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.

Do you simply glance at your credit card bill every month without really checking it? This habit, though dangerous, is far ...

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.

Credit card companies calculate your minimum repayment from the total statement balance. So, if your minimum repayment equals 2.5% of your statement balance, you owe $71.50 based on the above example.