Do Credit Card Statements Show What You Bought?

Q:

Do credit card statements show what you bought?

A:

Credit card statements do not specifically show what you bought. They do not itemized items you purchased. You will have to rely on the store receipt for that information. However, the credit card statements will show some detail on your transactions.

Credit Card Transaction Details

A credit card statement will typically reflect the following information regarding transactions:

  • Transaction Date: The date the transaction occurred. For example, if you go to Home Depot today and purchase a saw, today would be the transaction date. It is the date an item transfers from the seller (Home Depot) to the purchaser (customer).
  • Post Date: This is the date that the credit card company processes the transaction. The post date usually happens the same day as the transaction date or within a couple of days of that date.
  • Transactions: This will indicate the transaction made but without great detail. For example, if you went to Wal-Mart and purchased a long list of groceries, the credit card statement would not reflect every food item purchased. Instead, the statement would reflect something like “Wal-Mart” with the total amount charged for all items purchased.
  • Transaction Amount: Adjacent to the transaction made is the transaction amount. This the amount that was charged when you completed the transaction.

The above information is typically all that you will see on credit card statements in regards to a purchase. The statement does not get into specific details about a particular item that you bought. The receipt or a purchase contract will reflect greater detail on the transactions

In some cases, it is not even clear where an item was purchased from when reviewing the transaction details on the credit card statement. For example, if you charge $10 for donuts at a place called Sam’s Bakery, the statement transaction details might not show “Sam’s Bakery”. Rather the statement might show an alternative or parent company name for the transaction such as “City Bakery LLC”, as an example. You might have to try to remember the item purchased if you cannot tell by looking at the statement details.

Additional Statement Information

Credit card statements will also reflect additional detail in regards to your account. The statements will typically show the previous balance, current balance, cash advance limit, and credit limit. You will also likely see the minimum payment due and the due date for the payment. Furthermore, the statement may reflect interest charges, fees issued, a past due amount (if applicable), and the previous payment paid.