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
-
Cancelling your credit card is a little different from closing your credit card account entirely. For example, you may wish ...
-
If there's a charge you don’t recognise on your credit card and you want to dispute it, we recommend you ...
-
Yes, you can do this using ASB Card Control by: Logging in to the ASB Mobile app Clicking ‘Cards’ from ...
-
You can view and export past transactions on closed credit cards 2 ways: Via Search and Export: Login to FastNet ...
-
A manual transaction is any transaction that’s completed with the help of our staff – including cheques and transactions in ...
-
You can cancel a Direct Debit at any ASB branch or by calling 0800 803 804. You do not need ...
-
Yes. We keep account statements for seven years. To request a statement, call us on 0800 803 804 or visit ...
-
To stop a cheque you have written, you will need to call us on 0800 803 804 or visit any ...
-
Automatic Payments can be processed at any time during each business day. If a payment to a non ASB account ...
-
Search for a convenient branch by visiting the branch locator, which has details for all our branches, and, give them ...
