Standard Chartered Bank Credit Card Statement

The credit card statement from Standard Chartered Bank is a summary of your activity for a particular billing cycle. It gives a detailed understanding of your credit card transactions, rewards points, and outstanding balance. Monitoring it helps you better manage your finances and unlock the full potential of your card.

You can access credit card statements online once you register for the facility with Standard Chartered Bank. To do so, follow the steps outlined below:

1. Log in to your online banking account

2. Select ‘eStatements’ and ‘eAdvices’

3. Click on ‘Sign Up Now’ in the ‘About Statements’ section

 

Once done, you can follow these steps to check the e-statement of your Standard Chartered Bank Credit Card: 

1. Log in to Online Banking facility by the bank for your statements 

2. Click on ‘eStatements and eAdvices’ 
    

Select the ‘View eStatements’ tab to check e-statements for the past 24 months

You can manage your credit habits better by learning about each component of your Standard Chartered Bank Credit Card statement. Here are the important details to note:

1. Account Summary

• Statement Period: Billing cycle, which is also the interest-free period 

• Opening or Previous Balance: Amount outstanding at the beginning of the period

• Closing Balance or Payment Due: Your remaining balance at the end of the period

• Minimum Payment Due: Minimum amount required to avoid late fees

• Due Date: Last day to make the total or minimum payment 

   

2. Transactions

• Dates: Day on which each transaction occurred

• Amounts: Charge or credit amount for each transaction

• Descriptions: Details about each purchase or credit

• Merchant Names: Merchant store at which the transaction took place

 

3. Fees and Charges

• Interest: Any accrued interest due to late payments or exceeding your credit limit

• Late Fees: Charges incurred for missed payments

• Annual Fees: Yearly charges associated with your card

• Other Fees: Additional charges like cash advance fees or foreign transaction fees

 

4. Payment Information

• Previous Payments: Your recent payment history and amounts

• Payment Options: Ways to make your next payment

• Payment Address: Place at which your statement and payment reminders are sent

 

5. Additional Information

• Available Credit: Your remaining credit limit after accounting for the outstanding balance

• Annual Percentage Rate (APR): Interest rate applied to your outstanding balance if you carry a balance over

• Rewards and Offers: Any points, cashback, or special offers earned during the statement period

• Contact Information: Customer service phone number and website address for assistance

Different issuers calculate the minimum due amount differently. Generally, it is 5% of the outstanding amount for the statement period. Here is an example of the calculation: 

 

Say the total amount payable at the end of the billing period is ₹15,700. The minimum due will be 5% of the amount. So, you will have to pay ₹785 before the due date.

 

Remember, minimum payments help you avoid late payment charges, but the outstanding balance will attract interest. In the above example, the issuer will levy interest on the remaining ₹14,915. 

 

To avoid spiralling debt, pay the total amount due whenever possible.

Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.