(Closed) Credit Card Interest – when the current balance is less than the stmt balance?

posted 6 years ago in Money
Post # 3
5787 posts
Bee Keeper
  • Wedding: May 2011

Pay the current balance

Post # 4
1212 posts
Bumble bee
  • Wedding: September 2012

@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
10572 posts
Sugar Beekeeper
  • Wedding: January 2011

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
275 posts
Helper bee
  • Wedding: July 2014

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
5977 posts
Bee Keeper

@Snow00774:  Exactly!

I’d pay the current balance on the account rather than the statement balance!

The topic ‘Credit Card Interest – when the current balance is less than the stmt balance?’ is closed to new replies.

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