So, let’s say your outstanding balance is $1,500 and your credit limit is $5,000, and there’s a pending transaction of $200 that hasn’t appeared on your account yet. To come up with your available credit, subtract the outstanding balance from your credit limit and add any outstanding charges that haven’t shown up yet in your account. ![]() The outstanding balance helps determine how much credit you have available at a given time. For instance, if you charge a $75 dinner to your credit card, this $75 purchase will become part of the outstanding balance once the transaction posts to your account. The outstanding balance changes every time you use your credit card, even from one minute to the next. The outstanding balance serves as a real-time snapshot of your credit card account. This includes purchases, balance transfers, cash advance, interest charges and fees. What is an outstanding balance on a credit card?Īn outstanding balance, also known as current balance, refers to the total unpaid amount on your credit card. So, what is an outstanding balance and how does it differ from other balances that pop up on your credit card statement? Follow along to supercharge your knowledge of credit card balances. This might include what’s known as an outstanding balance. ![]() ![]() That’s because the statement lists more than one balance. Understanding your credit card statement can be a bit of a balancing act.
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