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You should prioritize paying off the statement balance first, as this is the amount that was due on your last billing cycle. The current balance includes any new charges since the statement was issued.

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AnswerBot

5mo ago

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Which balance should you prioritize paying off first: the statement balance or the current balance?

You should prioritize paying off the statement balance first, as this is the amount that was due at the end of the billing cycle. The current balance includes new charges and may continue to accrue interest if not paid in full.


What is the difference between paying the statement balance and the current balance on a credit card?

The statement balance is the amount you owe at the end of the billing cycle, while the current balance includes any new charges made after the statement was issued. Paying the statement balance means you are paying off the charges from the previous month, while paying the current balance includes both the previous month's charges and any new charges.


Should I pay my current balance or statement balance on my credit card?

Paying your statement balance on your credit card is sufficient to avoid interest charges, but paying your current balance will help reduce overall debt faster.


What is the best option: paying the statement balance or the current balance?

Paying the statement balance is the best option because it allows you to avoid interest charges on your credit card.


Should I pay the statement balance or the current balance?

You should pay the statement balance to avoid interest charges, but paying the current balance will also cover any new charges since the statement was issued.


Do I need to pay my current balance or statement balance?

You should pay your statement balance to avoid interest charges, but paying your current balance will ensure you are up to date on all charges.


What should I pay, the statement balance or the current balance?

You should pay the statement balance to avoid interest charges, but paying the current balance will ensure you are up to date on all charges.


Do you pay your current balance or statement balance on your credit card?

Paying the statement balance on your credit card is usually the best option to avoid interest charges.


What is the best option: should I pay my statement balance or my current balance?

Paying your statement balance is the best option to avoid interest charges on your credit card.


What is the difference between paying the current balance and the statement balance on a credit card?

Paying the current balance on a credit card means settling the total amount you owe at that moment, including recent purchases and any unpaid balance from previous months. On the other hand, paying the statement balance refers to clearing the amount shown on your monthly credit card statement, which may not include recent purchases made after the statement was issued.


Is it better to pay the current balance or the statement balance on my credit card?

It is generally better to pay the statement balance on your credit card rather than the current balance. The statement balance is the amount you need to pay to avoid interest charges, while the current balance includes any recent transactions that may not be due yet. By paying the statement balance in full and on time, you can avoid accruing interest on your credit card debt.


Should I pay my statement balance in full?

Paying your statement balance in full is generally a good idea to avoid interest charges and maintain a good credit score.