And If You Check Your Online Account, Your Current Balance Will.

Credit utilization is the amount of credit you're using, compared to the amount of credit you have available to you. You might even see “current balance. If you do see a negative balance on your credit card summary, there’s no reason to panic.

All Of The Purchases You’ve Made That Have Been Processed By Your Credit Card Company Since You Last Paid Your Bill Are Included In The Current Balance.

Credits can also be added to your account because of rewards you have earned or because of a mistake in a prior bill. On a credit card account summary, you’ll likely see “current balance. In fact, it’s quite the opposite situation.

This Includes Purchases, Balance Transfers, Cash Advance, Interest Charges And Fees.

The current balance on a credit card is the amount you owe on your account, minus any pending purchases or payments. Credit cards have billing cycles, and the closing dates vary by issuer. A high credit card balance can lower your credit score, because it affects the credit utilization portion of your score.

If You Owe Money, It Will Appear As A Positive Number.

The charges you’ve made to the card and cash advances you’ve taken all add to your balance. This balance is calculated by taking the closing (or current) balance away from the limit amount. One good rule of thumb is to use 30% or less of the credit that has been extended to you.

It Means That Your Card Issuer Owes You Money After Crediting Your Account, Rather Than You Having To Pay The Issuer.

A credit card balance transfer allows you to move one card balance to another, less expensive credit card. Managing credit cards can be tricky. Making new purchases increases your credit card balance, while making payments decreases your balance.