{"id":7186,"date":"2023-07-24T11:23:34","date_gmt":"2023-07-24T03:23:34","guid":{"rendered":"http:\/\/www.imoney.my\/articles\/?p=7186"},"modified":"2023-07-24T20:04:20","modified_gmt":"2023-07-24T12:04:20","slug":"check-your-credit-card-statements","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/check-your-credit-card-statements","title":{"rendered":"Check Your Credit Card Statements Because\u2026"},"content":{"rendered":"

Imagine this scenario:<\/em><\/p>\n

You come across a gym membership promotion for credit card users who sign up on a three-year contract. You jump at the chance, hoping for a leaner and meaner body at the end of the three years.<\/em><\/p>\n

Perhaps you thought to yourself that signing up with a credit card means every month, a certain amount is billed to your credit card for three years. Since the monthly payment amounts to several hundred ringgit, you didn\u2019t think much about it and signed up immediately. <\/em><\/p>\n

A week later, you check my credit card statement and to your horror, the gym had billed a total of RM7,000 upfront for the payment of a three-year membership, instead of monthly billing over the course of three years!<\/em><\/p>\n

The thought of paying interest on RM7,000 will likely leave most people breathless and sweating (without actually going to the gym). Unfortunately, once the transaction has passed through from the gym, there is very little they can do on their side except apologise. You will be left at the mercy of the issuing bank.\u00a0 The only option is to plead your case and jump through hoops to get the billing revised to monthly instalments.<\/em><\/p>\n

Your statement tells you a lot more than just how much you owe<\/h2>\n

The above experience may not be as action-packed and entertaining as you were expecting, but one thing we can all learn from it is, credit card statements are extremely important.<\/p>\n

Your monthly credit card statement tells you a lot more than just how much you owe and when to pay it by. There are ways to keep track of your expenses on\u00a0the credit card statement to ensure that they are correct<\/p>\n

Tips to track your credit card statements better:<\/p>\n