How to Read Your Credit Card Statement

Your credit card statement contains important information. Here’s what each section means.

Numbers That Matter

Statement Balance: Pay this in full to avoid interest

Minimum Payment: The least you can pay (but shouldn’t)

Payment Due Date: Miss this, and you’re late

Credit Limit: Your maximum spending cap

Available Credit: What you can still spend

The Bottom Line

Review your statement monthly. Catch errors early. Know your payment due date. Pay the statement balance in full—not just the minimum.