What exactly is a Credit Card Bill Statement? A credit card bill statement or a statement is a statement which contains detailed information about your account including balances, payments, limits, interests, and other related information. The credit card bill statement usually has statistics on each transaction entered. Main benefits of Credit Card Bill Statement A credit card bill statement assists you maintain an accurate account of all of your credit card spending. It gives a detailed break up of the month by month payments of your accounts.
How to Understand Your Credit Card Bill Statement You can understand your credit card billing statement easily through a simple online search. There are many websites where you can get a detailed statement online. You should first check your statements with your bank and then make the corrections as needed. Make sure your balance is zero in all accounts and that there are no negative charges. If your bank offers a free online account calculator, use it to check your total outstanding bill. You can also check your statements online at various financial institutions such as Bank of America, Chase, Discover and several others.
How To Prepare Your Credit Card Billing Statement When you receive a credit card statement, read it carefully and make note of all transactions. Write down the date the transaction occurred and the amount of the transaction. If the amount is greater than zero, enter zero and re-type the amount of the sale. This will give you the amount of the transaction and the bank will automatically charge your account the next month. Your statement will help you track all of your transactions and monitor the progress of your account.
How To Make Corrections After You Get Your Statement When you receive your credit card bill statement, look over it again and write down any items you notice that were incorrect. Send a letter to the customer care department of the credit card company informing them of the itemized details so they can change them. They will either fix the mistake or require you to pay for the corrected transaction. You may be required to send them a credit card statement along with your payment receipts.
How To Dispute Errors On Your Credit Card Statements The most common way to dispute an error on a credit card bill statement is to dispute the itemized details with the bank. However, some banks do not allow this type of dispute due to the fact that they are required to process the dispute by a certain time. For these reasons, it is best to dispute an itemized statement as soon as possible. Credit card companies must process your request within thirty days in order to be valid.
Dispute Tips To follow in order to process your dispute with the bank fairly and quickly, there are some quick tips to keep in mind. First, it is best to only dispute items which are actually incorrect, and not misleading statements made on your credit card statement. Second, it is best to send a separate letter to each credit card company. Third, make sure that you are able to provide proof of the transaction in question before sending the dispute. It is also important to keep in mind that if you are unable to provide sufficient proof, the bank will simply remove the disputed item from your statement without regard to whether it was originally included in the statement or not.
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How Paying a Credit Card & Statements Work Credit Card Insider – credit card bill statement | credit card bill statement
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