What is the credit card balance?
D-The amount of money you still owe to the credit card company.
The credit card balance is the total amount you owe the credit card company. The required minimum payment is the amount that forms a portion of the credit card balance. If you only pay the required minimum amount, the outstanding balance will generate interest and financial charges. It is better to pay off the whole credit card balance if you can. This way you will have a good credit score.