What is the difference between current balance, available credit and credit card limit?
Last Updated: 19 Sep 2014
Your current balance is the amount currently owing on your card account.
The available credit is the amount that you have available to spend. This is based on the credit limit less the current balance less any pending transactions.
The credit limit is the amount of credit available on your card account. You can spend up to this limit.
If your account has a credit current balance or the pending transaction is a payment, the available credit will be your credit limit plus the credit current balance plus the credit pending transaction.
Did this answer your question?
Related Answers
-
You can view and export past transactions on closed credit cards by: Logging into FastNet Classic internet banking Selecting ‘Search ...
-
What is a pending transaction? Your recent credit card transactions may show as pending. A pending transaction occurs whenever the ...
-
Yes, you can do this using ASB Card Control by: Logging in to the ASB Mobile app Clicking ‘Cards’ from ...
-
Your current balance is the amount currently owing on your card account. The available credit is the amount that you ...
-
Cancelling your credit card is a little different from closing your credit card account entirely. For example, you may wish ...
-
Your account balance is the total in your account. If you see “OD” (meaning Overdraft) in front of the amount, ...
-
You can find out more about the rates and fees of personal credit cards or business credit cards. If you’re ...
-
ASB offers a range of credit cards to suit your needs and you can apply to change your credit card ...
-
All Visa cards issued in New Zealand now accept payment by PIN only. You’ll still be able to complete contactless ...
-
Standard credit card rates and fees apply. This will depend on whether you are making a New Zealand or overseas ...
