Thursday, December 15, 2011

When i pay a credit card, do I pay ''new balance'' or ''current balance''?

''new balance'' is also the ''statement balance'' i think. am i right?|||Ah, you are looking online.





You can pay either. "Statement balance" is the amount on your monthly statement. Paying this would be considered paying your account in full every month.





"Current Balance" is the total amount owed on the card and would include any charges made after the statement was printed.|||Whether you pay a percentage monthly or the balance, it's basically called the current balance owed.

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