Credit CardsArticles
How Does LendingTree Get Paid?
LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.
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LendingTree is an advertising-supported comparison service. The site features products from our partners as well as institutions which are not advertising partners. While we make an effort to include the best deals available to the general public, we make no warranty that such information represents all available products. We are compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order).

Advertising Disclosure

LendingTree is an advertising-supported comparison service. The site features products from our partners as well as institutions which are not advertising partners. While we make an effort to include the best deals available to the general public, we make no warranty that such information represents all available products. We are compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order).
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American Express Disclosure
Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more.

American Express Disclosure

Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more.

How to Read Your Credit Card Statement

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Content was accurate at the time of publication.
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Key takeaways:

  • Your credit card statement gives a summary of your purchases, your payment date, the amount due and any applicable fees and interest charges.
  • Paying your statement balance in full helps you avoid interest charges. You should always make at least the minimum payment to avoid late fees.
  • Review your credit card statement monthly to catch errors and look for identity theft.

Your monthly credit card statement might look like a mix of math and foreign language, but it contains important information about your purchases and payments. Reviewing the information for five to 10 minutes a month may save you from expensive errors or help you spot fraud.

This guide will help you understand what’s in your bill, how to pay it and what happens if you miss a payment.

Your credit card statement is a document that you receive each month that contains a list of your current month’s purchases, what you owe and other important details.

Here’s how to read a credit card statement to understand the information that’s most important to you:

 

If you still receive paper statements, you typically don’t need them for more than 60 days, or roughly two billing cycles. Generally after this length of time, you’re not allowed to dispute billing errors. If you do have an open dispute, keep the paper statement until the dispute is resolved.

However, you can opt out of receiving paper statements and use your online account to access statements from previous months. You can find prior months’ and years’ statements under the “statement” tab. Unless you have a specific reason, you won’t need to download or print these, since they are easily accessible.

Note that if you use your credit card to buy tax-deductible purchases, plan to keep statements for three to six years — IRS audits usually go back three years, but no further than six. And if you have items that are covered by extended warranties from your credit card network, like Visa® or Mastercard®, keep them for the length of the warranty plus the additional time.

Most major credit card issuers allow you to pay your bill online, over the phone or by mail. Here are phone numbers, websites and payment addresses for the major credit card issuers in the United States.

IssuerBilling phone numberBilling websitePayment processing address
American Express800-472-9297LinkP.O. Box 96001, Los Angeles, CA 90096-8000

Bank of America855-891-3401LinkP.O. Box 15019, Wilmington, DE 19850-5019

Barclays877-523-0478LinkP.O. Box 60517, City of Industry, CA 91716-0517

P.O. Box 13337, Philadelphia, PA 19101-3337
Capital One800-227-4825LinkAttn: Payment Processing, P.O. Box 71083, Charlotte, NC 28272-1083
Chase800-436-7958LinkP.O. Box 6294, Carol Stream, IL 60197-6294

Citibank800-950-5114LinkP.O. Box 9001037 Louisville, KY 40290-1037

Discover800-347-2683LinkP.O. Box 70176, Philadelphia, PA 19176-0176

P.O. Box 71242, Charlotte, NC 28272-1242

P.O. Box 6103 Carol Stream, IL 60197-6103

P.O. Box 45909, San Francisco, CA 94145-0909

U.S. Bank800-872-2657LinkP.O. Box 790408, St. Louis, MO 63179-0408
Wells Fargo800-642-4720

LinkP.O. Box 51193, Los Angeles, CA 90051-5493

If you pay your credit card bill online on the due date, note your issuer’s cutoff time and time zone. Some banks require payment before the end of business hours, while others give you until 11:59 p.m.

When paying by mail, also consider the time it’ll take for the payment to arrive. It’s generally advised to allow seven to 10 days for a payment to arrive at its destination.

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