Money Tips: No Need to Download Online Credit Card Statements

Posted On: January 1, 2007

Guest: multiplierx
Credit Expert (100+ Posts)
Post subject: No Need to Download Online Credit Card Statements
Posted: Sun Oct 01, 2006 6:43 pm

JaneiR36 wrote:
Wait a second, I misunderstood something. I thought they would send a full statement by email? Not just a notification that the statement is ready online? You’re right, Polonius, I already get that If the statement is in a location where it’s not permanently filed and I still have to download it somewhere or print it out so that I can have it stored permanently, this just lowered the value of paperless statements several notches! I’m really quite disappointed

Most online statements store 6-12 months or more previous statements. No need to download anything.

Honestly, other than investments it’s been very rare I’ve needed to go back and find an old statement for anything over the past 25 years. For credit cards, a few months back should be plenty. If in the rare case you actually needed an older statement, you could always request they send it to you.

Guest: multiplierx
Credit Expert (100+ Posts)
Posted: Sun Oct 01, 2006 6:47 pm

JaneiR36 wrote:

What’s worse, when I do need to reference an item on my bill, it’s H-E-Double-hockey-sticks to find the correct statement.

Yodlee, in addition to invidual legders, keeps a record of all your transactions combined across all your banks, brokers, creditors, etc. It’s handy for finding transactions you made but can’t remember which bank you used to make the payment.

Guest: JaneiR36
Credit Expert (100+ Posts)
Posted: Sun Oct 01, 2006 7:19 pm

multiplierx wrote:
If in the rare case you actually needed an older statement, you could always request they send it to you.

For a small fee? MBNA was requesting $2.50 at one point. Chase upped theirs to five bucks, I think.

Yodlee sounds like an online version of Microsoft money? Might be a little better, seeing as I wouldn’t have to keep upgrading the software when the older versions went out of date. I need previously ignored statements whenever I want to tally how much I’ve been spending in a certain category, that kind of stuff. Sometimes I want refunds for old items I want to return. I’m not sure if any of them have ever been over a year old, but it’s possible.

Guest: multiplierx
Credit Expert (100+ Posts)
Posted: Sun Oct 01, 2006 7:32 pm

Yodlee does spending reports. It lets you categorize transactions. I prefer their own version but they also offer Yodlee through BOA(My Portfolio) and several other banks.

I can’t recall seeing any fees for paper with any of my online statements. Then again, I have never needed to request an old statement. I think I can count the number of returns I’ve done, going back to the 70s, on one hand.

Check Yodlee out. I bet you’ll like it.