Monday, December 12, 2011

Question on Current Balance and Statement Balance?

On my credit card when i go to pay online it has three options: 1: pay statement balance 335.17 2. pay minimum or 3 pay current balance 236.32. So if my current is lower than my statement because i recently deposited 225 on the balance to pay off some do i still owe 335?|||Your statement balance what only the balance due at the time of the printing or closing date of the statement. Anything that happened after that would change the current balance, such as additional charges or payments. If you already paid some down for the month, then you have likely already met your minimum payment requirement for the month. The current balance means that is all that is left to pay on the card. You only owe what you haven't paid off yet. So in your case, if you had a statement balance of $335.17 and you recently paid off $225, then you owe $110.17 (plus any interest charges or fee's that could have come up).

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