't change the length of your billing cycle, you can adjust your payment due date if your lender allows.