What is the difference between current balance and statement balance?

Current Balance vs. Statement Balance: What’s the Difference? A statement balance is the amount that’s due at the end of a billing cycle, while your current balance is your total balance as of today. At Experian, one of our priorities is consumer credit and finance education.

Why is my statement balance more than my current balance?

Your statement balance is more than your current balance because your current balance reflects the current total of all charges and payments to your account — and that changes every time a transaction occurs.

What is a statement balance?

The statement balance tells you how much you owe after a single billing cycle. For a more up-to-date account of your credit card debt, check the current balance. Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page.

Why is my credit card statement balance different?

If you use your credit card for day-to-day purchases, your statement balance will likely be different from your current balance. There’s a good reason for this. Your statement balance is a snapshot of all the expenses and payments that were made to your account during one billing cycle.