![]() ![]() This statement will contain all the details such as credit card balance, available limit, reward points, minimum amount due, etc.Īlso Read: Things You Must Look For In Your Credit Card Statement By calling the customer care numberĪnother way to get an update about your credit card balance is to call the customer care of your respective bank. If in case you had placed a request with the bank to get a hard copy of the statement, it will then be delivered to your communication address registered with the bank. Monthly credit card statementĪfter the end of your billing cycle every month, your credit card issuer will generate a monthly statement and that will be sent to your registered e-mail id. They will also send you periodic notifications related to your due dates and outstanding balances. Once you have subscribed for this, the bank will keep sending you notifications in the form of SMS on your registered mobile number related to the outstanding balance every time you swipe your credit card. To get all the alerts related to your credit card through SMS, you will have to subscribe for SMS notifications. As soon as you will log in to the application after registration, you will find all the details related to your credit balance, the outstanding limit of your credit card, etc on your home screen. You just have to register to your card issuer’s mobile banking app. It is quite easy to check your credit card balance via this application. You will regain your limit once you pay the credit card bills.Īlso Learn: How a Credit Limit is Set And Why Is It Important? Ways in which you can check your credit card balanceĪs already said, it is quite necessary to stay updated about your credit card balance, the following are the ways in which you can regularly check your credit card balance – By using Mobile Banking ApplicationĮvery bank has launched its mobile banking application these days. If you purchase anything using your credit card, your overall credit limit will get reduced. It is the total balance that the credit card issuer company will provide you to spend using your credit card. It is the maximum limit that you can spend through your credit card. An amount will appear in positive numbers if you owe a balance to the credit card company but a zero will appear if you do not owe anything to the credit card company. ![]() It is that amount that you owe to the credit card issuer company. It is the amount of credit that you have used on your credit card which includes all purchases done, charges incurred, cash advances, etc. ![]() ![]() Difference between Credit Card Balance and Credit Card Limit – Credit Card Balance Hence, before going any further with the article, let us first understand that what is the difference between a credit card balance and a credit card limit. Now, many people get confused between the terms credit card balance and credit card limit. Whether you have to make fresh purchases or you have to repay the outstanding bills, you have to be aware of your credit card balance and credit card limit. Going through your balance once a month is just not enough especially when you are an over spender.Ĭhecking the credit card balance is a key parameter while trying to manage your credit limit. Every month, the credit card company, sends a credit card statement, either to your address or to your registered e-mail id which contains the details about your purchases, your credit balance, your available credit limit, minimum due amount, etc. Having a check on your credit card balance is important, not only because you are about to spend on a large purchase but also because you would want to know about the previous bills as well. ![]()
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