Your statement divides information into sections so you can easily scan and find what you need. Breaking down your monthly credit card statement Using the overview of our example statement, you can learn about each lettered section by finding the corresponding letter that explains it below. Accoun...
Many credit card issuers provideexclusive discounts at dining, retail and travel merchants. These offers typically give you either a percentage or set dollar amount of cash back, credited to your account. For example, an offer may state: Receive 10% back at Starbucks, until you earn a maximum...
What is on a credit card statement? Here’s an example of a credit card statement. A credit card statement tells you: Your balance.This is how much you owed on your credit card on the day the statement was created. Minimum payment due.This is the smallest amount you need to pay in ...
The current balance is a running tracker of how much you owe on your card at any given time. This means that, unlike a statement balance, it will change depending on your spending. For example, let's say you spent $500 during a billing cycle, and another $50 after your cycle ends. ...
Credit card issuers archive older statements, but they generally don't keep them forever. Chase, for example, holds onto statements for seven years. Wells Fargo says credit card statements are available going back only two years. At Navy Federal Credit Union, it's three years. For someone who...
Cash Advance Plan (cash advances you put on your card) Balance Transfer Plan (balances you have transferred to your card) These three categories keep track of the different transactions and their varying interest rates: for example, if you make a cash advance on your credit card, interest begi...
For example, I've used the points I've earned from my American Express Gold Card to pay for numerous domestic flights. I honestly can't remember the last time I paid for a flight with cash. And it's always great to see a flight's price change from $900+ to $0. Here's a ...
Further down in your credit card statement, you might see a section devoted to “account messages,”“account changes,” or something similar. Here, the card issuer may notify you if any important account information is changing. For example, fee increases or APR changes could appear here, as...
It's also important to use your credit card in ways that will help boost your credit score, while not costing you more than necessary in terms of interest and fees. For example: 1. Pay Your Bill on Time Credit scores are based on a variety of factors, but your payment history is ...
If the credit card has a rewards program, the terms and conditions, or sometimes a separate document, will explain the basic rules of the rewards program, including the types of transactions that earn rewards—for example, purchases—and the ones that don't—balance transfers, for instance. If...