this post was submitted on 11 Jan 2026
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Economics
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I'm a little confused -- debt and balance aren't the same thing, at least that's my understanding?
My understanding (and quick searches seem to agree?) is that cc balance is how much you owe on your card; cc debt is how much you carry over to your next statement. You only pay interest on the debt part.
My cc balance climbs every month and then goes to zero when I pay it off, so I don't pay any interest.