A fuller guide to this term is on the way. In the meantime, the related terms below explain the ideas around it.
Related Brickyard terms
- Billing CycleThe recurring period, usually about a month, over which your credit card tracks purchases before issuing a statement.
- Grace PeriodA short window after a due date during which you can pay without a penalty or, on some cards, avoid interest entirely.
- Minimum PaymentThe smallest amount you can pay on a credit card each month to stay current, though paying only this keeps you in debt longer.
- Credit CardA card that lets you borrow from a lender for purchases up to a limit, requiring repayment and charging interest on unpaid balances.
- Current BalanceThe full amount recorded in your account, which may include pending charges and held deposits not yet available to spend.
Turn this into a brick
Knowing what Statement Balance means is knowledge — the first half. A brick gets placed when you act on it.
More in Credit & Debt
Plain-English education — not personalized legal, tax, or investment advice.