Purchases made during the billing period are not included. This is usually the most advantageous for credit card holders. This is the most common calculation method. The amount you owe at the end of the previous billing period. Payments, credits, and new purchases during the current billing period are not included.
Some creditors also exclude unpaid finance charges.
Two-Cycle Balances Issuers sometimes use various methods to calculate your balance that make use of your last two months account activity. Read your agreement carefully to determine if the issuer uses this approach and what specific method is used. Interest rates and other terms vary widely. Cards that can also be used as telephone calling cards. Cards that allow you to either charge something and pay later, or deduct the charge from your bank account immediately.