If your credit card interest rate is too high, you may consider a balance transfer. Balance transfers can help consolidate debt or allow you to pay your credit card balance down quickly if you ...

The statement balance tells you how much you owe after a single billing cycle, while the current balance is a more up-to-date account of your credit card debt.

What does a negative balance on a credit card mean? In most cases, a negative balance is not great news. For instance, no one wants a negative balance on their bank account.

Wondering how to check your credit card balance, or what the difference between “statement balance” and “current balance” is? We’ll explain.

If your credit card balance is zero, you don’t need to make a payment. A zero balance can positively affect your credit score and more.

Other credit card companies might ask you to provide account information for the credit cards you wish to pay off so they can process your balance transfer (s) electronically.

What is your current balance? Unlike your statement balance, your current balance can change regularly. It represents how much you owe on your credit card account at any given time.