Back to Credit & Debt
Lesson 16 6 minute lesson Interactive
Reading a Credit Card Statement
Find the statement balance, due date, minimum payment, interest charge, and transaction list.
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Lesson goal
Use a monthly statement to avoid late payments and spot unfamiliar activity.
Three ideas to keep
1
Review every transaction
2
Distinguish statement balance from minimum payment
3
Report unfamiliar charges promptly
Try it
Make the call
Your statement shows a purchase you do not recognize. What should you do?
Knowledge check
Lock it in
Why can paying only the minimum be costly?
Finish both activities