If you are one of those who have recently got your first credit card, or have had a credit card for sometime but started using it only now, here is how you need to read your credit card:Payment due date: The most important element in your credit card is the payment due date. If you don’t pay your credit card bills on the due date, you will have to pay an interest on the balance amount in your credit card. Limits: There are three kinds of limits mentioned on your credit card statement: credit limit, available credit limit and available cash limit. Read this section carefully to ensure that you use your credit card accordingly. Reward points: Many credit cards offer benefits such as rewards for using your credit card.

Source: Mint December 04, 2017 12:00 UTC