What is the difference between current balance and statement balance?

Your 'Statement Balance' is a static snapshot of everything you owed at the end of your last monthly billing cycle, while your 'Current Balance' is real-time and includes your statement balance plus all new purchases and pending transactions made since that cycle ended. To avoid paying a single penny of credit card interest, you only need to pay the 'Statement Balance' in full by your official Payment Due Date. Paying the full 'Current Balance' is not required to preserve your grace period, though doing so right before the statement closes will lower your reported credit utilization.