Grace Period: The due date is 25 days after the close of each billing cycle. The card issuer will not charge you any interest on purchases if you pay your entire balance by the due date each month. The card issuer will begin charging interest on cash advances and balance transfers on the transaction date. Late Payment Fee: An amount equal to past due payment or $25, whichever is less. Cash Advance fee is 3% of the amount of each cash advance, but not less than $4 nor more than $50.