Amazon Prime Day is the perfect time to whip out that gift card you've had sitting around.

Here are the differences between your credit card's statement balance and current balance, plus how each balance affects interest charges and your credit score.

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. It is important to regularly check ...

Evan Zimmer has been writing about finance for years. After graduating with a journalism degree from SUNY Oswego, he wrote credit card content for Credit Card Insider (now Money Tips) before moving to ...