Difference between CREDIT CARD BALANCE and AVAILABLE CREDIT balance?

What is the difference b/w the two???


Sayif I have a credit card balance of 75.00 and my available balance is 500.00, does this mean I have 75 in my acct. or 500???|||You have about $415 available credit. You should be aware that interest and late fees are added to your balance BEFORE your payment is recorded. So if you are close to your $500 limit, you could incur an over limit fee on top of the other fees.





So with a $500 limit, and a $75 credit balance, you have about $415 available credit depending upon your interest rate.|||The max that you can charge is $500..you have already charged $75. So the difference between 500 and 75 is what you have left to charge.|||You don't have anything in a credit card account. The $75 is how much you currently owe them. The $500 is how much you can charge before they start declining your card.