I'm new to credit cards. What is a "statement balance" versus a "current balance"? Same or different?
The current balance is everything you owe as of right now, the statement balance is what you owed as of the statement date (this is probably for November's credit card statement). The due date and due amount refers to that statement, which since the statement balance is 0, is why it won't let you pay. The current $50 balance will reflect on your statement for December along with any other charges you make. Hope I explained it well enough
by lepr0kan - 8 hours ago
They explained quite well to you already, I can only add that if you are not exactly struck for cash and are on your bank's website doing online banking, just pay $50 into your card and forget it. They do like that. RE: I'm new to credit cards. What is a "statement balance" versus a "current balance"? Same or different? I recently applied for my first credit card and got approved, and have an online account. However, I am a bit confused. My current balance stands at about $50, but my statement balance is at $0. My gu...
by Anonymous - 8 hours ago
No, they are not the same. As you use your cards, it goes to your CURRENT balance. Once a month, they prepare a statement. At that moment, your current balance becomes your STATEMENT balance. If you continue to spend, your STATEMENT balance remain the same. Your CURRENT balance will continue to increase. Next month, your new current balance will become your statement balance. Your understanding is basically correct. Most credit company will allow you to pay your current balance before it shows up in your statetement balance. Does it have an option to pay any amount? Other than that, you'll have to call them and find out why you can't make a payment until the statement balance is positive.
by tkquestion - 8 hours ago
You get a statement at the end of each month... so if you just got the card your balance is correct at saying $0. If you don't charge anymore at the end of the month your statement balance will be $50. Current balance is simply how much you've charged during that period of time. Sometimes it takes a while for the web system to figure out that you owe more than $0, so I would wait a few days and try paying again. As long as your statement balance is at $0 you do not owe anything as of now.
by Blondie918 - 8 hours ago
Your current balance reflects all payments and charges posted to the account after the closing date. Your statement balance is the balance on the closing date. There should be an option to pay another amount so you can make your payment at any time.
by Butterfly Lover - 8 hours ago
The current balance was an amount you charged after the statement cut off date. So on your next statement you will receive a current balance of $50 plus whatever you charge up to the the cut off date.
by Kelsey - 8 hours ago
statement balance is the total at the time the statement was printed. Current balance can be gotten by calling the 1-800 number or looking online. Current balance is most up to date! So trying to pay a zero balance won't work.. you have to wait a little longer when you are in the next billing cycle.
by kcck00 - 8 hours ago
How to get people to come to your events: A Business Rockstars Minute
Hosting and holding events can be a great strategy for any business owner to network, to build contacts, to establish a...
iPhone or Android? A Business Rockstars Minute
In this Business Rockstars Minute with Ken Rutkowski he takes a look at the question that plagues everyone involved with a...
Cheating the 24-hour Day: A Business Rockstars Minute
Entrepreneurs are busy. Very busy. In fact so is any small business owner. So time is precious and we all need to make the...
Make Money with Free: A Business Rockstars Minute
Make money with free? What can that mean? In this Business Rockstars Minute with Ken Rutkowski, he explains how easy it is...
Lucky Dogs: Barkefellers Upscale Pet Hotel Goes National
For some poor doggies, doing a stretch at the local kennel while their families are away can be traumatic. Stuck in a cage,...
Carnivore Club: A Model for Success in the Subscription Business
Toronto-based online entrepreneur and angel investor Tim Ray says that his business decisions—all of them with good pay-offs...