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1 and 2. Unless they told you otherwise, these may not happen at all. The credit limit and APR can stay the same forever. The APR can go up.
3. Pay it anytime before it is due. Your choice whether to pay before the bill comes, as soon as it comes, or just before it is due. Just make sure that the payment is received (not just sent) before the duedate.
4. If you make purchases only and pay the full balance each month, APR is not charged on most cards. If you take cash advances, APR is charged based on the number of days that you had the money.
5. They send 12 bills per year, approximately evenly spaced, and everything on each bill is due the same time, usually 20-25 days after they send the bill [about 2-3 weeks after you receive the bill (depending on the speed of the post office)]. This means that if you buy something just after they send a bill, you have a longer time to pay than if you buy something in time for it to go on a bill that is being sent a few days later.
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