The statement balance tells you how much you owe after a single billing cycle. For a more up-to-date account of your credit card debt, check the current balance. Many or all of the products on this ...

Toni is a points and miles enthusiast who has been leveraging loyalty programs to travel around the world (for nearly free) with her husband and their four young children. She’s passionate about ...

A credit card balance is the amount of money you owe to a credit card company, including charges, interest, and fees. Carrying a balance on your credit card can be costly, as you may be charged ...

Balance transfers are a method to move your balance from one credit card to another. There are some costs involved so it is important to understand when a balance transfer might make sense and when ...

Meredith Dietz is Lifehacker’s Senior Staff Writer. She earned her bachelor’s degree in English and Communications from Northeastern University, where she graduated as valedictorian of her college.

Whether you’re new to the world of credit cards or an established pro, it’s essential to understand the terms that appear on your credit card statement. Two terms that may cause confusion, even if you ...