GUIDESCREDIT CARDS
How to Check Your Credit Card Statement & Balance (Easily!)
4 MIN • 
LAST EDITED BY ULFATH JOAD ON APRIL 17, 2025.
LAST EDITED BY ULFATH JOAD ON APRIL 17, 2025.
GUIDES LAST EDITED BY ULFATH JOAD ON APRIL 17, 2025.
Credit Cards have become part of the mainstream means of payment today. You can easily apply for one online. They offer convenience, security, and enhanced purchasing power. However, with the increasing credit card use, it is essential to keep track of your spending and keep yourself within your financial means.
Your monthly credit card statement is an essential tool to help you do it. In this guide, we'll focus on how to get credit card statement and where you can conveniently receive it.
A credit card statement is a document issued by the card provider regularly every month. It includes a list of all the purchases, payments, interest charges, payment history, and transactions you made through your credit card for that period. It is also referred to as a CC statement.
Regularly checking your credit card statements is one of the most important financial habits you can develop. First and foremost, it serves as your first line of defence against fraud. By reviewing your transactions frequently, you can quickly spot unauthorised charges or suspicious activity and report them before they escalate into more significant problems. Credit card fraud can happen to anyone, and the sooner you catch it, the easier it is to resolve.
Beyond security, monitoring your statements provides invaluable insights into your spending patterns. It's a practical budgeting tool that helps you track where your money is going each month. You might discover spending more than intended in specific categories, allowing you to make adjustments before small expenses accumulate into budget-breaking habits.
Additionally, regular statement reviews ensure you catch billing errors or duplicate charges that might go unnoticed. They also help you verify that returns or credits have been appropriately applied to your account. This proactive approach to managing your finances protects your money and contributes to healthier financial habits and more informed spending decisions in the long run.
You can get your credit card statement both online and offline.
You can opt for getting your credit card statement via email every month. The credit card issuer will send you a PDF document containing the updated invoice. The file is typically password-protected, and you can find the specific instructions within the email itself.
You can check your updated credit card statement online using the following procedure.
Step 1: Visit the credit card issuer's official website and log in with your internet banking id and password.
Step 2: Open the credit card section.
Step 3: Retrieve your latest credit card transaction statement by clicking on 'Statement.'
Step 4: You can download the credit card statement in PDF format.
Step 5: Enter the password to the PDF to check your credit card statement.
The Fi Money app transforms the often tedious task of reviewing your credit card statement into a seamless experience. Here's how to access your statement and check your credit card balance in just a few taps:
For a more comprehensive view, you can also generate PDF statements for any billing cycle within the past 24 months—perfect for tax preparation or expense tracking.
This represents the total amount you owe on your credit card. For example, if you made ₹20,000 in purchases and paid ₹5,000, your outstanding balance would be ₹15,000.
This refers to the balance from your current billing cycle, not including any pending transactions that have yet to be posted. It is essential to track this during EMI conversions and popular payment options in India.
This encompasses all money owed on your account, including the current cycle's charges, any previous unpaid balances, interest charges, and fees, including GST on banking services.
This is the smallest payment you must make to keep your account in good standing by the due date. While paying only the minimum helps avoid late fees, it typically results in interest charges on the remaining balance. For example, if your total outstanding is ₹50,000 and your minimum payment is ₹2,500, paying only the minimum means you'll accrue interest (often 3-4% monthly) on the remaining ₹47,500.
This is the deadline for making at least the minimum payment. Mark this date on your calendar—missing it can trigger late fees and potentially impact your CIBIL score, which is crucial for future loan approvals in India.
This marks the end of your billing cycle—typically 30 days—and the date when your statement is generated. Understanding your billing cycle helps you plan purchases and payments more effectively, especially around salary dates that typically fall on the first or last day of the month.
This is the maximum amount you can charge to your card. This is determined based on your credit history, income, and other financial factors, often calculated as a multiple of your monthly income.
This is calculated by subtracting your current balance from your credit limit. For instance, if your credit limit is ₹2,00,000 and your current balance is ₹75,000, your available credit would be ₹1,25,000.
This section details every purchase, payment, transfer, and fee during the billing cycle. Each entry includes the date, merchant name, location, and amount. For international transactions, the amount is shown in both foreign currency and INR, with the exchange rate and forex markup clearly indicated.
The Rewards program allows you to earn points on eligible purchases. Your statement shows points earned during the current cycle and your total accumulated points. You can redeem these points for cashback, flight bookings via popular travel portals, or merchant vouchers from brands like Amazon, Flipkart, and Myntra.
This section outlines any additional costs applied to your account, including:
a. Late payment fees (if applicable)
b. Annual card fee (which can often be waived based on spending thresholds)
c. Interest charges (calculated based on your APR)
d. Foreign transaction fees (for international purchases)
e. Cash advance fees (for ATM withdrawals)
*GST at 18% on all banking charges
When accessing your statement online or via email, you'll need to enter a unique password that you've set up. This password is separate from your account login credentials, adding an extra layer of security to your sensitive financial data, which is especially important given the rise in digital fraud in India.
To sum up, checking your credit card statement is essential to managing your finances effectively. By understanding how to read and analyse your statement, you can maintain track of your spending and avoid unauthorised charges.
Moreover, if you are looking for a credit card that offers excellent rewards and benefits, then you can go with Fi. It has partnered with Federal Bank and has launched its 5% credit card that rewards you every time you spend. The card offers accelerated rewards of up to 5x whenever you spend on India's top 21 brands. You also get access to lounge facilities, low forex fees and several other benefits. Apply for a Fi-Federal co-branded credit card today!
While the limit on your credit card can affect your credit score, it remains unchanged every time you request a statement. So, you can examine your credit limit as many times as you desire during the billing cycle.
Login to the credit card provider's official website using your banking credentials and navigate to the 'Statement' or 'Transactions' section. You can view or download the statement for the last six months from there. You can also request the same via email or a customer care number or visit the nearest branch.
