Monthly Statement

A monthly statement is a cumulative credit card report that tells you how much you spent in the past month and what your charges look like. Every purchase made during that monthly period will be on the monthly statement and added up to see the total you have spent.

It will also tell you who each of the purchases were to, such as a department store or a cell phone payment. A monthly statement will also reflect any types of extra charges that are not purchase related, such as late fees and overdraft fees.

It will also tell you how much interest was accumulated on your balance, depending on the amount of APR you have. Lastly, it will tell you the minimum amount due for that month.

Click for the full glossary of credit card terms.

Similar Articles:

Credit Cards

Disclaimer: This content is not provided or commissioned by American Express, Visa, MasterCard, Discover, or any other credit card company or issuer. The opinions expressed here are the author's alone, not those of any credit card company or issuer, and have not been reviewed, approved or otherwise endorsed by any credit card company or issuer. Credit Card Chaser may be compensated through various affiliate programs with advertisers. As always, Credit Card Chaser is an independent website commmitted to helping people research credit card offers and find the best credit card!