Your credit card balance represents the purchases you’ve made during a billing cycle, as well as any interest charged. If you pay off your credit card each billing cycle, you will have a zero balance.

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Credit card balances in the U.S. have reached a 10-year high, according to Nov. 9 data from credit reporting bureau TransUnion. The average credit card account is now carrying a balance of $6,088, ...

Balance transfer credit cards can be helpful tools for zapping debt, but they aren't a cure-all and require you to avoid certain pitfalls. Many or all of the products on this page are from partners ...

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 ...

What Is an Account Balance? An account balance is the amount of money available in a financial account, such as checking, savings, credit card, or investment accounts. It represents the net difference ...

Carrying a credit card balance means you'll pay interest on your purchases, costing you more than what you've bought. If your balance is high relative to your credit limit, your credit score may take ...

Keeping a watchful eye on your credit card balance is crucial so that you don’t overspend and take on credit card debt you can’t afford to pay back. But how do you check your balance? And what’s the ...

Evan Zimmer has been writing about finance for years. After graduating with a journalism degree from SUNY Oswego, he wrote credit card content for Credit Card Insider (now Money Tips) before moving to ...