You have 30 days from the end of the current month to pay at least the minimum payment before having to pay a late fee.

At the end of every month, you will receive a statement detailing that month’s spending (we’ll notify you in the Rocket Money app when that’s available). The total balance from that statement is called the “statement balance”. This is the amount due 30 days from when the statement becomes available. Essentially, you have a whole month to pay your balance from the previous month before getting hit with interest and late fees.

We use your average daily balance to determine your interest payment. To calculate the average daily balance, we take the sum of the cardholder’s balances at the end of each day in the billing cycle and divide that amount by the total number of days in the billing cycle. We then multiply this figure by the card’s annual percentage rate, or APR, to determine interest charges.

See the cardholder agreement for more details.


Truecard is Powered by Deserve and issued by Celtic Bank, a Utah-Chartered Industrial Bank, Member FDIC.

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