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Statement

Posted in Credit Cards

define: Statement

A document present by a credit card issuer or bank – usually once per month – that details all transactions made with the card, as well as any finance charges or other fees applicable for that billing period. The statement will typically also include balance details, available credit information, payment details, and bank/issuer contact information.

This definition is filed under Credit Cards.

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CREDIT CARD NEWS

Wall Street Reform, new credit card restrictions round off the month of July

After waiting weeks for the Senate to give him the nod, President Obama finally signed the Dodd-Frank Wall Street Reform and Consumer Protection Act into law this past month. The New York Daily News called it the toughest set of financial regulations passed since the Great Depression. Read more

CREDIT CARD TIPS

Say goodbye to double-cycle billing

Double-cycle billing was the process of including your average balance over the past 60 days in the calculation for finance charges. The CARD Act addressed the use of this tactic. Read more

CREDIT CARD FAQs

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