Yes, your billing cycle will start on the day you first make a transaction. You will get a statement every month with a current balance and a "Due By" date on it. HOWEVER, as long as the only thing on your bill is the promotional transaction, your amount due will be "$0." It will be this way until your period ends. Then, all the accrued interest and the balance will be factored in. At the bottom of the electronic statements there will be a box with your "Promotional Purchases" with the amount left on them and when they expire. It will also say how much interest has accrued. The sooner you pay off the balance, the less interest will accrue. Here's the example they give: $100 purchase Month Balance Interest 1 $100 $1.67 2 $100 $1.67 3 $100 $1.67 4 $100 $1.67 5 $100 $1.67 ($90 payment) 6 $10 $0.17 Month 7 you will now have $10+$8.52 in accrued interest. HOWEVER, if you had paid $90 immediately, making the balance $10 on the first month, only $0.17 will accrue as long as it's unpaid. This will make month 7 $10 + $1.02. Does that make sense?
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