Reduce Credit Card Fees and Interest - Making Sense of Credit Card Charges
You should always have a check on your credit card statements.
Any kind of laziness can lend in great financial trouble.
You may get high interests or penalties as a result of it.
It is always better to have an idea of your statement to avoid any inconvenience, even if you are an experienced card holder.
As whole of the information is jammed in just one page in your statement, it may become confusing for you to understand it.
Most of the people because of this opt not to have a review of it.
One must take a proper time out to read carefully his credit card statement.
The statement should display your correct account number.
Account number is the special number provided by the credit card company to you for the identification purpose.
Whenever a payment is charged from your credit card, it is accounted in this account number only.
If you want to avail any customer care service, you need to provide this number first.
There are few things that you should take care of while going through your credit statement.
• The credit statement displays all the transactions that are made through your credit.
You are provided with a deadline to make payments of the bill.
One should always make this payment on time to avoid any late fee and additional finance charges.
• There is a certain limit up to which you can charge your card at one time.
This limit is called Credit Line.
The total amount should never go over this value even if you go for multiple transactions.
There is a penalty for exceeding this amount known as over-the-limit fees.
The statement also displays how much outstanding balance you have, that is, how much more can you spend.
• At times, you charge your card for more than what your available amount is.
This amount is accounted as new balance information.
You are entitled to pay this amount by the due date so that you are not charged with any kind of interest.
• The transaction list gives you the detail of each and every transaction that is made with your credit card.
Any purchases, returns, dues or interests are accounted in this list.
It helps you to have a check on your expenditure.
If you are charged extra or anything you see that you have not bought, immediately contact your credit company.
Any kind of laziness can lend in great financial trouble.
You may get high interests or penalties as a result of it.
It is always better to have an idea of your statement to avoid any inconvenience, even if you are an experienced card holder.
As whole of the information is jammed in just one page in your statement, it may become confusing for you to understand it.
Most of the people because of this opt not to have a review of it.
One must take a proper time out to read carefully his credit card statement.
The statement should display your correct account number.
Account number is the special number provided by the credit card company to you for the identification purpose.
Whenever a payment is charged from your credit card, it is accounted in this account number only.
If you want to avail any customer care service, you need to provide this number first.
There are few things that you should take care of while going through your credit statement.
• The credit statement displays all the transactions that are made through your credit.
You are provided with a deadline to make payments of the bill.
One should always make this payment on time to avoid any late fee and additional finance charges.
• There is a certain limit up to which you can charge your card at one time.
This limit is called Credit Line.
The total amount should never go over this value even if you go for multiple transactions.
There is a penalty for exceeding this amount known as over-the-limit fees.
The statement also displays how much outstanding balance you have, that is, how much more can you spend.
• At times, you charge your card for more than what your available amount is.
This amount is accounted as new balance information.
You are entitled to pay this amount by the due date so that you are not charged with any kind of interest.
• The transaction list gives you the detail of each and every transaction that is made with your credit card.
Any purchases, returns, dues or interests are accounted in this list.
It helps you to have a check on your expenditure.
If you are charged extra or anything you see that you have not bought, immediately contact your credit company.