How to read my American Express credit card statement
Karan Manjhi
Asked 7 Jun 2026
I just received my first American Express credit card statement. Can someone explain the key sections — total amount due, minimum due, billing cycle, and grace period?
2 Answers
Two things nobody tells you: (1) GST is charged on the annual fee, so a ₹1,000 fee becomes ₹1,180. (2) Reward points usually have an expiry of 2-3 years. Set a calendar reminder to redeem before they lapse.
On the add-on card: yes, the primary cardholder is fully liable for all spends on the add-on. There is no separate credit limit or statement. So only issue it to someone you trust absolutely — spouse, parents. Not friends, not siblings you have money disputes with.
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