Now-a-days, everybody has become accustomed to making purchases using a credit card. But, when it comes to understanding credit card statements, most cardholders are still clueless about many terms used in the statement. This is the reason why many people do not care about reading their card statement details. They simply see the amount due; overlooking other details and assume that it is the only important detail in the whole statement.

But, this is an incorrect way of reading credit card bills, which can prove costly in case of frauds or in case the card issuer includes incorrect payment information.

In simple words, a credit card statement can be defined as a monthly billing statement received by a credit cardholder, which is issued by the credit card company. It is a summary of all transactions that have taken place using the plastic card and the outstanding balance which needs to be paid, along with other details like payment date, minimum amount due etc.

A credit card statement consists of two parts. The first part is the payment coupon, which can be separated from rest of the statement and enclosed with the payments. The second part is the actual statement containing the details of the customer's credit card activity. Listed below are some important particulars found in credit card statements.