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If your credit card offers Avion points, cash back, WestJet dollars or British Airways Avios, you’ll see your monthly activity and updated balance of your rewards program here. For Avion points, you can also view view a transaction level view of your points in the Avion Rewards app or by logging into Avion Rewards.
1. Your account at a glance. A summary of your transactions for this statement period. 2. Your payment due this month. Pay either the amount due or minimum payment by the due date. 3. Statement period. The start and end dates of your credit card activity for this billing cycle.
- Credit Card Statement Basic Information
- Credit Card Statement Transaction Summary
- Payments & Interest Charges
- Calculating Your Credit Card Balance
- Rewards Summary
- Things to Be Aware of When Reading A Credit Card Statement
The top of your credit card statement will likely contain identifying information, such as the names of the people authorized on the account and the date of the card statement period. The account summary provides a quick overview of your activity during the specified billing period. It may also contain information about your credit limit, fees, and...
The transaction summary section contains a complete list of transactions during the statement period. Transactions should include the posting date (when the transaction was processed), the transaction date (when the amount was credited or debited), the transaction description, and the transaction amount. This section may include information on tran...
It is common for credit card statements to include information on interest charge calculation near the end of the statement. This section provides information on your card’s interest rates, the amount of interest, and the balance subject to the interest rates in question. In the image below, you see a credit card statement from TD. Information on i...
In the TD example from the previous section, information about payments and credits is given in the section “Calculating Your Balance”. This section shows how the total account balance is calculated by deducting payments or credits from the previous account balance, then adding new debits, purchases, cash advances, interests, and fees accumulated d...
Credit card statements will have a rewards summary if you earn credit card rewards. This section will typically contain information about 1. Your previous reward balance (rewards balance prior to this billing cycle) 2. Rewards earned this month (how many rewards you earned during the current billing cycle) 3. Bonus rewards (if your card offers bonu...
While all of the information provided in a credit card statement can be useful in specific contexts, you may want to pay special attention to the following: 1. Your current balance:This will let you know whether your payments are up-to-date 2. Fees and credit available:Make sure you haven’t been charged more than you should have in fees and that yo...
Sep 28, 2023 · Payment information. A payment information box appears near the top of your credit card statement. Here, you’ll likely find: Payment due date: A payment toward your balance must be made on or before this date. New balance: Sometimes also called a statement balance, this is the total of the payments and credits, fees, interest and unpaid ...
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- Account Information. The top of the statement may include your name, address, account number and the date range for the billing cycle.
- Summary of Account Activity. The summary box gives you an overview of your balances and transactions for the billing cycle, which will be detailed later in the statement.
- Payment Information. The new balance flows into the next box on your statement, the payment information box. Here, you'll also find your minimum payment and the due date.
- Account Notifications. Your credit card's terms won't change every month, but you might occasionally see a notice of an upcoming change in your terms. For example, your card issuer might change your annual fee, late payment fee or interest rate if it gives you at least a 45-day notice.
Jan 30, 2024 · It pays to understand your credit card statement, so read on to learn how to navigate it like a pro. How Credit Card Statements Work. Credit card statements summarize your credit card usage in a particular billing cycle. With a credit card statement, you get a snapshot of your credit card account status at the end of your statement period.
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Nov 15, 2023 · This includes: 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. The minimum ...
