Credit Card Glossary: Terms and Definitions
On a credit card bill, the new balance is the amount owed on a credit card at the end of a billing cycle. The issuer calculates the new balance by subtracting any payments you’ve made toward the old balance and adding any new purchases, finance charges and other fees.
Terms from A-Z
Search the CreditCards.com glossary for every credit-related term from "account holder" to "zombie debt." Select a letter for alphabetized terms and definitions.