It is festive season once again and a lot of you might be swiping your
recently acquired credit card for the first time. You enter an electronic
store and just couldn't resist your itching fingers from swiping your credit
card. Before you know you have used your credit card to finance the purchase
of your favourite gadget/micro wave ovens/LCD/refrigerator/laptop or
whatever else you want to.

You feel right on top of the world with your latest acquisitions and flaunt
it in front of all and sundry. And then you get your credit card billing
statement and you come down to earth.

How on earth could I have spent so much, you wonder. But the statement is in
your hand and you have to deal with it. Here's what you must know about your
credit card billing statement to make your credit card work for you.

*1. What is a billing statement?*

A billing statement refers to the statement of purchases by using the credit
card at several establishments. It is usually issued once a month. You
should verify the billing statement against charge slips and any error
and/or inconsistency should be reported to the institution immediately.

*Image: *An image of a pedestrian is reflected on a window bearing stickers
of various kinds of credit cards at a restaurant in Seoul.
*Photographs: *Kim Kyung-Hoon/Reuters
http://getahead.rediff.com/slide-show/2009/oct/09/slide-show-1-money-faq-on-credit-card-billing-and-statement.htm

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