Reading Your Credit Card Statement
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Editor’s note: At Lantern, we strive to help you make financial decisions with confidence. To do this, we occasionally feature content that includes information about our partners and their products or services. We do not provide, endorse, or guarantee any third-party product, service, information or recommendations—and our opinions are our own.
What Is a Credit Card Statement?
What's Included in a Credit Card Statement?
Your name Your address The last four digits of your account number Transactions Payments Interest charges and fees
How to Read a Credit Card Statement
Account Summary Payment Information Transactions Interest Charge Calculations Rewards Notice of Changes to Interest Rate Important Changes to Your Account Terms
Previous balance Payments and credits New purchases Balance transfers Cash advances Past due amount Fees charged Interest charged Credit limit Available credit Statement closing date Billing cycle’s number of days
Late Payment Warning. This section details the late payment fee and penalty APR that may be applied to your account if you fail to make the minimum payment by the due date listed on your card statement. Minimum Payment Warning. This section advises you that if you make only the minimum payment due that your balance may take longer to pay off and cost you more in interest charges.
New purchases Balance transfers Cash advances Credits and payments Fees charged to your account Interest charged to your account
Interest Charge Calculations
Type of balance that the interest is applied to APR for each type of balance The balance subject to interest Interest charged
Your opening rewards balance for the statement period New rewards you earned during the statement period Rewards you redeemed Your ending rewards balance
Other Card Statement Details
What your options are for making a payment (i.e. online, over the phone, by mail) Where to send a payment by mail Minimum payment due Payment due date
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