why does your bank send you a statement why not the credit card company?

Answer 1

If I understand your question correctly your asking why VISA and or Mastercard, the companies that make/market the actual CARD your using, don't send you the bill instead of your bank/credit union/savings & loan or what have you.

VISA and Mastercard actually sell the services of PROCESSING the charges that you put on your card. And they provide and market the accessability (being able to use the card most everywhere) of the cards, making sure they work with everyone's selling/banking and ATM systems.

The banks and vendors (stores) PAY VISA and Mastercard for the right to use the logo and for the transaction processing that sends the money from your bank account or credit card account to the seller of the goods or services.

Your bank sends you the statement because the money comes from THEM, either from your debit checking account that they manage or from a credit card account.

VISA and Mastercard (and others) are just the middlemen.

Answer 2

Credit card companies send you a monthly statement just like the bank does. It comes along with your bill.

Answer 3

Credit cards are managed by banks. Duh...it's money.

Answer 4

That varies counting on the position your cycle hits. call the 800 enormous choice on the decrease back of the cardboard and ask them, they can look it up contained in the computer. inspite of your day is, it will be an same each month.

Answer 5

you must get a bill every month
that's your statement

Answer 6

They do, every month. It's commonly called: the bill.

Answer 7

they both do

Answer 8

they do

Answer 9

they do!!!!!!!!!