Your assertion steadiness and present steadiness could not all the time match up relying on how you employ your bank cards.

That’s as a result of your assertion steadiness doesn’t think about any transactions you make after the cycle ends – however these transactions would seem in your present steadiness. Your present steadiness contains all of your current spending and funds, whether or not your billing cycle just lately ended or not. 

Due to this, your assertion steadiness can both be decrease or greater than your present steadiness. 

Right here’s an instance of when your present steadiness could also be greater than your assertion steadiness: 

Say you spent $1,000 throughout one billing cycle, and your billing cycle ends on the thirtieth of every month. Your assertion steadiness on the thirtieth can be $1,000. In the event you make a $250 buy on the thirty first, your assertion steadiness would stay the identical ($1,000), however your present steadiness can be $1,250. On this case, your present steadiness is greater than your assertion steadiness.  

Alternatively, your present steadiness could also be decrease than your assertion steadiness: 

Let’s say you spent the identical $1,000 throughout your billing cycle that ends on the thirtieth of every month. Then, you made a $500 fee towards your account steadiness on the thirty first. On this case, your assertion steadiness would nonetheless be $1,000, however your present steadiness can be $500.