WalletHub, Financial Company
@WalletHub
A credit card’s statement balance is what you pay by the due date to keep the account in good standing and avoid interest charges, and the current balance is how much you owe on your card at any given time. There’s no rule saying you can’t pay the current balance. But if you pay just the statement balance in full, and you have been paying the full statement balance in previous months, you won’t be charged interest. So there’s no need to pay the current balance by the due date, unless you are trying to keep your debt in control.
A statement balance on a credit card is what you owe at the end of the billing period. It includes purchases and any fees or interest charged during that period. The statement balance is calculated on the statement closing date, which is the last day of the billing period. All new purchases, interest, and fees that post after the closing date will be added to the current balance and reflected on the next billing statement.
The current balance on a credit card account is simply a running tally of everything you owe on a credit card – including fees, interest, and purchases – at any given moment, minus any payments made. It is not the amount currently due. Usually, your current balance will be the same as or higher than your statement balance. Every time you make a new purchase with your credit card, it will be added to the current balance.
It’s a good idea to understand the information on your credit card statement so you can examine it every month for errors and fraudulent charges. Your credit card statement has lots of important information on it, such as your due date and how long it would take to pay off your balance if you only make minimum payments. If you review your statement every month, you’re more likely to catch any mistakes before you pay your bill.

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Compare CardsPatrick Murphy, Former Bank Teller
@stpatrick1982
The statement balance is the amount you owe on your credit card in your latest billing cycle. The current balance goes beyond the latest billing cycle and it reflects the balance up to the date of your inquiry.
In other words, the current balance is your statement balance + any charges you made from your latest billing cycle.
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