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What is the difference between the \Knowing how to read your credit card statement can also help you catch unauthorized charges and/or billing errors. lesson 7 quiz: credit card features and costs. 'Credit Card Statement' is the answer! What is a Credit Card Statement? A Let's take a look and understand the meanings of some of the important terms in a. The document explains how to interpret a credit card statement, highlighting sections like account activity, payment info, and fees.