If I pay part of my credit card debt, will that amount be restored to my available credit?

Hi, I'm reaching the first time i've ever had to pay my credit card bill, and I'm really in need of an answer. If I pay over the minimum balance on my credit card bill, will the amount of money I pay become available for me to continue using on credit?|||When I pay my credit card bill, my limit stays the same. The amount of credit I will have is the difference between what I actually owe and the limit the credit card company has set for me.|||No it will not


Why?


Because part of what you are paying is interest.


So, if your minimum payment is $25 and you pay $50, that does not mean that the entire $50 is put towards the principal. Depending on your interest rate, a good chunk of it could be eaten up by interest charges.





Best to check you available balance a few days after you pay your bill. Even then, it may not be a true available balance, as some cards will add interest at a different time in the cycle of your billing!|||Not all of it, because interest continues to grow everyday there is a balance.|||No. Most of your payment will go toward interest charges.





BTW, when you charge more than 25% of your credit limit, you're lowering your credit score.