Credit cards have helped us to pay later for our expenses. A Credit Card statement is a document that comprises the record of your purchases, payments, and all transactions. Moreover, each transaction contains detailed information about the sender’s details, date, amount, and time.
Thus reading the credit card statement is a must to keep an eye on your expenditure. This helps you spend on necessary things and not end up with huge bills. For this, you need to register on the Bank’s website for obtaining a username and password.
After successful registration on the net banking website, you can easily access the net banking facilities. Moreover, by using the username and password, you can easily check your credit card statement online. The RBL Bank’s credit card holders can easily access the RBL credit card login. This facility is available both on RBL Bank’s official website and their RBL MyCard App. Usually, customers receive monthly credit card statements in their email. But keeping track of your credit bills is necessary to spend wisely. But why wait until the end of the month to receive the statement.
Credit Card statement online facility helps to check our credit card statement anytime. Also, the statement is free of cost and also receives many rewards along with payments too. Credit cards with high limits offer better offers and reward points. Thus, checking all your credit card statement pages is mandatory to get the breakdown of your expenses and interest charges.
Guide on how to Check Your Credit Card Statement online
- To check the credit card statement online, you need to log in to the Bank’s website.
- In the net banking portal, there will be an option for checking balances and bank statements.
- Click on the option of Credit card Statement to view it online or to download a pdf file.
- Available credit, unbilled amount, next due date, etc., are written in the credit card statement. The cardholder might get intimidated by a few sections of the credit card. To simplify such an exhaustive part of a credit card statement, read about such components to get an idea about your credit card statement.
The thing you need to know about components of online Credit card statements:-
After you view the credit card statement, you will find many components and terminologies written in it. The credit card issuer categories the credit card statement into various sections. Therefore, here the components of credit card statements are explained to help you read the credit card statement.
- Billing cycle
This is the period between the issuance of two bills of a credit card of a cardholder. Generally, it’s always the 1st day of the month and ends on the last day of the month.
- Current outstanding balance
This is the amount of money you owe to the bank or the credit card issuer. This debt amount is the credit card debt to which interest is charged too. Also, this current outstanding balance helps you determine how much money you can spend depending on your card’s credit limit.
- Credit limit
This is the maximum amount of money that the cardholder’s credit card can be used to spend. As the cardholder keeps on purchasing, it gets deducted from the credit limit. Thus when the credit limit decreases, make sure to spend your money wisely.
Also, the credit limit of a credit card depends on the type of card the cardholder has. Hence it is best to avoid crossing the credit limits to prevent yourself from getting penalties. This is why checking the credit statement after a few days is very important.
- Transaction history
This shows the list of transactions done in each billing cycle with proper transaction ids, date, time, and merchant name. This helps in keeping a check on your expense list as well as tracks your EMI’s too.
In case you notice any error in the credit card bill statement, make sure to inform the merchant about such a discrepancy. Along with it, keep your paperwork to support such incorrect statements in your card statement.
After checking the Credit card online, you can also get the credit e-statement in your registered email. Moreover, for a physical credit card statement, contact the Bank’s customer care. Even check the reward point balance for getting discounts while shopping and making bill payments.
Thus checking credit card statements online is a very wise decision to keep your finances in check. This will also help to notice any unauthorized charges or fraud from your account, just like RBL credit card login is very helpful to check the credit card statement anytime.
The process of tracking the credit card statement is very easy to apply for the exclusive all-in-one Bajaj Finserv RBL Bank SuperCard. This is a 4 in 1 card that can be used as a credit loan card, EMI card, and cash card. Moreover, the card is exclusively made by Bajaj Finserv in partnership with RBL bank.