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On a
credit card statement, the
new balance is the figure that represents the
new amount that is owed by the credit card holder.
It’s the outstanding balance and it is a
calculated figure. Beginning with the
previous balance, all payments and credits
that have been made by the card holder during the
previous 30-day period are subtracted. Added to
that figure are all purchases, adjustments,
cash advances,
finance charges and other applicable fees that
were posted during that same period. The resulting
figure is the new balance. The new balance will
become the previous balance on the forthcoming
credit card statement.
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