Credit cards have introduced people to a whole new world of financial freedom. Of late, it has become one of the most sought-after financial product in the market. From tackling month-end bankruptcy to unplanned expenses, credit cards have made it easy to slide through all these issues. However, it is important to keep a track of the expenses one is making using their credit card. Overshooting their credit limit or making late payment can affect their credit score badly. So, to help the cardholders keep a track of their credit card expenditure, banks had introduced credit card statement.
A credit card statement can be defined as the monthly assertion that records all the payments, expenditure, and other debit and credit payments made to one’s credit card account within a particular billing cycle.
HSBC Bank provides credit card statement to its credit card customers where they list down purchases, payments and other debit and credit made to the card. Listed below are the benefits of email statements sent by HSBC for its credit card customers:
An HSBC credit card statement is divided into eight different sections. Every small transaction detail is mentioned on it clearly so that the cardholder gets a clear picture of his expenditure. Listed below are the various sections and sub-sections on an HSBC credit card statement:
Cardholders can make a request for online credit card statements using the NetBanking facility. Once this request is fulfilled, the bank will discontinue sending hard copies of their credit card statement. Offline credit card statements can be obtained by via post. For this, the cardholder will have to visit their nearest branch of HSBC bank to register for the same.
In case the cardholders spots an expenditure on their credit card that they didn't make, they must make it a point to bring it to the attention of their bank. For instance, at times, cards get double-swiped. Listed below are ways in which the cardholder can fix an error in their credit card statement:
All current and savings account holders can register for email credit card statement.
Savings account customers who register for email statements can receive a monthly update of their accounts. Customers who have current accounts with HSBC bank can choose to get daily/weekly/monthly statements via email.
Cardholders can register for email statements through the NetBanking facility of HSBC or by visiting their nearest HSBC branch.
Once the cardholder registers for an email credit card statement, issuance of hard copies of the same will be discontinued.
The facility of availing credit card statements via email is free of cost.