First Credit Card Bill? Here’s How to Review It Like a Pro
New to credit card bills? Learn how to review your first statement like a pro—understand billing cycle, charges vs. fees, payment due amounts, and reward tracking to avoid hidden surprises
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First Credit Card Bill? Here’s How to Read It Smartly
Your first credit card bill can be confusing, but a quick check of five key areas will keep you in control:
Billing Dates – Confirm your statement period to plan payments and avoid late fees.
Transactions – Scan for unfamiliar or duplicate charges and report issues immediately.
Due Amounts – Understand the difference between total due (to avoid interest) and minimum due (to avoid penalties).
Fees & Charges – Watch for hidden costs like foreign exchange or late fees, and dispute if necessary.
Rewards – Track your reward points, redemptions, and expiry dates to maximise benefits.
Regularly reviewing these details will help you avoid errors, maintain a healthy credit score, and make the most of your card.
