How can I check the balance on my credit card?

Credit cards are useful financial tools that enable you to save money and limit your expenses. This redefined way of seeking small loans from the issuing bank and paying the spent money every month is quite beneficial. To check whether you have crossed the assigned limit, you need to check your credit card balance often. 

What is a credit card balance?

Every credit card account has a predefined limit set by the issuing authority after considering the accountability and credibility of a user. This credit card limit is the balance you are availed of at the beginning of a month. You can utilize this credited amount every month and repay it when the month ends. The remaining limit on your credit card is defined as the credit card balance. 

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How can you check your credit card balance?

Using a credit card escalates your purchasing power exceptionally. You will not have to break your savings account to make purchase decisions. Banks issuing credit cards allow you to spend a predefined credit. It is mandatory to keep an eye on the remaining balance to stop crossing the limit. 

Here is how you can perform credit card balance check in different ways.

1. Visit an ATM

By simply using an ATM of the same bank, you can check the balance remaining on your card. The relevant options are displayed on the ATM screen. Make sure you have the credit card PIN to explore the credit card balance and other options.

2. Checking monthly credit card statements

The issuing bank offers a service where you can extract monthly statements online. An ID and password are generated and sent to the user for accessing the soft copy. You will need a registered email ID where the credit card statement will be sent. This is the safest way to check your statements every month. The issuing bank will not charge any hidden cost for enquiring about credit card statements.

3. Visit a branch of the issuing bank

You can personally visit a branch of the issuing bank and ask for the service. The representatives will provide you with the information of the credit card limit assigned and the remaining credit balance you can use. Your credit card information is safe with the issuing bank and only you can access it.

4. Customer support

Every credit card issuing authority provides exceptional customer care to the account holders. An authentication process will ensure that you are the credit card account holder. Once done, the customer care representative or the automated information system (interactive voice response or IVR) will provide the balance remaining in your account. 

5. SMS service

Many banks offer a messaging service to provide information regarding your credit card balance. This intelligent response system answers your queries based on the options you choose. This is the most convenient way to credit card balance check. You can do it anywhere you want.

6. Internet banking

Similar to all the other accounts, credit card accounts offer internet banking services. A credit card welcome kit comes with the preliminary information to open and access an account online. You can change the ID and password at your convenience and access the credit card balance information anytime.

7. Mobile application

Every reputed bank has a mobile application that can be used for checking credit card balances. Check the version you need and install it on your smartphone. Search for the credit card balance. A credit card app will display the full information of all the transactions you have made. You can generate credit card statements and update information as per your requirement.

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Benefits of checking the credit card balance

Enjoy these benefits of checking your credit card balance. 

• Checking the outstanding balance will help you make necessary payments to remain in the good books of the issuing bank.
• You can limit your expenses considering the balance left on your card. Avoid the embarrassment of card rejection in shops, restaurants, etc.
• Monitor your account to flag unauthorized transactions. 
• It becomes easier to raise disputes when you check your credit card balance by seeking statements in every cycle.
• Get updated information by checking your remaining balance and deciding your lifestyle choices. You can add or reduce the credit card limit accordingly.