With a majority of the self-employed and salaried individuals owning a credit card, it has become a primary source of immediate financing. Also, it acts as a rotational funding option as once you pay the bills, your credit limit is renewed equivalent to the amount paid.
However, these financial instruments come with significant financial effects on individuals, and thus it is wise to keep a proactive approach to utilizing the available finance. One way to do so is to check your credit card balance at frequent intervals.
You may do so after a few purchases so that you can keep a track of the expenses you make. As for how to check credit card balance, you may do so conveniently through online mode.
To give you an idea about credit card balance, it is the amount you have already utilised from your available credit limit. Checking the same will give you an idea about the percentage of credit limit you already used. It also enables you to keep your credit utilisation in check. With an ideal credit utilisation of within 40%, your capacity for credit repayment improves, thus increasing the possibility to avail additional finances as loans.
To check your credit card balance online, you may log in to your credit card issuer’s website with your customer ID and password. If you have multiple cards from the same issuer, choose your card number and proceed to the statement and balance section for checking the same.
Alternatively, you may also download the mobile app provided by your card issuer and download the statement to check balance. You may also do so offline through SMS, by getting in touch with customer care or contacting your nearby branch.
Make sure to check the balance of your card periodically to make the most out of your credit card.