A billing statement is an important document for tracking the credit card usage of each credit cardholder.Ĭredit card companies also use the document to identify cardholders who are behind on their monthly payments. Credit card companies use billing statements to provide their customers with a monthly breakdown of their expenditures and demand the minimum monthly amount they are required to pay to make sure their credit card remains valid. Therefore, the credit card company has to issue a billing statement. The statement is generated on the first week of every month for all credit card holders marking the end of a billing cycle.īilling is essential in every transaction where payments with a deadline have to be made. A Billing Statement is a monthly report and bill of a credit card holder’s account activity for the past month and the monthly minimum payment due.
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