A credit card statement includes information such as the transactions you made in a month, payments made, payments due, interest charges and available credit. Understanding how to read your credit card statement is important so you can make sure you understand where you are spending your money, and also to make sure the transactions appearing on the statements are correct.
Faye received the following credit card statement. Answer the questions that follow:
Piggy Bank
CREDIT CARD STATEMENT |
Name
Faye |
|
Account Number
1234 6750 2323 2340 |
|
Statement Date
June 28 |
|
Payment Due Date
July 10 |
|
Credit Limit
£7000.00 |
|
Available Credit
£6129.00 |
|
New Balance
£871.00 |
|
Minimum Payment
£45.00 |
|
Previous Balance
£1000.00 |
|
Purchases
£871.00 |
|
Payments
£1000.00 |
|
Interest Charge
£0.00 |
| TRANSACTION NUMBER |
|
DATE |
|
DESCRIPTION |
|
AMOUNT |
|
|
June 5 |
|
Payment |
|
1,000.00 |
| 88 |
|
June 8 |
|
Michaels Music |
|
88.00 |
| 89 |
|
June 12 |
|
Aidans Music |
|
146.00 |
| 90 |
|
June 14 |
|
Imogens Restaurant |
|
121.00 |
| 91 |
|
June 15 |
|
Chris's Clothing Store |
|
165.00 |
| 92 |
|
June 16 |
|
Dericks Travel Agency |
|
181.00 |
| 93 |
|
June 19 |
|
Sheffield Arena |
|
170.00 |
QUESTIONS
What is Faye's available Credit? -------------------- How much did Faye make in payments to the Credit Card Company? ------------------- What was the previous balance on her credit card? ---------------------- What is the minimum payment that must be made? ---------------------- How much more can Faye charge to her credit card? ---------------------- What is the new balance listed on the statement? ------------------------ What is Faye's Credit limit? -------------------- How much was charged during the period of this statement? ------------------- How many charges, or transactions were completed on this statement? --------------- What is her account number? ------------------------
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