Cash limit: Most credit cards allow you to take cash out on your credit card. Often a different interest rate is applied for taking cash out as opposed to purchases made. Your cash limit is included in your maximum credit limit, not in addition to it.

Statement date: This is the date on which your credit card company generates their bills. This is also the date used to calculate interest on your outstanding balance. If you do not pay your outstanding balance in full on your payment due date, your will continue to be charged interest on your balance until it is paid off.

Payment due date: This is the date before which your payment must be received by the credit card company to avoid being considered a late payment. So be sure that your check reaches the credit card issuer well before the due date so that no late payment fee applied.

Total amount due: This is the total amount to be paid by you. This includes total unpaid purchases, cash advances, interest accrued and any fees applied.

Minimum amount due: This is the minimum amount you must pay to keep your account in a good standing. The amount ranges from 5 to 20 percent of the total amount due. If you do not pay the minimum amount by the due date, this will count against your credit score and you may be charged late payment fees.

Rewards point summary: If your credit card has a reward points system included, this is a summary of points earned on purchases and/or cash advances. The summary usually gives an account of your opening balance and the points earned and redeemed. Reward points and the method of redemption vary from one credit card to another. The total of your reward points should not be confused with any other balances or payments due on your credit card statement. These are merely incentives used by your credit card company and do not count towards your bill in any way.

Transaction details: This is the list of all of the transactions made during the billing cycle. It will include the type of transaction (whether it's a purchase or cash advance), the place you made the purchase, the date of purchase and the amount charged. This helps you verify the validity of the charges to your card.

It is vitally important that you check your credit card transaction details regularly. This is the only way you will discover if all the charges made were actually made by you. If you believe that any charges were made fraudulently, report it to your credit card company immediately. It is also a good idea to keep all of your credit card receipts, that way you can compare them to your statement. Sometimes you may forget about a charge you made and believe it's fraudulent when it's actually not.

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