it denotes the amount of unpaid purchases on the card.
Contact the card company - either by phone or on-line !
Having a credit card balance of zero on a credit card is a good thing. It means one has no debts to the credit card company, which also means that no additional interests will be charged. If one either has not used a credit card or has paid all open debts and interests, they would have a credit card balance of zero.
Credit cards don't have a "balance on them." The reader essentially just reads the credit card number, then communicates with the credit card company's computers to find out if the purchase can be approved or not.
To transfer a credit card balance means to use the available credit on one credit card to pay off the balance of another credit card. This is often done by credit card holders to pay back a balance at a lower rate.
Yes, you can cancel the card even if there is a balance remaining on it. You contact the credit card company and request the card be cancelled. You will no longer be able to use the card, but you still pay the balance, either in monthly payments or in a lump sum. But you do not have to pay the balance in full when you cancel the card.
how much money you have
The outstanding balance is very simply the amount of debt that you have charged on the credit card. You owe that amount to the credit card company.
No, they have to offer you the balance transfer.
A credit card is reflected on a balance sheet as a liability, representing the amount owed to the credit card company. This is recorded under the "liabilities" section of the balance sheet.
The 'balance' of his statement is the monetary value of his account with the credit card company. In this case it is the amount he owes the company.
You will have to talk to you credit card company. They will be able to assist you in transferring your balance on your credit cards.
If you have a credit card with a zero balance and are eligible for a refund, the refund amount can be credited to your card as a negative balance. This negative balance can be used towards future purchases or you can request a check from the credit card company for the refund amount.
Contact the card company - either by phone or on-line !
$455.87, assuming Sara has not made any additional charges on her card since receiving the previous credit card bill. When a credit card company assesses a finance charge, the finance charge ($6.74) is added to the existing balance ($449.13) to arrive at a new balance ($455.87). As an aside, if possible, Sara should revolve (carry) her balance on a credit card that charges a lower rate since the $6.74 finance charge represents 18% (17.7%) on an annualized basis.
Having a credit card balance of zero on a credit card is a good thing. It means one has no debts to the credit card company, which also means that no additional interests will be charged. If one either has not used a credit card or has paid all open debts and interests, they would have a credit card balance of zero.
It is the balance on your account, indicating either how much money you owe or if you have some money in the account.
When you over pay a credit card, you have then a "credit balance." This means, in essense, the credit card company owes you money. You can either have them send you a check to pay off the difference, or the credit balance will be eliminated when/if you use your card again.