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Explain this credit card statement

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  • 07-04-2014 2:02am
    #1
    ppshay
    Closed Accounts Posts: 322 ✭✭


    My statement below lists tranactions and payments since 5/12/13. That's as far back as the online statement goes. I pay off the balance in full each month.

    A count of the credit and debit columns shows that I have used €1400.93 credit including stamp duty, have paid back €2024, and have a debit balance of €142.95. Does this look like an error of some sort or is it actually correct? Probably missing something blindingly obvious.


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    #2
    JTMan
    Registered Users Posts: 5,540 ✭✭✭JTMan


    Is there no running balance column?

    We need to see your opening balance as at 5 December 2013 to see if the debits match the credits. I suspect there was a running balance as at this date.


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    #3
    P. Breathnach
    Registered Users Posts: 12,089 ✭✭✭✭P. Breathnach


    ppshay wrote: »
    ...Probably missing something blindingly obvious....
    You are - well obvious to somebody who is used to looking at such things. There is a lag between your spending and the dirct debit that pays for it.

    Take, for example, your spending from 31/12/13 to 14/01/14: 4 transactions, total value €651.76. Where else do you see that figure? Yes, in the DD on 20/02/14, a month later.

    The DD on 23/12/13 relates to spending that was done earlier than the period covered by the statement.

    Is it starting to make sense to you?


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    #4
    ppshay
    Closed Accounts Posts: 322 ✭✭ppshay


    Thanks for the replies, and simple explanation!


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