What does INITIAL BALANCE mean in Santander 123 Credit Card statement?

[Deleted User]

No.

Your annual statement will show your total spend. Alternatively, add it up as you go.

LiveOnce

How do I calculate it without the annual statement?

Can you please show me practical way in which I can calculate it?

Here is the info:

I have 123 Current Account which is linked to the Credit Card.

Every month I pay Direct Debit from my Current Account (Money Out) to Credit Card (Money In)

I then have a Initial Balance field which is recorded in the Money Out field of my Credit Card and I am not sure how to marry up the three fields to understand how much I have spent.

[Deleted User]

Are you clearing in full each month? In which case, just add up all the DDs (assuming no other charges).

If you're not, go through your statements and add up your spend.

LiveOnce

Yes I am clearing every month.

So shall I just add up my Direct Debit from my Current Account that goes into my Credit Card?

[Deleted User]

Yes. If you've not paid any interest, cash fees or anything else, it'll add up to your purchases.

LiveOnce

Thank you