How to Read Your Credit Card Statement

Checking your credit card statement every month is an important financial task.
The statement holds key information. Plus, by monitoring transactions, you can get a sense of where your money is going—and detect any fraudulent purchases quickly.
Inspect this part of your statement closely for any transactions you don’t recognize, which could indicate fraud. If you see a purchase you don’t recall making, contact the merchant first. If you can’t resolve the issue with the merchant, write a letter to your credit card company to dispute the charge.