Credit Card Balance Calculation Methods

Posted On: January 19, 2006

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Posted: Tue Aug 10, 2004 3:10 pm
Post subject: Credit Card Balance Calculation Methods
Sue G.
Date: 7/2/2001 11:19 am CDT

I would like to know the difference between the  Balance calculation Methods on credit cards. Average daily balance vs. two-cycle average daily balance.  Is one better to stay away from?

Ed Mason
Date: 7/2/2001 2:50 pm CDT

Stay away from the two cycle billing, it increases the amount of interest that you end up paying.