Does paying for my balance before my cc company produces a statement reset my balance?
Say I have a limit of $5,000 and use $3,000 and my cycle ends around the 27~ end of month. I pay on the 21st a total of $3,000. The next day, 22nd, my online access tells me I have $5,000/$5,000.
Is that just the system saying I have owed everything and I don't actually have another $5,000 to spend, but actually only $2,000 left? Or can I spend another $4,000 without going over the limit, and pay them again during the end of the cycle?
Credit Card with: RBC Canada