Your billing statement is sent at the end of each billing cycle and includes the total balance, minimum payment due, payment due date, grace period, finance charge, days in billing cycle, and annual percentage rate.
Law requires that credit card billing statements be sent at least 21 days before the due date so you have time to make your credit card payment on time and avoid finance charges if a grace period applies to your balance.
Credit card billing statements are also required to include extra disclosures about your payments. The minimum payment disclosure must tell you know long it will take you to pay off your balance if you only make the minimum payment on your account and the total amount you'll end up paying with minimum payments. It will also state the monthly payment required to pay your balance off in three years.
Your credit card billing statement will also include a late payment warning that tells you the impact of sending your payment late - a late payment and penalty rate increase.