Get salary accounts for your team See benefits
Get salary accounts for your team See benefits
Table of Contents
ToggleHave you noticed that credit cards are becoming more common in India? Many people are using them for everyday purchases. While they’re convenient and offer a lot of rewards, it’s important to use them wisely. A credit card statement provides a detailed record of your transactions, including purchases, payments, and interest charges. Knowing how to read and understand your statement helps you manage your money better. This guide will teach you how to check your credit card statement so you can keep track of your spending.
A Credit Card statement is a document that provides a detailed summary of your credit card activity during a specific billing period. It includes all the transactions you made, such as purchases, payments, and any refunds or credits. The statement also shows any fees and interest charges applied by the credit card company. Reviewing your Credit Card statement is important to ensure all the entries are accurate and to keep track of your spending.
The Account Summary provides an overview of your financial activity with the bank. It shows how much you’ve paid, how much you’ve spent, and whether you have any past-due amounts. This section helps you quickly understand the overall status of your account.
Your credit card statement will provide a detailed, chronological list of all the transactions you’ve made during the statement period, which usually covers the previous month. Domestic and international transactions might be listed separately. For each transaction, you’ll see the date it was made, a description of what it was for, and the amount spent. The statement also includes any credits to your account, such as payments you’ve made toward your credit card bill or refunds you’ve received, which will be marked with a “Cr” next to the amount. It’s a good idea to review each transaction and compare it with your receipts or transaction alerts to ensure everything is accurate.
This section will list all the fees and interest charges you’ve incurred during the billing cycle. These may include annual fees for your credit card, late payment fees, over-limit fees, and interest on outstanding balances. Pay close attention to the interest rate, as it can significantly impact your overall cost.
If your credit card offers rewards, this section will provide a summary of the points you’ve earned. It will typically show the total points earned, how the points can be redeemed, and any expiration dates.
Credit card companies often provide exclusive offers and promotions to their customers. This section might highlight any relevant offers or deals you’re eligible for, such as discounts on purchases, travel benefits, or insurance coverage. Be sure to review these offers to see if they align with your spending habits.
This section contains crucial information about your credit card account. It may include your credit card number, billing cycle, card type, and important legal disclosures. Make sure to read through this section carefully to understand your rights and responsibilities as a cardholder.
Want a credit card that fits all your needs?
Find your perfect match with our Edge CSB Bank RuPay Credit Card on Jupiter
Reviewing your credit card statement regularly is an important step in managing your finances. By understanding each section and monitoring your transactions, you can keep track of your spending, avoid unnecessary fees, and make the most of your card’s rewards. Make this practice a habit to stay on top of your financial health.
To download your credit card statement, log in to your card issuer’s Net Banking portal. You can also download it from your email if the statement was sent to you. Simply save the email attachment as a PDF file.
If you find any errors in your credit card statement, contact your card issuer’s customer care number to report them. If the issue is valid, they will correct it. The statement amount will be updated or adjusted in your next statement.
Priyanka Rao is a content strategist for Jupiter.Money, and specializes in writing on topics related to finance, banking, budgeting, salary & wages, and other financial matters. She has a passion for creating engaging content that resonates with audiences across various digital platforms. In her free time, Priyanka enjoys traveling and reading, which allows her to gain new perspectives and inspiration for her work. With a keen eye for detail and a creative mindset, Priyanka is committed to creating content that connects well with her readers, enhancing their digital experiences.
View all postsPriyanka Sharma is the Head of Credit Cards (Sr. Director Business & Product - Credit Cards) at Jupiter Money, where she leads the growth and development of the company’s credit card portfolio. She is responsible for driving strategic initiatives and enhancing customer experiences through innovative credit products. Priyanka’s leadership is shaping Jupiter’s approach to simplifying personal finance for its customers. Prior to her role at Jupiter Money, Priyanka was an Engagement Manager at McKinsey & Company, where she provided strategic advice to clients across various sectors. Her expertise in business strategy, growth, and operations was built on her strong analytical skills and client-focused problem-solving abilities. Earlier in her career, she worked at ZS, a global business consulting firm, where she contributed to various projects, gaining significant experience in data-driven business decisions. Priyanka holds a Post Graduate Programme in Management with a focus on Finance, Strategy, and Leadership from the Indian School of Business (ISB), where she graduated with distinction, earning a place on the ISB Dean’s List. This prestigious academic achievement underscores her deep understanding of financial strategy and leadership, which she continues to leverage in her fintech leadership role.
View all postsPowerd by Issued by