Credit Cards have drastically changed the way we look at our finances. Time and again, they have brought premium products within our buying reach and with this, have taught us that no product is that far away. However, the mechanism that revolves around Credit Cards requires us to repay our dues on time. This brings the most Credit Card statements into the picture.
A Credit Card statement helps us keep our expenses in check. It also acts as a course correction whenever we spend more than we had planned. It provides a complete record of your credit history and has a variety of uses.
Along with these, the credit card statements also help ensure that your credit score is not impacted.
Credit card statement mentions the payment due date at the end of a billing cycle. This date is critical as it has a significant impact on your creditworthiness. By displaying the due date, the credit card statement reminds you to pay your bills on time so that your credit score is not hampered. The credit card statement also highlights incorrect charges, which, when left unpaid, can affect your score. This can be caused by duplicate charges levied on your purchases or identity theft. By using the statement, you can highlight all such discrepancies, unauthorised transactions and suspicious activity to the issuer, so that you are not charged unnecessarily.
Credit cards let you enjoy the advantages of borrowed credit such as buying on EMI, availing a loan, withdrawing cash, enjoying rewards, improving your credit score, etc. Keeping track of your credit card statement can help you reflect on your finances and make the most of credit cards without falling into debt. To know more, download the Finserv MARKETS App.
“Finserv MARKETS, a subsidiary of Bajaj Finserv, is a one-stop digital marketplace that has been created for consumers on the go. It offers 500+ financial and lifestyle products, all at one place. At Finserv MARKETS, we understand that every individual is different. And that’s why we have invested in creating a proposition – Offers You Value. A value proposition that ensures you get offers which are tailor made for you. We also offer an amazing product range and unique set of online offers across Loans, Insurance, Investment, Payments and an exclusive EMI store. Be it in helping you achieve your financial life goals or offering you the latest gadgets, we strive to offer what you are looking for. From simple and fast loan application processes to seamless and hassle-free claim-settlements, from no cost EMIs to 4 hours product delivery, we works towards fulfilling all your personal and financial needs. What’s more! Now enjoy the same benefits in just one click with our Finserv MARKETS App.”
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