Checking your credit card statement every month is an important financial task. The statement holds key information about your card’s balance, interest rate and payment due date. Plus, by ...

Credit card statements will vary in their specific organization depending on the card issuer, but most statements have the same essential information: Summary of your account purchases and payments.

Instead, your credit report will likely show the most recent statement balance of your credit card. As a result, it’s your statement balance that typically determines your credit utilization ratio.