Search results
Jan 30, 2024 · Your credit card statement’s transaction summary includes all the transactions you’ve made during the billing period. You’ll see purchases, payments, credits, interest charges, and fees within this section — including transactions for everything you bought during the statement period.
Dec 18, 2023 · Read this guide on how to read your credit card statement to get a better idea of what each section means and how to use it to help track spending, spot fraudulent activity and establish better spending habits. Key features on your credit card statement.
- Account Information
- Account Summary
- Purchases
- Payment Information
- Account Fine Print
- Interest Charges
- Rewards
- Bottom Line
This section will have the basics of your account and should include: 1. Your name and mailing address.Make sure everything is exactly right, including spelling, so it’s correctly reported to the credit bureaus. 2. Your account number.This can be the entire account number or just the last four digits. 3. The dates of the billing cycle. Be aware tha...
This section summarizes any transaction information on your card like purchases, payments and other fees. 1. Payment due date.Issuers are required to have your due date be the same day of the month each month and provide 21 days, at a minimum, to make a payment after that month’s statement closes. 2. Payments and credits.If you made any payments or...
You should see a detailed list that accounts for each time you used your card to make a purchase. This will include: 1. The date you used your card.Sometimes the posted date may be a day later than the actual transaction date. Your statement may show you both dates, or just the posted date. 2. Vendor name.Some vendors may do business under a differ...
Your statement will also provide information on any balance you’ve accrued. This includes: 1. The total credit card balance. This is the total amount that is currently charged to your credit card. If you pay off this amount, your card will have a $0 balance. 2. The minimum payment amount due. This is usually calculated as a percentage of your balan...
There should be a long section of fine print that contains the following information: 1. Contact information.This should include how to contact your issuer by phone, postal mail and online. 2. Your basic rights as a cardholder.These sections will include the acceptable ways to make payments, notice that your account information is reported to the c...
This part shows the APRs for the different ways you might use your card including: 1. Purchases.Most credit cards have variable APRs, so this may have shifted a bit since the original number you were approved for based on any movements in the Prime Rate. Variable APRs move up and down in tandem with changes in the Prime Rate. 2. Cash advances. Most...
If you have a card that earns cash backor other rewards, there should be a summary of your activity for the billing cycle. You’ll typically see: 1. Rewards balance prior to this month.This is all the rewards you have banked prior to this billing cycle. 2. Rewards earned this period.This will reflect any rewards earned during the most recent billing...
Knowledge is power, and knowing what’s going on with your credit card statement gives you the power to understand where your monthly payment is going and the tools to help you keep your credit on the right track.
Nov 9, 2022 · Bottom line: reading a credit card statement is essential to effective money management. While first-time cardholders often find credit card statements confusing, the information in this type of document is easy to read if you know the meaning of each term used.
Nov 21, 2023 · You can usually access your statement online through your credit card issuer’s website or app. If that’s not an option for you, your issuer may send a paper copy of the statement in the mail every month. Once you have access to your statement, it’s time to take a closer look at what it contains.
Nov 14, 2023 · How to check your credit card balance. Transactions. Transactions made during the billing cycle will show up on your statement, and you can see the exact day you made your purchase and where.
Any negative amount represents a payment you have made, refund given, or a credit that has been applied to your account. Transactions are separated by each credit card number under the account, making it easy to see the statement period activity for everyone authorized on the account.
