Credit Tips: Credit Card Balance Calculation Methods

Posted On: January 1, 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?

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Posted: Tue Aug 10, 2004 3:10 pm
Post subject: Credit Card Balance Calculation Methods

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