statement credit

A statement credit is a reduction applied directly to your credit card bill, lowering the amount you owe. For example, if your statement balance is $200 and you receive a $50 statement credit, your new amount due is $150. It's often offered as a reward, promotion, or compensation, and appears as a credit on your next billing statement. This means you don't have to take separate action to redeem it; it simply decreases your outstanding balance, making your bill smaller and easier to pay.