Bangalore: Most of the people are interested in using their credit cards but they become impatient at the time of repayment. Credit card statement is a detailed bill of the usage of your credit card. The statement comes not only with amount that need to be paid but also various other information that almost all the card users avoid reading and would give attention to the bill amount. Due to this impatience they will miss some of the important areas that need to be checked in order to look for fraud or for payments that could be done incorrectly.

The list given below shows the three mandate areas that need to be checked in a credit card statement as reported by Economic Times bureau.

1. Amount Due

     Due amount is the minimum amount that needs to be paid by the card holder in order to avoid extra late fee payment. The actual amount comprises of several other things like interests, annual fee, service tax and more.

Thus to avoid fraud and overpayments it is advisable to check for the above three points in your credit card statements.

2. Purchase Details

Maximum amount of purchases per month done by you is listed in your credit card statement and it also includes the list of repayments and opening balance.

3. Maximum Credit Limit

Credit limit is the maximum amount that you can borrow from the issuer. The balance after reducing the credit limit and the due amount is called as the credit limit available.

Thus to avoid fraud and overpayments it is advisable to check for the above three points in your credit card statements.