How to Monitor Your Outstanding Capital and Pay Down Balances

Overview

The Slash Card gives you access to credit, allowing you to make purchases before funds are deducted from your account. As you use your card, you accumulate a balance called your "outstanding capital" or "principal balance." This represents the total amount of settled charges you currently owe.

Slash provides several ways to monitor your outstanding balance and pay it down, either automatically or manually. Understanding these tools helps you manage your cash flow and maintain a healthy account.

Key Terms

• Outstanding capital: The total amount of settled card charges you owe. This increases when card transactions settle and decreases when you make payments.
• Authorization holds: Pending card transactions that haven't settled yet. These reduce your available credit but aren't part of your outstanding capital until they settle.
• Available credit: How much spending capacity you have left on your card, calculated as your credit limit minus your outstanding capital and any pending authorization holds.

How to View Your Outstanding Balance

Step 1: Navigate to Your Slash Card Dashboard

From your main Slash dashboard, click on the Slash Card section. This displays an overview of your card account.

Step 2: Review Your Balance Summary

Your balance summary shows:

• Outstanding balance: Settled charges you currently owe
• Pending transactions: Authorization holds not yet settled
• Available credit: Remaining spending capacity
• Credit limit: Your total approved credit line

Step 3: View Transaction History

Click Transactions to see a detailed list of all card activity. Each transaction shows its status (pending or settled) and how it affects your balance.

How to Pay Down Your Balance

You have multiple options for paying down your outstanding capital, depending on how you want to manage repayment.

Option 1: Automatic Repayment (Default)

By default, Slash automatically sweeps funds from your collateral account to pay down your outstanding balance on a regular schedule. This means as long as you maintain sufficient funds in your account, your balance is paid down without any action required.

To verify automatic repayment is enabled:

1. Go to Settings in your Slash Card dashboard
2. Look for Repayment Settings or Auto-Pay
3. Confirm the setting is turned on

Option 2: Manual Payment

You can also make a manual payment at any time to pay down part or all of your outstanding balance.

Step 1: Navigate to Repayment

From your Slash Card dashboard, click Pay Balance or Make Payment.

Step 2: Enter Payment Amount

Enter the amount you want to pay. You can choose to pay the full outstanding balance or a specific amount.

Step 3: Select Funding Source

Choose which account to pull funds from for the payment. This can be your Slash checking account or a linked external bank account.

Step 4: Confirm and Submit

Review the payment details and click Confirm to submit your payment. The payment typically processes within 1-2 business days if using an external bank account, or immediately if using your Slash account.

Additional Features and Considerations

• Payment timing: Payments made from your Slash account apply immediately. Payments from external bank accounts via ACH may take 1-2 business days to process.
• Credit limit restoration: As you pay down your balance, your available credit increases by the same amount.
• Statement periods: Your outstanding balance and payment history are summarized in monthly statements, available in the Documents section of your dashboard.

Need More Help?

If your balance doesn't look correct, first check for pending authorization holds that may not have settled yet. Pending transactions can temporarily affect your available credit without appearing in your outstanding balance.

If you have questions about a specific transaction or payment, contact Slash Support through the in-app chat or email support@slash.com.