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Credit Card PolicyPolicy Reference Number: Classification: First Issued/Approved: Review Frequency Last Reviewed:1.31 Generalizer the general election every four years 9 June 2015 (Res 487/2015) 18
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A credit card is a payment card issued to users (cardholders) to enable the cardholder to pay a merchant for goods and services based on the cardholder's promise to the card issuer to pay them for the amounts plus the other agreed charges.
Individuals who have a credit card account are required to file a credit card statement with the card issuer.
To fill out a credit card statement, individuals need to enter their personal information, details of transactions made using the card, and the total amount due.
The purpose of a credit card statement is to provide cardholders with a summary of the transactions made using the credit card and the amount due to the card issuer.
The information that must be reported on a credit card statement includes the cardholder's name, card number, transaction details, dates, and amounts.
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