What is a credit card balance?

A

The amount of interest you must pay the credit card company

B

The required minimum payment to your credit card company

C

A way to track your incoming and outgoing purchases

D

The amount of money you still owe to the credit card company

A credit card balance is the amount of money or credit you have used on the credit card. This is known as the amount of money you owe to the credit card company. It is very common for the credit card company to charge you interest on top of the balance that you owe which is why you should aim to pay off balances in full each statement cycle.