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Statement Basics. The top of your monthly statement includes your card type, the names and linked cards of everyone authorized (co-applicants and authorized users) on the account, and the dates of your credit card statement period.
Payments is the amount you paid toward your account during the Statement Period. New Purchases are any purchases made since your last statement. Any new Payment Plans set up within the Statement Period would be included here.
How to read your credit card statement. Understand key terms to help you avoid interest and fees, manage your spending and get the most from your credit card. For the full details on how your credit card works, refer to your CIBC Cardholder Agreement.
Jul 5, 2023 · July 5, 2023. You just got your credit card statement. Whether it's your first statement or your 90th, the amount of information it contains can be overwhelming. But don't worry! In this helpful guide, we'll go into detail about how to read the basic information you'll find in your monthly statement..
Dec 18, 2023 · While your credit card statement may look slightly different, the key is to learn how to spot each section and to know how to use each piece of information to become a better-informed consumer. 1. The statement period. Your statement period is the short time frame where purchases made on the credit card are classified as an interest-free loan.
At the top of your statement, you'll also find the important information you need to know to pay your bill: due date, minimum payment due, Accord D financing installments—if you have this— and your new regular balance. You'll also see the number of your account to which you make credit card payments.
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Jan 30, 2024 · Your credit card statement offers a monthly snapshot of your account activity, including the amount you owe, transactions you made, applicable interest and fees, and, most importantly, when you need to pay your bill and how much you absolutely have to pay.
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