On my account summary it says I have $413.65 for my current balance and my available credit is $286.35. What does my current balance mean? (The $413.65)|||It means you charged $413.65 and that is what you owe them.
Your remaining credit is $286.35.... that is all that is left to charge on that card if you don't pay off the $413.65 first.
To be honest... stop using that card immediately and pay off the $413.65 as soon as possible.
Your total credit limit before you started charging money on the card was $700. If you wanted to use that card the right way you only charge $70 a month and pay that off when the bill comes.
You are dangerously close to your limit and maxing out a student card, or any card for that matter, has serious consequences to your credit rating.
Sit down and read your credit card contract. You should not be on this site and ask what it means to have a balance on your credit card. You should know what that means as soon as you got the card because you read everything that came with the card before you went shopping with it.|||Your "current balance" is how much you have charged so far on the account. You OWE a total of $413.65. Your minimum payment is probably around $25, but you would be foolish to only pay that. Sounds like your credit limit is about $700. You are using about 60% of your credit limit. If you keep carrying that $413 balance and not get it paid down to about $210, you will be killing your credit score.
"Available Credit" is how much money you still have available that you can spend using your card.
Get that balance paid down asap.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment