New Delhi, Feb. 17 -- The successful control of credit card usage requires proper understanding of financial terms that impact your monetary state. You should remember the financial term outstanding balance or outstanding amount. If you want to summarize all your liabilities to your credit card issuer you should call it your outstanding balance. This section examines the complete picture which includes merchandise buys and automated teller machine transactions together with interest and fees.

At any given time your outstanding credit card debt represents your total billable amount. It includes:

1. Make regular payments: Paying your entire outstanding balance each month marks the most successful strategy to avoid interest costs. The main...