Billing statement is a periodic statement or report that credit card companies authorize to its credit card holders that shows all the purchases, payments and other debit and credit transactions, remaining balance and other essential information. Billing statement is issued at the end of each periodic cycle, usually a month. Company’s credit card holders can receive this statement via mail or online. Many credit card companies send billing statements online even if you haven’t inducted in paperless billing. In that case, you will need a PDF reader to check the paperless billing statement.
Billing statement visualizes everything you need to know about your credit card use. Generally, it consists of your earlier balance, payment’s due date, the minimum payment that is due, precise information of payments, credits, balance transfers, purchases, fees, interest amount, and other debits made to your account in the specific time period. It contains your credit limit and credit availability, number of days in billing period, your contact information for your credit card viewer. It also contain the late fees charges in case you pay late. Credit card billing statement would also include a warning of late payment that informs you about the collision of sending late payment.
Billing statement also shows each transaction takes place during that billing cycle, along with date of transaction, date of posting, and amount that is transacted. While in case of zero balance, you would not receive a billing statement also if there is no activity on behalf of your account during the preceding business cycle. Also if you are switching to a new place, you need to inform your credit card company otherwise there’s a chance of lost your billing statement. Charges are added to you previous billing balance whereas, payments and credits are deducted form your current balance. Here are listed below some handy billing statement templates for you.
Here Are Free Billing Statement Templates
