What is the difference between you current balance and your available balance?

Question

What is the difference between you current balance and your available balance?

Answer 1

your current balance is what you owe as of the billing date, your available balance is how much more you can charge before hitting your limit.

Answer 2

Your current balance includes uncleared cheques (if any);  while available balance shows withdrawable amount including min. balance to be maintained.

Answer 3

I can not believe you do not know the difference between current and available..... There are several forms of dictionaries one has access to... My favorite is Encarta..... Learn, learn, learn and you will get much smarter... Look things up for yourself and you will always remember them....

Answer 4

Steve D gave the answer for a credit card.  But there's a different set of definitions for a bank account.  Funds deposited in a bank account are not available immediately. So if you had $1000 in the bank and deposited another $500, at that point you would have a current balance of $1500 but for the next three or four days you'd have an available balance of only $1000.