At the end of your billing cycle, you will receive a statement with the following information: Your closing balance Your minimum monthly repayment and due date Any applicable interest and fees. Your minimum monthly repayment is the minimum required amount you need to pay. You’ll also need to make the payment before the due date on your statement. Making more than the minimum repayment or paying your closing balance in full will help you avoid paying more interest. Any amounts that you don’t pay will be added to your closing balance in your next billing cycle. A credit card billing cycle is monthly and starts on the day your credit card was activated.