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CreditCardGuide > Glossary > New balance
Credit Card Glossary

Puzzled by credit card jargon? Browse the CreditCardGuide.com glossary for the definitions of common and confusing credit card terms.

New balance

The amount of money you owe the credit card company at the end of each billing period. It is calculated by adding any new purchases and interest charges to the previous balance and subtracting any payments you made on the account.

  
     


 
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