In part 1 and part 2 of How To Read Your Credit Card Statement, we shared the items on your credit card bill you need to look for. You should pay attention to everything from name and address to new charges and available credit. In part 3, we’ll cover other areas of your credit card statement to pay attention to:

• Finance charges. These charges are the amount of money you will be charged if you do not pay off your balance in full.
• Grace period. This is the period of time you have to until your payment will be deemed as late.
• There is also an area that will break down how your current debt was calculated.

Use this information as your tool for helping you manage your credit. The more you understand, the more power you have over your finances.