What is the amount of money you still owe to their credit card company called? A. credit card interest B. credit card balance C. credit card limit D. credit card fee

The amount of money that you still owe to the Credit card Company is called Credit card balance.

Credit card balance refers to the amount of money one has spent on their card and they haven’t paid back to the Credit card Company.

Further Explanation
A credit card is a card in which any payment made by the card holder using the card, then it means they have borrowed money from the Card Company to pay at a later date.
In other words, unlike debit cards, credit cards allows customers to borrow money from the Credit Company or the card issuer for the purposes of making purchases up to a certain limit.
Credit card balance
Credit card balance is the money that has been spent by the card holder and have not been paid back to the card issuer. For instance, if an individual spends $ 550 to make purchases of items, and they have not paid back, then the credit card balance will be $550.
Terms Associated with Credit Cards
Credit card limit
Credit card limit refers to the maximum amount of money that the card holder is allowed to borrow on the card. The can holder, cannot make purchases exceeding the Credit card limit.
If the Card limit is exceeded then the Card issuer charges an over-limit fee depending on the agreement between the card holder and the card issuer.
Credit card fee
Credit card fee is the annual fee that the card issuer or the card Company charges the card holder for the privilege of using the credit card. This fee may be also called participation fee or the membership fee.
Credit card interest
Credit card interest may be referred to as the Annual percentage rate, which is the annual rate of interest that includes the fees and the costs incurred to get a loan.

 


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