The interest you pay on your credit card is calculated based on the APR of the account and your account balance. But the balance your card issuer uses in the interest calculation isn’t the balance shown on your statement. Instead, it’s the average daily balance for the billing period. The credit card issuer calculates the…
The article Average Daily Balance Credit Card Calculator originally appeared on NerdWallet.
https://www.nerdwallet.com/article/credit-cards/average-daily-balance-credit-card-calculator
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