A monthly statement is a cumulative credit card report that tells you how much you spent in the past month and what your charges look like. Every purchase made during that monthly period will be on the monthly statement and added up to see the total you have spent.
It will also tell you who each of the purchases were to, such as a department store or a cell phone payment. A monthly statement will also reflect any types of extra charges that are not purchase related, such as late fees and overdraft fees.
It will also tell you how much interest was accumulated on your balance, depending on the amount of APR you have. Lastly, it will tell you the minimum amount due for that month.
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