How Can I Track My Credit Card Usage

Tracking your credit card usage is very important for your financial health. There are different ways to do it and we will look into them in detail.

Keep track of our credit card usage – 

• Through Online Banking 
• Through alerts on your mobile and email
• Through Excel spreadsheet
• Through spending tracker apps

Online Banking

Most credit card companies will give you an online customer portal to manage your card account. This portal will let you pay your bills and carry out other account management activities.

You can get the account summary for a particular period via the portal. This summary will help you get a clear picture of your credit card spending habits. Most portals have a spending tracker that already gives you a summary of your credit card usage. This lets you scrutinize your spending habits and make improvements, if necessary.

Subscribe To Alerts

All credit card companies send you alerts for your transactions, bills and bill due dates through SMS. Check all the alerts to ensure that there is no fraud.

Excel Spreadsheets

Everyone should budget their monthly finances. If you are not doing it, you better start now. And Excel is the best tool to do that. Excel is simple to use and comes with many functions to help you with your monthly budget. You can add your credit card expenses in a separate column and use features like comparison, tables or charts to get a summary of your credit card spending.

Download Spending Tracker Apps

There are hundreds of such apps for your mobile phones. These trackers are very efficient in giving you a clear summary of your credit card spending. They give you a clear picture of your credit card spends, right at your fingertips. They are easy to use and save a lot of time.

Key Takeaways

A credit card is an unsecured debt. If you don’t use it judiciously, you may end up in a debt trap which again is a mammoth task to get out of. Use the available tools to keep track of your credit card usage so that you don’t face any unpleasant situations.