Credit Cards
recommended by
our experts

Get Cards
Credit Card eZine - News and Articles about Credit Cards

Credit Card eZine - News and Articles about Credit Cards

Get even more information on credit cards? Read our Credit Card eZine. The section is regularly updated by our specialists. Learn all the financial tricks. Know the pitfalls and hidden bonuses. Find out how to transfer balances and accumulate points. We will tell you about the latest offers on the market.Get your credit card education and make the most out of your plastic.

How to Read Your Credit Card Bill

[August 30th, 2019]

When you open a credit card, the issuer starts to monthly send you billing statements in mail or make it available to view online if you sign up for paperless billing. Such bills typically not only include the amount of your purchases from the previous month but also indicate some other charges and additional information. Thus, it may be not so easy for a credit cardholder to sort all the numbers out.

However, keeping track of and understanding your payments is definitely something you should pay attention to. To become savvy in this matter, first of all, look into the main types of charges you may find listed in your credit card bill:

  • Previous and New Purchase Balances
  • As a rule, the biggest amount on your statement is composed of purchases made in the last billing period. To this amount, there may be added unpaid balances from previous periods.

  • Interest
  • This charge is based on the card’s APR and is levied for the unpaid balance. In some cases, you may not be charged interest at all. For example, if your card offers a 0% APR period or if you pay off your balance in full before the due date.

  • Annual Fee
  • This kind of fee is taken for just using your credit card and its service. In most cases, as it derives from the name, it is charged once a year. Some cards waive it for the first year or come with no annual fee at all.

  • Penalty Fee
  • This fee may occur when you fail to make your payments on time or exceed your card credit limit. The main thing to remember is that, according to the law, a late payment fee cannot be bigger than $35.

  • Cash Advances
  • In case you have used your card to withdraw cash from an ATM during the previous months, you will see it reflected in the next statement. In addition, you will surely notice quite significant interest and fees for this action.

  • Balance Transfers
  • If a credit card gives the opportunity of transferring balances from other credit cards to it, then such operations will also be indicated in monthly bills. Don’t forget that balance transfers usually bring additional APRs and fees that are also stated in the bills.

  • Foreign Transaction Fee
  • Another type of fee may appear on your bill after you use your credit card abroad or transfer money in foreign currency. You are lucky if your card keeps away from it.

  • The Minimum Payment
  • This number implies the lowest amount you can pay on your credit card in order not to be past due and not to receive late fees along with extra interest. Typically, it is counted like all interest applied plus 1% of the whole debt.

In addition to the main credit card charges listed above, your billing statements usually include the following information:

  • The Payment Due Date,
  • The Credit Limit and Available Credit,
  • The Length (days) of the Billing Period,
  • Credit Card Issuer Contact Information,
  • Rewards Earned/Redeemed (if applicable).

Now when you receive your credit card bill next time, you will be able to competently study all the numbers it contains. Make sure that there are no errors and you are to pay only for what you really should. Thus, you will significantly reduce the risk of unreasonable charges and will always own the situation.

Share Opinion:   digg   Furl   YahooMyWeb   Propeller   Reddit   Google
[June 10, 2022]
Mastercard recently launched tech that allows retailers to offer biometric payment methods, like facial recognition and fingerprint scanning.

Biometric identification is a growing market, and although the desire to innovate in this field is not new, Mastercard is now going a step further with a t...

[September 29, 2021]
It has long been extremely difficult to be approved for a credit card, even a secured credit card, with no credit score. While some credit card issuers allow co-signers, many major issuers do not.

Going forward, you may no longer need a credit score to qualify for a credit card. JPMorgan Chase, U...

[May 20, 2020]
Bankrate has recently conducted a survey of U.S. consumers’ payment habits amid the coronavirus. According to it, the number of Americans paying for grocery purchases with credit cards increased significantly in April and reached 46%. For comparison, this amount in December 2019 was just 27%. On t...
* The webpage is a free service and an information resource for credit cards and financial products and services available to eligible United States consumers. does not offer any warranties and is not a direct service. There are no guarantees for approval or offers when applying for a credit card. Please refer to the application if you would like more information on each credit card. When you click "Apply" for a particular credit card, please take the time to review the terms and conditions of the product/service at the issuer's website. All logos on the website are property of their respective owners.
Disclaimer: This editorial content is not provided or commissioned by the credit card issuer. Opinions expressed here are the author's alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. Reasonable efforts are made to present accurate info, however all info is presented without warranty. Consult a card's issuing bank for terms & conditions.
We do our best to maintain the information accurate at However, all the credit cards information is subject to change and presented without warranty. See the up to date credit card terms and conditions on the secured credit card application page. Note that may be compensated by credit card issuers when visitors apply for a credit card through the links on this website., an independent, advertising-supported website, receives compensation from the companies whose offers appear on the site. This compensation impacts where and how credit products appear on our site, including, for example, the product listing order in which they may appear on separate pages. does not present or review all available credit or financial offers.
Disclosure: Not an access card.