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Current Balance vs Balance on Statement Date

seabass90 · 2015-12-26 12:26:40

Hi all, another newb credit card question again. My current Credit Card Balance is showing as £294 which is fully what I expected. However, when I open my latest statement (due for payment 4th Jan 2016), its £423!? The statement shows me transactions between 7th Nov - 8th Dec. I think this has happened because during…

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planteria Posts: 5,322 Forumite

28 December 2015 at 10:45AM

i can understand that MDMD.. and as above, it is important to understand the specific terms.

i don't generally make payments other than either Minumum (for BTs) and Full (for Spending) by DD.

Amex take the full statement balance from my account each month, regardless of payments made to the account between the statement being generated on the 28th of each month and the DD date, which as it happens is c2w before the due date.

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