A periodic statement is usually given monthly by credit card providers to show their customers a billing summary of their accounts activity. A periodic statement is usually sent by mail or can often be accessed online. This credit card statement gives users detailed information on new purchases and cash advances for their previous billing cycle.
The statement allows you to view the minimum payment and periodic rate on all of your balances that have yet to be paid as well. In addition to all of that a periodic statement also details all information regarding fees and interest charges. This is provided by credit card companies to ensure that their customers are not confused as to why they are being charged with different fees and interest charges.
Click for the full glossary of credit card terms.
Similar Articles:
- Monthly Periodic Rate
- Billing Statement
- Monthly Statement
- American Express Premier Rewards Card
- Statement
- Double-Cycle Billing
- Total Finance Charge
