Showing / Reporting vs Carrying Credit Card Balance
There is a big difference between showing or reporting a credit card balance and carrying a balance.
Showing or reporting a balance simply means you show a balance on your reporting date or your end of statement cycle date.
Carrying a balance means that you do not pay your statement balance in full on the statement due date.
The big difference is you can show or report a balance that is the same balance that is carried over, but you pay it in FULL and never pay a penny of interest.
If you do not pay the statement balance in full, you WILL pay interest.
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