New Balance

The new balance on your credit card indicates how much total charges you owe the credit card company. It reflects the past month’s charges and payments and adds and deducts those from the previous balance to come up with a new balance.

For example, if you previously owed $200, then paid a $15 credit card payment for that month, then made a $30 gas fill-up purchase, and had $10 in interest charges, then your new balance would be $225. Each time you make a payment or a charge is posted to your account, the new balance changed to reflect that.

It can sometimes take up to 24 hours, depending on the credit card company, for a payment or charge to reflect on the bill, which would affect the actual new balance.

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