Your credit card statement contains valuable information about your spending habits, fees, and rewards. Here's how to analyze it effectively.
1. Account Summary Previous balance Payments received New purchases Finance charges Current balance
2. Payment Information Minimum payment due Payment due date Credit limit Available credit
3. Transaction Details Every purchase, payment, and refund listed with: Transaction date Posting date Merchant name Amount
Interest Charges If you don't pay full balance, you'll pay: Purchase APR (15 25% typically) Cash advance APR (higher, ~25 29%)
Annual Fee Premium cards charge ₹500 ₹10,000+ annually. Calculate if rewards offset this.