I just noticed a new section in my RCBC Platinum Card billing statement called Spend Analyzer. I don’t know when exactly it was added. I also don’t know if the billing statements of other credit card providers have this, too.
This is a welcome development. An improvement, no doubt. I believe it offers very useful insights on credit card holders’ spending habits.
For instance, in this particular billing cycle shown in the accompanying screenshot image, I was so shocked to find out that I spent almost P11,000 for motoring. Was that all for fuel? Probably not. But it sure made me worried enough to prompt me to review my spend details.