What does the available balance and balance of a credit card mean?

What does the available balance and balance of a credit card mean? Many cardholders who have just used credit cards reported that after checking the bill, they found the balance and available balance. Sorry, I have no idea what balance and available balance mean. What's the difference? Today I will give you a detailed introduction to the meaning and difference between the two.

What do available balance and remaining balance mean?

Credit card balance refers to the entire repayment amount that has been recorded to date, excluding unrecorded installments, unrecorded handling fees, interest, etc. If there is a "-" sign in the balance, it means that your current balance has a balance; if there is no "-" sign in the balance, it means that your current balance is overdrawn.

Available limit: The available limit refers to the credit limit of your credit card that has not been used. To put it bluntly, it is the limit that can be used for overdraft consumption. The calculation method is: credit limit - unpaid accounted amount - accumulated amount that has been used but not accounted = available limit.

For example, if the displayed balance is 972 yuan and the available limit is 300 yuan, it means that you currently owe 972 yuan, the available limit is 300 yuan, and you can also have an overdraft of 300 yuan.

The difference between the two is that the balance is the amount of the current bill repayment, that is, the amount of money that needs to be repaid. The available limit is your credit limit minus the consumption limit, which is the amount that can be used. There is a delay in bank transfers, so the data you see may not be the actual data. In fact, the easiest way is to check the customer service number on the back of the credit card, choose a manual answer, and directly ask how much money is left and you will know. , don’t be “scammed” by the bank just because you are short of a few dollars.

What do credit card balance and available balance mean?

Credit card account balance refers to the available limit of the credit card. The credit card limit, also known as the available limit of the credit card, refers to the maximum amount that can be used by the credit card held. It includes the credit limit (that is, the maximum amount of overdraft that can be used by the credit card). limit) and the amount deposited to the credit card.

The available balance of a credit card refers to the amount that has been consumed but has not been repaid (including interest and late fees). If it is a negative number, it means that the repayment is too much, the excess. The account balance is the amount that has been overdrawn, and the available balance is the amount that has not been overdrawn and can still be used. The available balance is also the available amount.

Extended information

Calculation method

Available limit = credit limit approved by the bank - outstanding balance on bills that have not yet been paid - amount of transactions that have not been recorded but have occurred -Other related interests and expenses.

Note: The unpaid credited amount refers to the amount of card transactions that have been billed but you have not yet returned; the accumulated amount that has been used but not credited refers to the amount of card transactions that have occurred but have not yet been billed. ;Other related interests and fees refer to interest on cash withdrawals or installment payments.

What do credit card balance and available balance mean?

If it is a China Merchants Bank credit card, the credit limit is the overall limit currently given to you by the bank (including fixed limit and temporary limit); the available limit refers to The credit limit of your credit card has not been used. The actual amount that can be swiped. The calculation method is as follows: credit limit - unpaid accounted amount - accumulated amount that has been used but not accounted = available limit. Log in to the public/professional version of online banking and click "Account Management" - "Account Inquiry" to view the credit limit and available limit.

What do the account balance and available balance displayed on a credit card mean?

It is very simple to distinguish between the credit card account balance and the available balance. You can remember it like this: the account balance is the amount that has been overdrafted, and the available balance is the amount that has not been overdrafted and can continue to be used. The available balance is also the available amount.

The calculation method of available limit is: credit limit - unpaid amount that has been paid out - accumulated amount that has been used but not recorded = available limit.

For example, the credit card statement shows that the balance is 972 yuan and the available limit is 300 yuan, which means that you currently owe 972 yuan, the available limit is 300 yuan, and you can overdraft 300 yuan.

Many card friends ask: Why does the balance of the credit card show as a negative number in the statement? In fact, there is a negative sign in the balance, which means that the current credit card has excess deposits and no arrears. You can also understand that there is an overpayment on the credit card. At this time, you don’t have to worry about the arrears, because the overpayments will be deducted from the overpayments first. Deductions begin. If there is no negative sign in the balance, it means that the current credit limit is overdrawn and there is an amount in arrears.

What is the difference between a credit card’s account balance and available balance? What does this mean

The account balance refers to the current balance on your credit card, and the available balance refers to the amount of overdraft that can be made from the existing balance on your card.

Overdraft is available The amount is set by the credit card center based on each person's income and credit. It is generally less than 5,000 yuan, and the gold card is generally 10,000 yuan. Some banks have an overdraft interest-free period of about one month, while others do not.

It is very simple to distinguish the credit card account balance and the available balance. You can remember it like this: the account balance is the amount that has been overdrafted, and the available balance is the amount that has not been overdrafted and can still be used. The available balance is also the available amount.

The calculation method of available limit is: credit limit - unpaid amount that has been paid out - accumulated amount that has been used but not recorded = available limit.

For example, the credit card statement shows that the balance is 972 yuan and the available limit is 300 yuan, which means that you currently owe 972 yuan, the available limit is 300 yuan, and you can overdraft 300 yuan.

The balance of the credit card shown in the bill is a negative number, which means that the current credit card has excess deposits and no debts. You can also understand that there is an overpayment on the credit card. At this time, you don’t have to worry about the debt, because Debt deductions will be made from overpayments first. If there is no negative sign in the balance, it means that the current credit limit is overdrawn and there is an amount in arrears.

What is the difference between credit card account balance and available balance?

The account balance of a credit card refers to the amount that has been used on the credit card (all the amount that has been recorded is due to repayment, excluding the unrecorded amount). If the current balance is negative, it means that there is excess balance in the credit card. Payment; available balance refers to the unused credit limit of a credit card, which can continue to be used for consumption. The amount that can be overdrafted is set by the credit card center based on each person's income and credit. It is generally less than 5,000 yuan. For gold cards, it is generally 10,000 yuan. Some banks have an overdraft interest-free period of about one month, while others do not.

①Credit card balance refers to the entire repayment amount that has been recorded in the account, excluding unrecorded installments and unrecorded procedures. Credit card repayment is an effective way to relieve repayment pressure. The repayment date can be postponed while an intermediary is found to handle the repayments. This means that when the final repayment date of the cardholder's credit card expires, I currently cannot repay in full, and the minimum repayment must pay high interest. In order to maintain a good credit record, I can entrust others to repay, and then The repayment amount is swiped in the form of card consumption, and the funds are returned to the repayment.

② Available limit: The available limit refers to the credit limit of your credit card that has not been used. To put it bluntly, it is the limit that can be overdrafted for consumption. The calculation method is: credit limit - unpaid accounted amount - accumulated amount that has been used but not accounted = available limit. For example, the displayed balance is 972 yuan and the available limit is 300 yuan, which means that you currently owe 972 yuan, the available limit is 300 yuan, and you can also have an overdraft of 300 yuan.

③The difference between the two is that the balance is the amount of the current bill repayment, which is the amount of money that needs to be repaid. The available limit is your credit limit minus the consumption limit, which is the amount that can be used. There is a delay in bank transfers, so the data you see may not be the actual data. In fact, the easiest way is to check the customer service number on the back of the credit card, choose a manual answer, and directly ask how much money is left and you will know. , don’t be “scammed” by the bank just because you are short of a few dollars.

This is the end of the introduction to what credit card balance and available balance mean.