How To Read Your Credit Card Statement

Credit card statements can look like a mix of SPM Add Maths and alien code, full of tiny numbers, financial jargons and dates that make your brain glitch.

Let’s decode it so you know exactly what is going on, how to spot red flags and avoid falling into debt traps.

This is the bare minimum you need to pay to avoid late payment charges. Sounds easy, but… interest keeps building on the rest you didn’t pay. 

Use this only if you are super cash-strapped. Clear it fully ASAP before it snowballs. 

Every swipe, tap or online checkout shows up here. Go through this and if you spot anything weird or unexpected transactions, report it to the bank ASAP! 

If you didn’t pay in full last month, you will either see this in a separate section or in your transaction section. Interest can be up to 18% p.a., which means that RM100 top you bought could end up costing RM118 and more over time.

• Credit Limit = your max spending cap

• Available Credit = what you’ve got left to spend 

Here’s how these two are related:

•  Credit Limit = Outstanding Balance + Available Credit  

💡 Tip: Stay below 30% usage to keep your credit score happy. Going over 80 – 90% looks risky to banks even if you pay it off later.

Some credit card statements show how many points or cashback you earned.

• Track expiry dates — points don’t live forever.

• Redeem them for vouchers, bill rebates or to offset your bill.

💡 Tip: Just don’t overspend chasing rewards. RM10 cashback isn’t worth RM50 in interest.

This article is for informational purposes only and CIMB does not make any representation and warranty as to the accuracy, completeness and fairness of any information contained in this article. As this article is general in nature, it is not intended to address the circumstances of any particular individual or entity. You are advised to consult a financial advisor or investment professional before making any decisions based on the information contained in this article. CIMB assumes no liability for any consequences arising from your reliance on the information presented here.