asked 12.4k views
4 votes
What is credit card balance?

asked
User Kahler
by
7.8k points

1 Answer

6 votes
If there is a positive balance, paying more than the minimum monthly payment pays it down quicker, resulting in less interest owed to the credit card company. A credit card balance is the amount of charges owed to a credit card company.
answered
User Laochiv
by
8.3k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.