New Delhi, Oct. 7 -- Availing a new credit card is one thing, but managing it properly is an entirely different concept. That is why understanding the basics of credit card management is critical for all aspiring applicants.

Keeping the same in mind, understanding the credit card billing is critical for the management of payments efficiently. A prudent approach in the same regard can help in avoiding interest charges or penalties. Do keep in mind that the billing cycle is the period during which all transactions on your credit card are recorded, generally lasting around 28 to 31 days.

Here are five ways the credit card billing cycle impacts your payments:

Focusing on keeping track of your credit card billing cycle can help you plan pay...