Understanding Your Visa Statement

Print

Use the menu directly beneath this text to switch between samples of the e-Statement and of the printed/mailed statement. Then move your mouse over the areas outlined in dotted blue lines to display brief explanations of the various parts.

 
Visa Statement image Visa Statement image Name and Address This is the name of the primary account holder as it appears on your Provident Credit Union Visa card, and your address of record. Account Vitals This area makes the most important numbers from your statement available at a glance in one spot. More detailed information is available elsewhere in the statement. Account Number Your Provident Credit Union Visa account number, as on your card, but with all but the last 4 numbers obscured, in order to keep thieves from using this number after retrieving it from your trash. We recommend shredding your statements anyway, in order to further protect your privacy and security. Credit Limit This is the maximum debt you are allowed to incur with this card. The initial limit depends largely on your credit rating, and is updated on your statement as the debt on your card rises or falls. Available Credit This is the amount of credit available to you on the day the statement was prepared. It may not be current if you have made additional purchases, payments, etc. since that time. Cash Credit Limit This is the maximum total of all cash advances that you are allowed to have on balance at any one time with this card. Cash advances result when you receive funds from your card via an ATM or teller, for example. Available Cash This is the amount available to you as cash advances on the day the statement was prepared. It may not be current if you have made additional ATM withdrawals or other types of cash advances from your card since that time. Past Due Amount This is how much of the minimum payment due from the last statement that you failed to pay by that statement's payment due date. Overlimit Amount This is the larger of how much you've gone over your credit limit or cash advance limit. Help avoid extra fees by keeping this number at zero. Contact Information If you have questions about your statement or need to mail Provident, this area shows the phone numbers or addresses you will need. Closing Date This is the date your statement was prepared. All the transactions in the statement were posted in the billing period ending on this date. Previous Balance This number is what you owed on the day your previous statement was prepared. All the debits and credits you incurred since that date (including finance charges) are applied to this amount to determine your current balance. Payments This is the total of the amount you have paid since your last billing cycle. Other Credits This is the total of any amounts credited to you for overpayment, incorrect charges, or returned merchandise. Purchases This number is the total dollar amount of goods or services you charged on your Provident Credit Union Visa during the billing cycle. Cash Advances This number is the total dollar amount of cash borrowed against your Provident Credit Union Visa during the billing cycle, from an ATM or teller for example. Finance charges on cash advances accrue from the posting date of the transaction. Other Debits This includes amounts such as insurance charges, balance adjustments, card replacement charges, etc. that you must pay in addition to finance charges, principal balances, and fees. Fees Charged This includes amounts such as late payment fees, over-the-limit fees, etc. that you must pay in addition to finance charges, principal balances, and other debits. Interest Charged This is the amount of interest that you are being charged in this statement period, based on your APR and the balance it is applied to. This amount is also listed in the "Transactions" section. New Balance Your new balance is the total of your previous balance, minus any payments and credits, plus purchases, cash advances, other debits, fees, and interest charges. New Balance Your new balance is the total of your previous balance, minus any payments and credits, plus purchases, cash advances, other debits, fees, and interest charges. Minimum Payment Due This is the minimum amount of money you must pay by the due date in order to avoid a late fee. Payment Due Date Your payment must be received by Provident Credit Union by this date to avoid additional late fees. If you pay off your balance by this date you will avoid any additional finance charges the following month. Notes of Interest Be sure to check here for any promotional offers or other important information for Provident card holders. CURewards Points Activity Reward points are earned on every signature-based Visa transaction and can be redeemed at www.curewards.com for a host of merchandise and travel options. This section lets you see how many points you have earned in this statement, how many you have in total, and more. Transaction Date 'Trans' is short for 'Transaction Date'. This is the actual date that the transaction occurred (compare to "Post" date). Post Date 'Post' is short for 'Post Date'. This is the date that the transaction was debited or credited to your account, and may be different from the transaction date (if you made a purchase on a weekend or holiday, for instance). Reference Number This is a unique code assigned to each Visa card transaction. It serves as a reference number in case you need to make an inquiry about the transaction. Description This tells you the merchant and/or product or service for each transaction or otherwise describes the debit or credit. Fees & Interest Charged Your interest charges and fees are shown right below your other transactions, so you can easily scan the list to see all charges that contribute to the final balance. Amount The specific U.S. dollar amount charged for each transaction (credits are shown as negative numbers). Finance Charge Information This area shows how we calculated your finance charges, if any. It shows your average daily balances, days in the billing period, the periodic rates (since APR is the rate per year, this shows what the rates are for the number of days in the billing period--about 1/12 per month of the annual rates), and the total. Interest Charge Calculations This area breaks down the various interest rates associated with this card, how much of your total interest owed is attributable to each rate, and how much of what is still owed falls into each rate group.

Please note: This page is presented as a guide to better help you understand your Provident Credit Union Visa Credit Card statement. It should not be used in place of the Provident Credit Union Visa Card Agreement and Disclosure you received with your card. If you have any questions regarding your rights and/or responsibilities, please refer to that Agreement and Disclosure.