Benefits of Online Statements

Chances are you have received notices from your credit card company about switching from traditional paper statements delivered through the mail to paperless online statements.

Why switch to online credit card statements?

Many consumers have switched to managing their accounts online for a variety of reasons, not the least of which is concern for the environment. Estimates vary, but it is agreed that if all American consumers paid their bills online each month, millions of trees would be saved every year; not to mention the savings in gasoline and electricity.

Another consideration is security. Valid concern about credit card fraud and identity theft has led some credit cardholders to embrace e-statements - no more paper bills to shred, no more worrying about thieves going through your trash to find private financial information.

The benefits of online statements

Nearly every credit card company offers a secure online statement option. In addition to paying your bill online, you'll be able to manage every facet of your account with a few clicks of your mouse. Here's a sample of the assortment of features offered by credit card issuers to their online customers:

Pay your bill online at your convenience - 24 hours a day, seven days per week
Payments will usually post the same day you pay it (if paid on weekdays by 5 p.m. eastern time)
Make multiple payments per statement
Access current and previous statements
Check your balance, payment due date, and available credit
Look at your payment history
View your most recent transactions (too recent to be included on your paper statement)
Transfer balances from other high interest cards
Request an increase in your line of credit
Order convenience checks for cash advances
Request a replacement card if yours has been lost or stolen
Keep updated on your rewards programs

With so many convenient options available to help you manage your credit card accounts online, it might be time to contact your credit card companies to see what they offer. Call and speak to a representative, or visit their website to see if online banking is right for you.