GreenFunds
Money word, in plain English

Total amount due

Your full credit card bill for the month; pay this by the due date to owe no interest.

Example. Paying the total amount due, not just the minimum, keeps you interest-free.

The total amount due is your full credit card bill for the statement month, sometimes shown as current outstanding. Pay it in full by the due date and you owe no interest. Pay only the minimum due instead and the rest carries high interest.

Questions people ask

What does total amount due mean on a credit card?

It is your full bill for the statement month. Pay this amount by the due date and you owe no interest.

What is the difference between total amount due and minimum amount due?

Total amount due is the whole bill. Minimum amount due is a small part of it, often about 5% of the bill, that keeps the card from going overdue. Paying only the minimum leaves the rest to carry interest.

Should I pay the total amount due or the minimum?

Paying the total amount due in full is the only way to stay interest-free. This is general information, not financial advice; check your statement for your exact figures.

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