10 important things to check in your credit card statement

MUMBAI: A credit card statement is a detailed summary of your card usage which includes payments, purchases, credit balance, reward points, etc. Further, Adhil Shetty, CEO, BankBazaar.com said, “Whether you are a veteran credit card user or a new one, knowing how to read your credit card statement will keep you on top of your borrowings, help you get the most out of your reward points, and allow you to spot anomalies such as frauds.” Thus, while going through your credit card statement, you must pay attention to these 10 important heads. However, many credit card companies also give a ‘grace period’ of anywhere from 20 to 25 days from the end of one billing cycle to the next due date for your payment,” Shetty added. “One of the major advantages of credit cards is these reward points that can result in significant savings over time if used judiciously,” said Shetty Important information: Shetty said, "This section of your credit card statement is a summary of any changes in the interest rates or terms of usage or features.