Credit Card Statement Question (Solved)

Invisible

Chase is starting to get on my nerves.

Just going to use general, but does this make sense?

Outstanding balance: $850
Balance Last Statement: $510

The total according to excel, calculating all purchases and payments since opening the card: $500. I've never accumulated interest and have always paid it off each month; in fact the only reason I use it is because I receive cash back.

But am I right in assuming the $850 is not taken into account my last payment and that really I should go with the last statement balance if not my excel spreadsheet balance (I've double checked and I'm not missing anything).

Because I've overpaid before when I was in a rush by using the pay outstanding balance option, but it was just by a few dollars and it was credited to my account, but fuck them if they think I'm going to over pay by $300 even if it's taken off future balances.

Cauld

I would guess that your outstanding balance includes purchases made after your statement period ended. So if your card 'cycles' on the 10th, and today is the 17th your outstanding balance includes purchases made between the 11th and 17th, while the balance last statement is what your outstanding balance was on your last statement date. You only need to pay the $510 to avoid any penalties or interest.

Esh

I would just call the number on the back of your card. They'll be able to tell you for sure what it's about.

MushroomStick

You've spent $340 since the last cycle ended. You can just pay the $510 and still avoid any fees.

Invisible

I figured out what was going on and got it taken care of.