How to read your credit card statement

Each month, you receive a statement from your credit card company. But do you really take the time to read it? If you did, would you know what to look for? There is a lot of fine print in those statements, so it can be tempting to skim the details. However, savvy consumers know that it is well worth the effort to review each and every credit card statement—no matter how little time you have. In fact, you can review a credit card statement in five minutes or less.

Kim McGrigg is the former Manager of Community and Media Relations for MMI.