The outstanding balance is the money you owe on your credit card. This is also called outstanding debt.
The amount of your outstanding balance will be sent to you every month in the statement and invoice. If the balance is zero, you do not have any outstanding balance. It should be a goal to repay it to zero every time you receive the statement and invoice. This is to keep control of your spendings and to prevent interest from running.
The outstanding balance includes both the money you have spent on your credit card and any interest or fees.
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