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- The amount available to spend on your credit card, less all authorized and posted transactions. We calculate your available credit by deducting from your credit limit the outstanding balance on your credit card account including cash advances, installments not yet due, and any purchases we have authorized but not yet posted to your account.
www.rbcroyalbank.com/credit-cards/cardholders/read-your-credit-card-statement.html
Your account at a glance. a) Previous balance is the total balance that appeared on your last credit card statement. b) Any payments you made or credits posted to your account after your last statement period are subtracted from the money you owe. c) Total charges is the total amount of your purchases, cash advances, interest and fees.
Any negative amount represents a payment you have made, refund given, or a credit that has been applied to your account. Transactions are separated by each credit card number under the account, making it easy to see the statement period activity for everyone authorized on the account.
Jun 11, 2024 · Statement balance definition: The amount you owed at the end of your card’s most recent billing cycle. Current balance definition: The amount you owe on your credit card at this moment in time, including any new transactions, fees or interest since the end of the last billing cycle.
Dec 18, 2023 · The minimum repayment is usually 3% of your outstanding balance or $10, whichever is greater. If you pay less than the minimum repayment amount, you could also be charged a penalty or have your interest rate or annual percentage rate (APR) increased.
Jan 30, 2024 · A minus on your statement balance means you have a negative credit card balance. You may also see a negative credit card balance reflected with “cr,” as in credit. Unlike a negative bank account balance, a negative credit card balance means your credit card company owes you money.
Sep 28, 2023 · That makes your credit card statement a helpful tool to track spending, confirm payment details and identify unauthorized charges. So it helps to know how to read it to get the most out of the information.
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Nov 15, 2023 · The total credit card balance. This is the total amount that is currently charged to your credit card. If you pay off this amount, your card will have a $0 balance. The minimum payment amount...
