answersLogoWhite

0

Having a credit card balance of zero on a credit card is a good thing. It means one has no debts to the credit card company, which also means that no additional interests will be charged. If one either has not used a credit card or has paid all open debts and interests, they would have a credit card balance of zero.

User Avatar

Wiki User

11y ago

Still curious? Ask our experts.

Chat with our AI personalities

ViviVivi
Your ride-or-die bestie who's seen you through every high and low.
Chat with Vivi
ReneRene
Change my mind. I dare you.
Chat with Rene
ProfessorProfessor
I will give you the most educated answer.
Chat with Professor

Add your answer:

Earn +20 pts
Q: What are some causes of 0 credit card balance?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Accounting

What is the process of a transfer of balances between two credit cards?

When one transfers a balance between credit cards, it is the same idea as using one credit card to pay the bill on another credit card. One can do this electronically for some cards or use the checks that often come with the credit card statement.


How can you use a credit card to send a check?

Call your credit card company and ask for them to send you some checks that will pull on your available credit card funds. That's all it takes.


What are some easy ways to protect a credit card account?

Some easy ways to protect a credit card account are: to protect your Personal Identification Number (PIN) and security code, never use your credit card on unsecured websites.


are credit cards better than savings accounts?

Some people are able to control their spending habits while using a credit card, and pay off their balance each month without penalty. If you are discipline enough to do so, there are advantages to using a credit card. With today's competitive market, some credit card companies offer reward programs (such as a percentage of your purchases) and perks like extended warranty periods for appliances. When handled properly, credit cards can also help you build your credit rating, should you decide to get a loan or mortgage in the future. Combine these points with having an interest-free loan each month, having a credit card is worth considering.


What is e credit accounts?

an arrangement in which a bank, store, etc., allows a customer to buy things with a credit card and pay for them later, In which the customer have to pay some money for the credit service.