Statement balance là gì

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Your statement balance is the amount you owe on your credit thẻ as of the latest billing cycle. Your current balance refers to lớn all unpaid charges on an account, up lớn the date of your inquiry. The two are often different, especially if you use your credit card every day.

As a cardholder, you are responsible for paying your statement balance or a portion of it, to avoid any negative consequences.


Paying your statement balance vs. your current balance

Regular purchases: If you want to avoid interest from regular purchases, you need khổng lồ pay off your statement balance. You card"s purchase APR is applied toward any unpaid portions of your statement balance only. While you may have a current balance above $0, you won"t be on the hook to pay interest on it so long as your statement is paid off in full.


However, if you want to lớn be diligent about your finances, it"s best to always pay your entire balance — that means your current balance. By keeping your current balance at, or near, zero, you keep your credit line open for additional purchases.


Cash advances: If you take out a cash advance, you will need to lớn pay the current balance as soon as possible lớn avoid any charges from accumulating. If you pay just your statement balance, you will kết thúc up having to lớn pay interest on that cash advance. Any minimum payment you make is applied toward the balance with the lowest Atruyền bá first. Cash advances typically have a higher interest rate, so you would not make any dent in that balance.


Any payments in excess of the minimum are applied toward the highest Aquảng bá balance, though only on transactions that have been closed out on a given statement. Thus, if the cash advance is not on your statement balance, you won"t erase any part of it unless you pay the entire bill.


The reason cash advances throw a wrench in the statement/current balance topic is that they don"t have a grace period, which we explain in more detail in the following section.

How to lớn find your statement balance và current balance

When you log in lớn your account, your issuer will usually display your statement balance & current balance on the main page.

In the screenshot below, the left side shows a statement balance of $0. This means that no charges were added to lớn the thẻ in the previous billing cycle, so no payment is owed. The right side (labeled "Total Balance") shows a current balance of $257.46. Since the statement hasn"t closed yet for this amount, no payment will be owed on it until the over of the next billing cycle.

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How is your statement balance determined?

Your statement balance is made up of transactions that occurred during the last billing cycle, as well as any previous unpaid balances. The length, in days, of the cycle varies from ngân hàng to lớn ngân hàng. Some last đôi mươi days, while others may span 45. The CARD Act of 2009, dictates that you have, by law, at least 21 days to pay your statement balance from the day your company delivers you the bill. Some credit thẻ companies may extkết thúc that by a few days.


This period is usually referred to lớn as a grace period, và no interest charges will be charged to lớn the tài khoản so long as the statement balance is paid in full by that time.


Cash advances have sầu no grace period, meaning they begin accruing interest immediately from the moment the transaction happens. Normally, consumers only need khổng lồ worry about interest charges on any statement balance left unpaid past a grace period. Cash advances are quality in this regard, which is why you should pay your entire current balance as soon as possible after you make a cash advance (or avoid cash advances altogether).

Impacts to lớn your credit score

Both your statement balance và your current balance can impact your credit score, though, in most cases, you only need khổng lồ worry about your statement balance.

Every month, card issuers report their customers" outstanding debt lớn the credit reporting agencies. This information is then used in many credit scoring models khổng lồ assess your creditworthiness. Though many credit scoring models exist, the most popular one is FICO 8. In this Model, utilization accounts for as much as 35% of your entire score.Most of the largest card issuers in America — including Chase, Citingân hàng & Bank of America — report your statement balance và not your current balance.

If you want to lớn keep your utilization low, you should prioritize keeping your statement balance low. To vị this, make payments khổng lồ your credit card bill throughout the month. Cheông chồng with your credit thẻ issuer to know exactly when your balance is reported. This will allow you khổng lồ plan around that date.

Consumers should generally not put too much emphasis on utilization, as the effects on your credit score are minimal unless you begin going over một nửa utilization. For FICO Scores, consumers should try to keep their utilization below 30%. However, going slightly over that figure won"t have sầu a huge negative sầu effect on most people"s credit scores.


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Example of how we calculate the rewards rates: When redeemed for travel through Ultimate Rewards, Chase Sapphire Preferred points are worth $0.0125 each. The thẻ awards 2 points on travel and dining và 1 point on everything else. Therefore, we say the card has a 2.5% rewards rate on dining and travel (2 x $0.0125) & a 1.25% rewards rate on everything else (1 x $0.0125).