New Delhi, Aug. 11 -- For numerous new credit card holders across the country, the arrival of a first credit card bill often brings curiosity and confusion. A credit card bill is a periodic statement that simply summarises all transactions, including purchases, interest, cash withdrawals, and fees, along with the total amount due for payment in a specific period, i.e., billing cycle.

Note: The breakdown discussed above is illustrative. For the actual details, check out your credit card bill statement and discuss with the respective customer service team for any clarifications.

3. Minimum and total due amounts: It is also important to clearly understand the difference; the total due is your full payment, whereas the minimum payment, on t...