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What is a statement balance?

What is a statement balance? A statement balance is an important figure to understand when reviewing a credit card statement or managing personal finances. How is the statement balance different from the current balance, and why is understanding the difference important when planning payments and ma...

What is a statement balance?

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M

@Madeline replied to Henna
2 days ago

It's basically the total you owed on your card at the end of your last billing cycle, that's the number you gotta pay in full if you wanna dodge interest.
K

@Kevin replied to Henna
1 day ago

That's more or less what you had to pay on your credit card at the end of your previous billing period, and that is the amount you must pay in full to avoid interest charges.
S

@Steve replied to Henna
1 day ago

In other words, it is your balance on your credit card at the end of the billing period, and you have to pay it in full if you want to avoid any interest charges.