The average daily balance method is one of several methods used by credit card companies to calculate interest when a cardholder carries a balance. Cardholders too can use the formula as a way to ...

An average daily balance method is one way a credit card issuer calculates the finance charge on your credit card. When we say finance charge, this pertains to how your credit card issuer imposes ...

Aaron Broverman is the Managing Editor of Forbes Advisor Canada. He has almost 20 years of experience writing in the personal finance space for outlets such as Bankrate, Bankrate Canada, ...