Credit card accounts are statements of the credit card issuer's accounts, showing the outstanding credit card balances and other financial information. Credit card account statements include all transactions made on a credit card account, starting with the opening and ending date of the account, credit card fees, credit card balance adjustments, cash advances, other charges, and any other information that the card issuer requires. This is a blank worksheet that has a person's credit card account details for the billing period, and all his or her credit card transaction for that billing period. For this reason, it is used as the accounting documentation for credit card processing in most institutions.
It lists the date, transaction, charges, and account balance for every credit card transaction. The transaction is listed under the category of “Transaction Committed”, which includes (but is not limited to) purchases, advances, balance transfers, authorized user transactions, cash withdrawals, ATM surcharges, penalties, finance charges, and membership fee adjustments. By using this document, a business owner can track which of these expenses he can claim for payment or he can decline. If the customer agrees to the charges on a statement of credit card account statement, he can also dispute the transaction when the bill arrives.
When a customer does not accept a credit card account statement, he can also dispute the charges on the statement by writing to the card issuer or by sending a letter to the Credit Card Clearing House (CCHC). In case of letters, the customer is required to attach the signed receipts. If the customer disputes the charges, he should include copies of membership fee statements issued by the previous credit card issuer as proof. The CCHC will review the matter and render a decision regarding the disputed charges.
The next thing to do is determine the credit card company's due date for your statement of credit cards. The due date for your credit card account statement is usually one to two months before the end of the financial year. For example, the due date for financial year 2007 would be April 1st. If the credit card company receives your request for your statement of credit cards, it will give you a notice regarding the due date.
The next step is to check the status of your credit cards. This is important to let you know if you have grace periods or regular purchases that are being charged interest rates and late fees. You can check your grace period or regular purchase period by accessing the account information on the credit card company's website. You can also check the status of any cash advances you may have. Normally, cash advances are issued after the due date of your statement of credit cards.
The last step is to access your statements online. The main reason why you want to access your statements online is to make sure that you have all the important information at hand. Accessing online means that you do not need to go to your bank, financial institution or credit card issuer. Instead, you can access your statement online and print it anytime you like.
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