A credit card balance is the total amount of money you owe on your account. However, you may not know exactly how card issuers calculate what you owe or whether it's good to carry a balance.

A balance transfer credit card could offer you a chance to pay less interest while paying off – or at least reducing – your balance. If you move your account balances to the card and pay it ...

The amounts you owe account for 30% of your FICO credit ... MORE: How to choose a balance transfer credit card Need a new credit card? Let us do the work. Just answer a few simple questions ...