What is the statement period and billing date?

The statement period is 1 calendar month during which you made card purchases. At the end of the period, on the billing date, a statement of your payments is generated — when and how much you spent.

The billing date is the date when the statement is generated, which includes all your purchases for the previous month (the statement period). On the billing date, the mandatory minimum payment is billed. You then have another 1 month to make the minimum payment.

The payment period is the period for paying the minimum payment. It is 1 calendar month following the statement period. The last day of the payment period falls on the last business day of the month.