MSE News: Credit card annual statements to show true cost of plastic

backinbusiness

Us relatively new debt-frees like the chance to feel smug at not having spent a penny on interest!

SnowTiger

Wammer wrote: »

I have a Capital One card. I have just checked the online statement I downloaded and I didn't get an Annual Statement?

It came with my January paper statement and is part of my Estatement PDF for that month, which I can download from Capital One's website.

SnowTiger

glider3560 wrote: »

Exactly the same for me. Quite high spending figures as I currently pay my rent by credit card.

I would hope that it is sent with a normal statement, so only costing one sheet of paper per customer with no extra envelopes or stamps.

The one I received was sent in the post with my usual Capital One statement.

And, IIRC, I opened the account in January several years ago, so it was sent on the anniversary of my account being opened, as mentioned in the article.

Hazzanet

A waste of time, money and paper in my opinion.

anniecave

A waste of time for all the people who always pay their balance in full on time, or rotate between 0% deals and so never pay any fees or interest.
However 2 out of my 3 credit cards are online statement only, so at least those won't be wasting paper and postage giving me this information...

Pincher

Do they still demand three months utility bills when you apply for stuff? Something you printed yourself just makes it a farce.
Letter heading used to mean something.

To those who got conned into ticking paperless billing:
check they don't want £5 for a printed one in the future.

Also, I wonder whether HMRC will accept non-hard copy in an audit.

Consumerist

Might come in handy for sorting out the next mis-selling scandal.:)

A.Jones

I got my amex one yesterday. Came the same day as my statement but in a different envelope. I wondered what it was to start with.

Just like the one above. Spend £7625 or so. Total charges £0.