A statement balance is different from your current balance and available balance. It is the total amount owed on a credit card at the end of a billing cycle. It reflects all of the charges, fees, credits, and payments made to your credit card account within that specific billing cycle.  Once the billing cycle ends, the credit card issuer will generate a statement, either in paper form or electronically, detailing all transactions made during that period and providing the statement balance. You can see this on your credit card bill. This balance is significant because it's the amount upon which interest charges will be calculated if not paid off by the due date. Additionally, if you pay off the full statement balance by the payment due date, you can often avoid paying interest on purchases due to the grace period provided by most credit card issuers.