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What to Do with Old Credit Card Statements in Tampa

A person holding a credit card over a laptop open to a clothing retail website.

Every month your credit card is active, you’ll receive a monthly billing statement that explains your credit card activity.

These paper credit card statements comprise a list of transactions you’ve made, fees incurred, and payments you’ve sent to your account.

Since you may have one or more credit card statements mailed to you each month, your stack of mail can quickly build up.

Let’s discuss whether you should keep or destroy past credit card statements.

Is It Important to Keep Credit Card Statements?

Credit card statements are important financial documents that allow you to verify each transaction made on the card.

You’ll be able to verify every charge made on the card and file disputes if you notice any irregular activity.

With the prominence of online banking, most credit card statements are available online. For this reason, you’re likely able to access several years of credit card statements on your credit card issuer’s website.

Even if you don’t have e-statements, credit card users generally don’t have to keep paper statements for very long.

How Long Should You Keep Credit Card Statements?

In general, it’s recommended that credit cardholders keep their old credit card statements for at least 60 days. This is because the Fair Credit Billing Act states that consumers have up to 60 days to report fraud and other billing errors to their credit card company.

However, it may be a good idea to keep credit card statements longer than 60 days if:

  • You solely rely on paper copies
  • You’re in the middle of a dispute or planning on opening one
  • You’re waiting for statement credit from a purchase
  • A purchase is covered by extended warranty protection
  • A purchase is covered by purchase or return protection

Nevertheless, it’s recommended you set up online credit card statements if you misplace any important financial documents.

ShredQuick Has You Covered

After you’ve passed the point where holding old credit card statements no longer makes sense, it’s best to destroy them properly. Credit card statements contain a lot of personal information that could bring trouble if they find their way into the wrong hands.

The best way to permanently destroy old credit card statements is to shred them. ShredQuick’s AAA-certified team will securely shred your old credit card statements along with other sensitive records. And guess what? We can shred on-site at your location in Tampa

To receive a free quote for your shredding needs, give us a call today!

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