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What is the Cardholder Statement of Account?

1 Answer

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Final answer:

The Cardholder Statement of Account is a document provided by the credit card company to the cardholder, which summarizes the transactions made using the credit card within a billing cycle.

Step-by-step explanation:

The Cardholder Statement of Account is a document provided by the credit card company to the cardholder, which summarizes the transactions made using the credit card within a billing cycle. It includes information such as the date, description, and amount of each transaction, the total balance, minimum payment due, and the payment due date. This statement is an important tool for the cardholder to track their spending, reconcile their account, and make timely payments.

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