Should I pay current balance or statement balance discover?

Should You Pay the Current Balance or Statement Balance on Your Discover Card?

When it comes to managing your credit card debt, it’s important to understand the difference between the current balance and the statement balance. The current balance is the total amount of money you owe on your card as of today. The statement balance, on the other hand, is the total amount of money you owed on your card as of the end of your last billing cycle.

To avoid late fees, you should always pay at least the minimum due by the deadline. The minimum due is the smallest amount you can pay each month without incurring a late fee. However, if you only pay the minimum due, you will end up paying more interest in the long run.

To eliminate interest charges, you should pay the full statement balance by the due date. When you do this, you will not be charged any interest on your remaining balance. Paying the full statement balance is the best way to save money on interest and get out of debt faster.

Here is a summary of the key points to consider:

• To avoid late fees, pay at least the minimum due by the deadline.
• To eliminate interest charges, pay the full statement balance by the due date.
• Paying the full statement balance is the best way to save money on interest and get out of debt faster.

If you have any questions about your Discover card balance, you can contact customer service at 1-800-DISCOVER (1-800-347-2683).