Having a credit card means you also have the obligation to pay bills regularly every month, either to the bank directly or through takecardpayment.co.uk/. When receiving a bill it’s good if you also understand how to read it, so you know very well how much the total bill to be paid, the remaining installments to be paid, as well as other information.
1. Personal Data
2. Bill Date and Due Date
3. Total Bill and Minimum Payment
4. Credit Quality
Credit Card Transaction column
In the credit card transaction column, you will see some information about when and what transactions you have made. Usually, there will be two types of dates listed: the date of the transaction, which is the date when you purchased the product/service, and the accounting date, which is the date when the transaction you made is recorded in the credit card statement.
Billing Summary column
1. Remaining from Previous Bills and Current Total Bills
You can see the rest of the previous bill (if it still hasn’t been paid) that has to be paid. Furthermore, the bank will also accumulate the total current bills, so you can immediately know how much the remaining obligations must be paid.
2. Credit Card and Cash Withdrawal Transaction Limits
On credit cards that have transaction limits, the maximum limit you can use for shopping is written, as well as the maximum limit when making cash withdrawals.
3. Credit Interest and Cash Withdrawals
You can also find out the interest rates charged on your credit card as well as when making cash withdrawals. Did you know that this year the Government will launch a reduction in credit card interest?
4. Overlimit Charge
If your credit card has a transaction limit, then you should pay close attention. Don’t use a card for transactions more than the specified limit. If you shop excessively, the bank will charge an over-limit charge that must be paid.
Credit Card Reward Column
When reading credit card bills, you can usually find a separate column specifically to explain the credit card rewards you get. The reward itself can be obtained when you make a transaction. Function? You can use the reward for a discount on the next transaction or exchange it for a gift. Of course, this is very liked in order to save more. In this column, you can find the number of rewards you get this month, the previous month, and the rewards you have used. In the last part, you can see the remaining rewards that you still have and can be used in the following month.