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What does the Bank of Communications mean by "current bill balance"? Is this the total amount owed by my credit card so far?
The balance of the current bill is: what is the total debt in your account until the bill is issued, which should be roughly consistent with your repayment during this period. If it is inconsistent, it means that there is pre-authorization or installment in your account.

The repayment in this period refers to the total amount that you need to repay in this period as of your repayment date.