What's a monthly statement, and what's on it?

Every month, you'll be sent a statement, which is a summary of your account history over the past month. You can view and download your statements from your Petal account. 

Each statement will include: 

  1. Your billing cycle—the range of dates used to determine which transactions are reflected on your monthly statement
  2. Your payment due date 
  3. Your New Balance—this is the full amount owed on your most recent statement (we call this the Full Statement Balance on the Petal website)
  4. The minimum payment amount due
  5. Your Previous Balance—any unpaid balance on your account from the last billing cycle (we call this the Statement Balance) 
  6. A list of purchases, payments made, credits, and other debits posted to your account during the billing cycle
  7. Your APR and credit limit
  8. Any interest charged during the billing cycle

 

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