Yes, credit card issuers typically provide monthly statements to cardholders. These statements serve as a summary of the cardholder’s credit card account activity for a specific billing cycle. Here’s what you can expect to find on a typical credit card statement:

Account Information: The statement begins with essential account information, including the cardholder’s name, account number, billing address, and contact information for customer service.

Billing Cycle Information: The statement specifies the start and end dates of the billing cycle covered by the statement. It also indicates the payment due date, which is the date by which the cardholder must make a payment to avoid late fees and interest charges.

Previous Balance: The statement shows the outstanding balance from the previous billing cycle. This includes any unpaid balances from previous months.

Transactions: A detailed list of all transactions made during the billing cycle is provided. This includes purchases, cash advances, balance transfers, fees (such as annual fees or late fees), and any credits or returns. Each transaction is typically listed with the date, merchant name, transaction amount, and a description.

Payments and Credits: The statement includes any payments made by the cardholder during the billing cycle. It also shows any credits or refunds applied to the account.

New Balance: The new balance is the total amount owed at the end of the billing cycle, taking into account all transactions, payments, and credits.

Minimum Payment Due: The statement specifies the minimum payment amount that the cardholder is required to pay by the due date to avoid late fees and penalties. This amount is typically a percentage of the new balance, with a minimum dollar amount.

Payment Instructions: Instructions on how to make a payment, including payment methods (online, by mail, or in person) and the payment address, are provided.

Credit Limit and Available Credit: The credit card issuer may display the card’s credit limit and the available credit, which is the remaining credit balance the cardholder can use for new purchases.

APR (Annual Percentage Rate): The statement includes the annual percentage rate (APR) associated with the card. It may also show different APRs for purchases, balance transfers, and cash advances.

Fees and Charges: Any fees charged to the account during the billing cycle, such as interest charges, annual fees, and late payment fees, are detailed on the statement.

Rewards and Benefits: If the card is part of a rewards program, the statement may include information on rewards earned during the billing cycle.

Cardholders are encouraged to review their credit card statements carefully each month to ensure accuracy and to track their spending. Additionally, making at least the minimum payment by the due date is essential to maintain a good credit history and avoid penalties. Cardholders can choose to pay the minimum payment, the full balance, or any amount in between, but paying the full balance helps avoid interest charges.