Credit Card balance vs statement balance

sleepyjones

Quick Question.

If you have a Credit Card and the "bill" at the statement date is £620 (for example) and the statement due date is 6th Sep.

This statement was generated 3 weeks ago so there has been further spending on it since then. So the balance now is £940.

To ensure the statement is "Paid in Full" for credit reference purposes, do I need to pay off the whole balance of £940 or is it just the actual statement amount of "£620"?

I'm thinking £620 but just want to make sure.

20aday

Someone might come along to correct me but I'd also agree you would pay £620 this month and when the next statement lands the amount shown on there.

BoGoF

It's the statement balance that is reported....so £620.

sleepyjones

Great, thanks BoGoF

I would usually just pay it off to 0 but it's usually only around £400 max, but bought a new couch this month, then the statement came and then, of course, we had to get a new rug and a new coffee table

£900 could be done but is a bit of a push to pay off as far as cash-flow is concerned so just wanted to make sure.

[Deleted User]

£620.
They remaining £320 (providing you don’t spend more, if you do then adjust as per spend) will be statemented the next month.

Nebulous2

That's where your 'up to 54 days interest-free' comes from. From the point the statement is produced you can start spending (limit permitting) to be included on the next statement and paid some 3 weeks or so later.