New card member here...can someone help me understand the numbers that show up on my online statement.
1. How can I find the current, as of right now, account balance. And by account balance, I mean all the charges I've ever made, up through today, minus all the payments I've made minus all the credits.
2. How is the amount labeled Outstanding Balance, displayed on the Pay Bill page, computed?
3. Is Current Balance, also shown on the Pay Bill page, the amount that I'm obligated to pay in order to consider my bill paid in full?
Those are the questions I'd like help with.
But would you indulge my ranting for a moment? I've never seen a set of numbers so difficult to understand as these. (OK except maybe the statements I get from the insurance company.)
Having been an accountant in the past, I would expect a set of number like this to add up to the total shown:
But they don't. It appears that "Total" is actually "Total Charges minus credits". To find out the REAL total, I have to take out a calculator. Seriously?
I would appreciate any insight from more seasoned card members. Thanks