statement balance
Monthly owed amount
Statement balance is the total amount owed on a credit card or other revolving account as of the closing date of a billing cycle.
This figure appears on your monthly statement and represents what you need to pay by the due date to avoid interest charges.
It differs from the current balance, which includes any transactions made after the statement closed.
I always pay my statement balance in full to avoid paying interest.
- accountRecord of dealings
- credit cardBorrowed-funds payment tool
- creditRecognition or payment deferral
- paymentFulfilling a financial obligation
- dueOwed or expected
pay in full · due date · past due · billing · billing cycle · invoice · outstanding · monthly · minimum · debt · cycle · interest · charges · purchases · amount · ledger · reconcile · transactions
- debtdebt, creditor, owe, debtor, lender
- creditcredit card, credit score, credit limit, credit cards, credit scores
- debt paymentsloan payment, debt repayment, mortgage payment, car payment, minimum payment
statement balanceminimum payment
Lowest acceptable installment amount
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