Credit Card: Nowadays, many people have started using credit cards. However, there are very few people who check all the charges levied on their credit cards. This is the reason that sometimes some hidden charges are levied on them, which they are not aware of. Many times, banks impose some hidden charges on their customers in the credit card statement. Let us know which 10 things should be checked in the credit card statement, so that if there is a hidden charge, you can know.

1- Check the minimum payment

First of all, check the minimum payment amount on the credit card statement. Check whether the calculation of the minimum payment is correct. Let us tell you that if you have made only the minimum payment, then the bank can charge you an additional charge, which is interest.

2- Was there a late fee?

If you do not make the payment on time, then the bank can charge a late fee. It is not that this charge will be levied only on a delay of a few days or weeks. Many banks charge late fees even for a delay of a few minutes or even seconds. Therefore, always check the date of payment carefully and pay on time. Also, check how much the late fee is charged.

3- Also, check the transaction charge
Many times, banks charge extra for foreign transactions. This charge can be hidden, so look at it carefully.

4- Cash advance charge
If you have withdrawn cash from a credit card, then you may also be charged a cash advance fee. This charge can be quite high, so try to avoid it. If there is any such charge in your statement and you have not used that service, then you should immediately complain about it to the bank.

5- Overlimit charge
When you spend more than the limit of your credit card, the bank can charge an overlimit fee. This charge can be hidden in the statement.

6- Interest rate
It is also important to check in the statement whether the interest rate charged is correct or not. Some banks may charge higher interest rates.

7- Reward points
If you have a plan for reward points on your credit card, then it is important to check whether the correct points have been credited to your account. Sometimes, there can be a mistake in the reward points.

8- Annual charge
Some credit cards charge an annual fee. This fee may be hidden in the statement, so check it carefully.

9- Charges on EMI
If you have converted a transaction into EMI, then definitely check the additional charge or interest on it in the statement.

10- Offers and discounts
Many times, banks claim to give the benefit of an offer in the statement, but there may be hidden charges with it. So, understand these offers properly.

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