what the different between DR & CR ?

[Yiyong]

if let say my bills come it put 100CR balance...
mean i have to pay or dun need?

 

[innumerabilis]

CR is credit, which is what the bank owes you. If you have 100CR you don't need to pay the CC bill.

 

[beri stupid idiot]

DR means debit ?

 

[Yiyong]

So can withdraw out (atm) that 100CR?

 

[tatose]

So can withdraw out (atm) that 100CR?

Ask CSO first. Cash advances (from ATM) are treated differently from normal Visa/MasterCard transactions.

 

[MoDiE]

So can withdraw out (atm) that 100CR?

there will be cash advance fees.

 

[beri stupid idiot]

might as well charge 100 spend next month to use it up

 

[DevilCurseYou]

Debit and Credit are from accounting. Debit means to increase asset or decrease liability, while Credit is the converse, to decrease asset or increase liability.

When you have made a payment to bank/credit card, you decreased the bank's asset(the money you owed the bank), or when there is excess payment, the bank owes you money and hence their liability increased. Hence, payment to banks are considered credit and thus positive balance in your favour are credit balance. Note that the credit debit are usually taken with respect to the bank, and not customers.

If the above is too much for understanding, just take innumerabilis explanation.

CR is credit, which is what the bank owes you. If you have 100CR you don't need to pay the CC bill.

 

[derrickgoh]

Simply put, if you see $100 DR means you need to pay that $100. If you see $100 CR means you don't do anything. Just leave it there and when your next month bill comes they will deduct from there. E.g. if your next month bill is $150, they will offset the $100 and show $50 DR meaning you pay $50.