Why Your Credit Card Bill Is Important
Understanding how to read your credit card bill is as important as knowing why it's necessary in the first place. Contrary to popular belief, these convenient plastic cards need not be avoided altogether, however need to be used with certain amount of caution or rather self-control. Let us first try to understand how to read a credit card bill. Here's what you will find in your bill: 1) Your credit card number 2) Your account summary 3) Payment due 4) Balance payment 5) Minimum amount due 6) Available credit limit 7) Applicable interest charges 8) Payment Due Date Account Summary: also known as the statement date. This gives a list of all the purchases you have made using your credit card in the past one month (your bill is generated on a monthly basis). Also, details about where you've swiped your card and how much you've swiped it for will be listed. Payment due:this column will show how much you have yet to pay on your credit card for the curren...