Learn how to check credit card statement
Both online and offline statements are available for your credit card. A statement can be downloaded online if you log into your credit card issuer’s online account. You can download your statement from the account you have established. Many financial institutions also provide your statements via email at your registered address or notify you via text message at your registered mobile number.
How do credit card statements work?
You receive your monthly credit card statement from your credit card issuing bank on a particular date each month detailing your debits and credits for the month, like a reversal of fee charges.
Additionally, the statement lists the total amount due, the due date, and the minimum RBL Bank CC payment requirement. In a statement of account, you can see the detailed account summary of your card expenditures for a certain month, and you can determine if there are any inconsistencies.
Whenever you make a credit card charge, the issuing bank records the charges and bills you undertake each month for additional fees (like interest, annual fees, etc.). This is known as a credit card statement.
You should list every transaction, showing the date it was posted to the bank (often a day or two after the transaction happened) and the merchant’s name (or their parent company). Your credit limit, available credit, prior balance, amounts paid against your prior statements, current balance, minimum amount due, due date, and so on should be listed as well.
Where can you find your credit card statement?
A physical copy of your credit card statement can also be sent to your residential address by your credit card company. You must read your credit card statement carefully when you receive it. You will find several terms on the credit card statement, including:
Credit limit
You are only allowed to use your credit card up to this amount. The utilization ratio of your credit card should not exceed 30-40% of its limit if you want to avoid debts. You can also improve your credit score by keeping your credit limit below 30%.
Bill generation date
The bill generation date for each credit card is set in advance. All your credit card transactions for the month will be billed simultaneously every month.
Payment due date
You must pay your credit card bill within the due date. Interest and late fees will be charged if the bill is not paid by the due date.
Minimum due amount
To settle the outstanding balance, you must pay the minimum amount. The minimum amount is a lower percentage of the total amount due.
Total amount due
Your credit card statement will have the details listed below. You will also see your outstanding balance. There is a total amount payable, including the EMIs on loan and the balance from the last billing cycle. To avoid an accumulation of debt and hefty late RBL Bank CC fees, it is advisable to pay off all outstanding bills each month.
Transaction history
Additionally, your statement contains a record of all billing cycle transactions. You can review expenditures, cashback, and discounts on it.
Rewards history
The statement also lists any rewards or offers you have earned for your purchases. Reward points help you save money and reduce your bill.
Where you can get your credit card statements
Banks typically send statements to your email address within one to two business days of billing, and they usually send reminders before the due date. You can log in anytime to see the account summary and previous RBL Bank CC payment statements through their online banking service if you have a credit card. Alternatively, you can also download the PDF.
Author Bio:
This is Aryan, I am a professional SEO Expert & Write for us technology blog and submit a guest post on different platforms- Technoohub provides a good opportunity for content writers to submit guest posts on our website. We frequently highlight and tend to showcase guests
