Related Topics: credit card terms
A credit card statement credit is a payment made by a business and posted to your credit card account. Such payment shows up on your monthly credit card statement as a credit, which reduces your account balance. You may receive statement credit for purchase refund, credit card bonus, or redemption of credit card rewards points or miles. Are statement credits better than other forms of cash back? Are statement credits taxable? What credit cards are offering statement credits for bonus or rewards? Continue reading to find the answers.