Stupid Barclaycard Q!

nikki1520

Hi all

I feel certain I should know the answer to this, but I dont! Any help much appreciated -

On my statement are my tramnsactions, and I check these regularly. However, at the bottom just before the total is another amount labelled as "transactions" - any idea what this is?

Thanks guys:T

reclusive46

Did you upgrade your card recently? This may be some balance you had left over before the upgrade.

nikki1520

No - its been the same card for years. Might have to phone and ask, it's bugging me now.

bengalknights

Is there any value in it?

Could just be to calculate interest etc

nikki1520

There is a value, and it varies from month to month. I don't pay any interest (or shouldn't do, as I have a DD for the full amount every month)

B19JON

Is it not just the total of the transactions you have spent that month?

mulronie

It's the NET movement on your account - calculated by "Total credits (payments made, refunds, cashback) minus Total Debits (purchases, interest, fees etc)"

It's actually pretty pointless and just serves to show how your previous month's balance has become your current month's balance. The bottom of my statement says:

• Transactions CR41.75
• Previous balance 80.06
• New Balance 38.31

So, January statement had £80.06 oweing. I paid that, and ran up further spending of £38.50, had cashback of £0.19 (at 0.50% of spending). The net value of my Transactions is thus £80.06 + £0.19 - £38.50 = £41.75.

So as I say a pretty pointless measure that shouldn't worry you.

nikki1520

Thanks Mulronie - that explains it perfectly :j