When I first received a credit card statement, I wanted to do my due diligence by inspecting every transaction and charge. As soon as I opened it, I was overwhelmed by all the numbers and headers that in my opinion, sounded same same, but different.
Was the end of my billing cycle the same as the payment date? I had paid off part of my bill before the statement arrived, where was that reflected?
I closed the window in panic and selected the “pay all” option on the website. I only recently started dissecting my statements when I realised I had actually overpaid the outstanding amount, thus ending up with a surplus. To ensure you don’t end up in the same situation I did, I enlisted financial experts to make the statement easier to understand.