What is the Name of the Document That Tells You What You Need to Pay on Your Credit Card?
The document that specifies what you need to pay on your credit card is called a "Statement", providing a detailed summary of your monthly transactions, payments, fees, and current balance.
by Sai V
Updated Oct 27, 2023
Article continues below advertisement
On This Page
What is the Name of the Document That Tells You What You Need to Pay on Your Credit Card?
A. Overdraft
B. Lease
C. Deposit
D. Statement
The correct answer is: D.Statement
The document that provides a detailed breakdown of what you need to pay on your credit card is called a Statement. A credit card statement is a monthly summary of your credit card activity. It outlines all the transactions you've made using the card during a specific billing period, including purchases, cash advances, balance transfers, fees, and any interest charges that may apply. The statement also shows your previous balance, any payments or credits applied, and your current balance.
What is a Bank Statement?
A bank statement is a monthly summary of a bank account's transactions, detailing deposits, withdrawals, charges, and interest earned. Provided in paper or digital form by the bank, account holders use it to track expenses, monitor spending, and detect errors or fraud. Paper statements typically incur a cost, around $3 per statement.
Related Articles
Quiz Questions On Insurance and Risk Management - 3
410 days ago
Quiz Questions on Credit Management and Awareness
411 days ago
Disclaimer : The above information is for general informational purposes only. All information on the Site is provided in good faith, however we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of any information on the Site.