<prompt> Human: I know what the interest rates are, but does it start as soon as the transaction is made or does it start after a month of carrying a balance? I am going to pay the balance in full just need to know when I have to get it done so interest doesnt hit me.Thanks for your help!  <response>: In order for interest to not hit you you need to pay your statement balance in full by the statement due date. So if you have 1000 of charges from April 1-30 and your bill is due on May 25th, you need to pay 1000 by May 25th. If you make new charges between May 1st and May 25th, those will be included on the next statement and dont need to be paid off until your May statements due date. 