Things You Should Watch Out For In Your Credit Card Statement

Do you check your credit card statement every month?

If yes, that’s great! If not, it’s time to start. But don’t get overwhelmed, here’s what to check!

Statement due date

Different from payment due date, it is the date when the statement is generated. It is used to calculate the interest charges for late payment

Grace period

This is the additional time, after the payment due date, allowed to pay the dues. No interest is charged on the dues during the grace period.

Credit limit

It is the maximum amount that you can spend using the credit card. It is revised based on your credit behaviour and should be noted.

Reward points

While you might know about reward points, do you check how many you’ve accumulated? The statement shows your points which you should keep a tab on.

Transaction history

Check your transaction history every month to rule out unauthorised or fraudulent usage of your card without your knowledge. 

Check your credit card statement for these basic details. For rewarding credit cards, choose IDFC FIRST Bank and enjoy unmatched privileges.