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The statement balance tells you how much you owe after a single billing cycle, while the current balance is a more up-to-date account of your credit card debt.
What Is a Statement Balance? Your statement balance is an overview of all purchases and payments made during one billing cycle. Every credit card has a billing cycle—which can vary among card...
What is a statement balance? Your statement balance is the amount shown on your monthly billing statement. It doesn't reflect any new activity since your last statement ended. Instead, a statement balance represents the purchases and payments on your card during a set period, known as your billing cycle, which falls between 28 to 31 days.
Your statement balance is a snapshot of your previous billing cycle, while your current balance is the most up-to-date total of your credit card transactions. Understanding the difference could help you better manage your account.
In a nutshell, your statement balance is the amount you owe at the end of a billing cycle. And your current balance is the amount you owe at a particular moment. Learn more...
What is a statement balance? What does current balance mean? Difference between statement balance and current balance. How balances impact your credit score.
What Is a Statement Balance? A credit card's statement balance is the balance that appears on your monthly statement. At the end of each billing cycle, the card issuer takes a snapshot of your balance, creates the statement and sends you the statement and bill.
Your statement balance is what you owe for a billing cycle, but your current balance is a running total of your unpaid charges and interest. Your statement balance shows you what to pay each month to avoid interest charges.
Statement balance definition: The amount you owed at the end of your card’s most recent billing cycle. Current balance definition: The amount you owe on your credit card at this moment in time, including any new transactions, fees or interest since the end of the last billing cycle.
A statement balance is the total due after adding up all payments and purchases (credits and debits) you've made on your credit card during that billing cycle. It's generated by your credit card company on the last day—closing date—of your billing cycle.