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
-
It is best for you to let ASB know of the death as soon as possible. Holds will be placed ...
-
From an ASB bank account FastNet Classic To pay your credit card bill you can use FastNet Classic online banking ...
-
The account(s) will be the one(s) you selected when you applied for your ASB Visa Debit card. Commonly this will ...
-
You can hide most Transaction and Savings accounts, Investments, Managed funds and Visa Business credit cards from your Balances summary ...
-
It depends on how you have specified the account should be operated. 1. You do not require more than one ...
