Post # 1
I always pay off my credit card balance in full to avoid finance charges.
However, this month, I have a bunch of returns on a card I barely use. Because of that, my statement balance is actually higher than the current balance.
Do I have to pay the statement balance (and end up with a credit on my account) to avoid getting dinged with charges?
Has anyone gone through this recently and/or know for sure?
Post # 4
@oracle: your statement is a point in time. Call to see if the returns have been processed to bring your account back to zero or whatever it should be without those charges. If it has been updated then you only have to pay the new outstanding balance as of the day you call.
Post # 5
The returns should act partially similar if you made a partial payment. It doesn’t hurt to be overly cautious though, and overpay. You’ll just owe less on the next statement.
Post # 6
I pay my credit cards in full each month also and I know for a fact on both my cards you’d only need to pay your current balance.
It’s a bit more complicated if you have a high balance on your statment and got a huge refund and then continued to use the card regularly. However, here it’s cut and dry. Pay the current balance.
Post # 7
I’d pay the current balance on the account rather than the statement balance!