WebFeb 1, 2024 · The two balances on your credit card, the statement balance and current balance, are easy to confuse. However, they are vastly different in the way they track your credit card spending: The statement balance is your balance as of the statement closing date and the current balance is a nearly live running tally of your credit card balance … WebNov 17, 2024 · skynesher/Getty Images. Credit card bills contain many financial terms but two are especially vital -- the statement balance and current balance. Your statement …
Statement Balance vs. Current Balance: Differences and FAQs
WebAug 23, 2024 · But two terms could confuse you: “statement balance” and “current balance.” Your statement balance is the sum of all the charges and payments you made … WebSep 1, 2024 · On February 15, the statement balance is $1,000, meaning that the total charges between January 15 and February 15 add up to $1,000. Two days later, you make a $50 charge to the card. Your current balance will reflect $1,050 while the statement balance remains the same. In this case, the current balance is higher than the … fission iter
Balance Sheet - Definition & Examples (Assets = Liabilities + Equity)
WebFeb 7, 2024 · The current balance of the account as of the last day of the statement period. You can check the bank’s math if you want to make sure the current balance is correct. Use the starting balance as your starting point, then add the amount of every deposit to the account and subtract the amount of each withdrawal or expense. WebAug 24, 2024 · Statement balancing vs. current balance: What do they mean? Learn more about credit card balances and how they pot affect your credit. August 24, 2024 5 min … WebSep 18, 2024 · Your current balance reflects the amount of money you owe on your credit card overall, which includes statement balances from previous billing cycles that you haven’t paid off yet. Let’s look at an example. Say you have a credit card with a total credit limit of $2,000. Then, let’s say your total balance was $0 in January, and you charged ... fission keyboard